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To make mobility fun and sustainable.
The subscription economy has led to the rise of many different companies across all sorts of industries. One surprising sector where it has been a hit is the vehicle economy, with the global car subscription market projected to reach revenues of over $11 billion by 2026.
Finn is a car subscription company that is tackling the opacity of costs and commitment surrounding car ownership, by providing a subscription for those who need a car more intermittently than permanently. Its all-inclusive monthly subscriptions cover over 15 brands of vehicle, at a broad range of prices starting in the low hundreds. Interestingly, these subscriptions are offset in the long term by a tree planted by the company per journey you take.
Boasting impressive annual recurring revenue and over 25,000 active subscriptions, it is no surprise Finn has secured an impressive 100 million euros in fresh funding. There are plenty of competitors in the space, but this raise indicates that the company is a major player in European markets, with funds being used to accelerate its growth in the ever-expanding electric car sector.
Steph
Company Specialist at Welcome to the Jungle
Apr 2024
$1.1m
LATE VC
Jan 2024
$105.4m
SERIES C
Andreas Styz
(CTO)Currently an Expert Partner at Picus Capital. Previously Head of Development at Westwing Home & Living, as well as Founder and CTO at trbo and Head of Social Business Intelligence at SnipClip.
Hans-Peter Ringer
(VP OEM Partnerships & Lead Principal Fleet Purchasing)Previously Director of International Fleet Purchasing and Management of Trainee Operations at SIXT.
Maximilian Wuhr
(CEO)Currently a Venture Scout at Picus Capital and Member of the Board at Verlag Systemische Medizin. Previously Manager of Venture Development at Current Ventures and at Kaia Health.
Nikolai Schroeder
(COO)Previously a Consultant at Boston Consulting Group, and also worked in Technology Consulting at Accenture. Undertook a Master Thesis at Porsche Consulting.