Munich-based startup Finn.auto announces the closing of its €8.8 million seed financing round. Investors include Holtzbrinck Ventures, Danish venture capital firm Heartcore Capital, early-stage investor UVC Partners, and existing investor Picus Capital.
With its subscription concept for cars, the Munich-based startup Finn.auto convince investors and raise 8.8 million euros. Holtzbrinck Ventures Heartcore Capital, UVC Partners, and Picus Capital are participating as lead investors. With the fresh capital, Finn.auto plans to expand its vehicle fleet with a focus on electric mobility, make the vehicles available even more quickly, and expand its team.
The startup has been live with its offering since October 2019 and currently has 76 different vehicles in its portfolio. Finn.auto's offering is aimed primarily at companies looking for flexible, all-inclusive mobility solutions for their business mobility. In addition to flexibility, the Munich-based startup focuses on a sustainable approach and, in cooperation with ClimatePartner the CO2 emissions of its fleet.
Massive upheavals in the mobility market
"Finn.auto has convinced strong and reliable investors with its consistent approach. We offer a flexible and service-oriented mobility alternative that differs significantly from leasing. Our user-friendly offering is generating significant interest in the market,"
is founder and CEO Max-Josef Meier secure.
Rainer Märkle, General Partner at HV Holtzbrinck Ventures, adds:
"We are currently seeing massive upheavals in the mobility market due to changing user behavior with a focus on greater flexibility and simple solutions. This presents enormous market opportunities for companies like Finn.auto. In addition to the good market prospects, we were particularly impressed by the management team, which brings extensive experience in e-commerce, mobility, and fleet financing. A perfect combination in this complex market."
