14-slide pitch deck: double down on EVs and the US
- Finn, a German car subscription startup, secured $110 million in Series C funding.
- The Munich-based company focuses on leasing electric vehicles (EVs) and services over 25,000 subscribers.
- Finn's growth strategy includes direct-to-consumer offerings and partnerships with industries like consulting and healthcare.
- The company reported $175 million in annual recurring revenue (ARR) for 2023, marking a 35% increase.
- Despite market challenges, Finn successfully closed the funding round led by Luxembourg's Planet First Partners.
- The funding values Finn at $656 million, approximately 3.7x its ARR.
- Funds will enhance customer experience, expand in Germany and the U.S., and support headcount growth in engineering and tech.
Source: Business Insider