Planet First leads €100 million Series C round of FINN
Berlin — YPOG provided comprehensive legal advice to the growth equity fund Planet First Partners on FINN’s €100 million Series C financing round. Planet First led the round, with other existing investors participating in the new financing round. These include HV Capital, Korelya Capital, UVC Partners, White Star Capital and Picus Capital. This increases the valuation of FINN to over US$600 million.
Founded in 2019, the start-up FINN has developed a car subscription platform that aims to make mobility flexible and climate-neutral at the same time.
The Munich-based company intends to use the capital raised to accelerate its growth in the electric car segment, with the aim of more than doubling the proportion of low-emission vehicles from the current 40% by 2028 and thus giving people the opportunity to test electric cars in everyday life. To date, the start-up has more than 25,000 subscribers and recently generated annual sales of around €160 million.
Dr. Tim Schlösser (Lead, Transactions), Partner, Berlin Dr. Benjamin Ullrich (Transactions), Partner, Berlin Matthias Kresser (Transactions), Partner, Berlin
Tobias Lovett (Transactions), Senior Associate, Berlin Florian Bacher (Transactions), Associate, Berlin Barbara Hasse (Transactions), Associate, Berlin
About Planet First Partners
Planet First Partners is a growth equity platform that invests in and partners with disruptive entrepreneurs to grow technology-enabled businesses that combine a purpose-driven mission, profitable growth and a people-centered culture. The fund has collected equity investments totaling €450 million. As an Article 9 fund, Planet First Partners applies a rigorous sustainable investment methodology and is committed to maintaining the highest standards and strictest criteria at all times. Planet First Partners was founded in 2020 and consists of a highly qualified and experienced team of investment and sustainability experts focused on maximizing and optimizing sustainability. The team is complemented by an advisory board made up of leading figures from business and politics. www.planetfirst.partners
YPOG is a specialist tax and commercial law firm operating in the core areas of Funds, Tax, Banking & Finance and Transactions. The YPOG team advises a wide variety of clients. These include emerging technology companies and family-run medium-sized enterprises as well as corporations and private equity/venture capital funds. YPOG is one of the leading addresses for venture capital, private equity and fund structuring in