Planet First leads €100 million Series C round of FINN

Photo: Frédé­ric de Mévius, Foun­der and Mana­ging Part­ner of Planet First Partners
13. Janu­ary 2024

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.

YPOG Team:

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.

About YPOG

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

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