Faaren to get funded by The Helvetia Venture Fund.

Faaren, a Würzburg, Germany-based software company developing a platform for renting cars, announced securing a capital funding round.

The money was raised from the Helvetia Venture Fund, an investment arm of the Helvetia Swiss Insurance Company, joined by angel investors from Germany.

Faaren, founded in 2018 by Daniel Garnitz, Eike Ben Seifert, Fabian Hagen, Konstantin Stenzel and Maximilian Renoth, built a a light asset mobility fintech car subscription marketplace, aimed for car dealers who want to operate a renting service.