Fairown Finance raised €4.2 million seed round led by main incubator.

Fairown Finance, a Talinn, Estonia-based SAAS developer, announced that it raised a €4.2 million ($4.9M) seed funding round.

The money was raised from investors led by main incubator, the early-stage investor of Commerzbank Group, joined by primeCROWD and Stihl Capital.

Fairown, founded in 2018 and led by CEO Hendrik Roosna, developed a plug&play software solution helping their customers offer physical products on a subscription basis. Fairown is currently active in the Nordics and Baltics offering its services to various industries like electronics, gardening, or luxury goods.

Fairown Finance previously raised a preseed funding round at the end of 2020.