finn.auto to raise €20 million series A round from White Star Capital and angel investors from Germany.

finn.auto, a Munich, Germany-based car-subscription provider, announced scuring a €20 million ($24M) series A funding round.

The money was raised from investors led by White Star Capital and including contributions from existing shareholders Heartcore, HV Capital, Picus Capital and UVC Partners and angel investors Rubin Ritter, David Schneider and Robert Gentz.

WHite Star's partner Nicholas Stocks will join the board of directors.

finn.auto, founded in 2019 by CEO Max-Josef Meier, built a car subscription service business providing an extensive all-inclusive package covering costs for insurance, repairments and vehicle tax. The company has about 75 vehicles and has sold about 1000 subscription packages.

finn.auto previously raised about $10 million at the end of 2019.