03 Jun 2022 | 08:35 am | 1 min. read
Multinational law firm Pinsent Masons has advised French investment company Korelya Capital on the EUR 100+ million financing of car subscription start-up FINN.
Korelya Capital, whose investment portfolio includes Berlin Unicorn Getyourguide and other European tech champions that became global category leaders (Vestiaire Collective, Glovo, Bolt, Ledger, Devialet), led FINN’s Series B funding. As part of the financing, Keen Venture Partners, Climb Ventures, Greentrail Capital and Waterfall Asset Management invested while existing investors White Star Capital, HV Capital, Heartcore Capital, UVC Partners and Picus Capital participated in the Series B financing round led by Korelya.
The team at Pinsent Masons was led by corporate partners Sven Schulte-Hillen and Dr. Markus J, Friedl.
Commenting on the transaction, Sven Schulte-Hillen, said: "We are very pleased that we were able to successfully support Korelya Capital in this financing round. Our experience and knowledge of the tech and automotive industries combined with our legal expertise enabled us to play an important role in securing this important investment for both Korelya and FINN. FINN is widely regarded an innovative business which is already succeeding in the automotive sector. We’re confident this financing will play a vital role in advancing its long-term strategy.”
FINN GmbH is a market leading car subscription-based rental business in Germany with an active network spanning Germany and the US. Following its latest funding round the start-up will seek to enhance its business in Germany and the US and expand across Europe.
For Pinsent Masons it has been the first engagement by Korelya. Co-founder of Korelya Capital, Antoine Dresch, said: "We were delighted to work with Sven and his team. Economically savvy lawyers, technically at the top, deal driven, risk sensitive and very friendly, we could not hope to find a more suited legal advisor.”
The Pinsent Masons team was led by the corporate partners Sven Schulte Hillen und Dr. Markus J. Friedl., LL.M. and included among others Johannes Maidl and Daniel Erd (both Corporate and M&A), Domenico Schwan (Banking & Finance), Ruth Maria Bousonville, and Franziska Mauritz (both TMT & Sourcing) and Benjamin Bruchmann (Employment).
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