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FAAREN Group

FAAREN Group

FAAREN enables automotive stakeholders to become car subscription providers by offering a white label software solution and an own car subscription place marketplace. Within hours clients are able to enter a new business field while maintaining their customer relationships. The world of mobility is moving - and changing: car subscription is one of the answers. As an option to owning and leasing the car subscriptions is expected to be one of the main drivers in the automotive industry. FAAREN digitally handles all subscription-related processes for its partners offering the technical infrastructure, the integration of a white label, customer acquisition, credit checks, payment management and other services. Customers have the option of subscribing to a car online at a monthly all-inclusive fixed price including all relevant costs to flexible terms of 1 - 36 months and different mileage packages. https://faaren.com/impressum https://faaren.com/datenschutz

Würzburg, Bavaria, Germany11-50 employeesFounded 2018

Overview

FAAREN is the leading asset light marketplace in the car subscription space in Germany for car dealerships, rental companies, OEMs, car subscription providers, banks and insurers. A team of 40 people is building the company since 2018. The company raised € >10m from a VC, Angels and Family Offices. FAAREN is also running B2B SaaS and White Label products in the B2C and B2B fleet space.

Tech Stack

Common crawlDnssecHstsU.s. server locationWordpressFont awesomeWordpress pluginsAmazonCommoncrawl top 10mGravatar profilesAICloudFlare HostingCloudflare DNSDigital Ocean SpacesDoubleClickDoubleClick ConversionFacebook Custom AudiencesFacebook Login (Connect)Facebook WidgetGmailGoogle AnalyticsGoogle AppsGoogle Dynamic RemarketingGoogle Font APIGoogle MapsGoogle Maps (Non Paid Users)Google Tag ManagerHotjarHubspotLinkedin Marketing SolutionsMailChimp SPFMailJetMobile FriendlyMouseFlowOutlookReactReact ReduxRemoteStripeVueJSWordPress.orgYouTubeReCAPTCHA

Funding History

Pre Seed Round

$350K

Nov 2018

Enowa

Seed Round

$1.0M

May 2020

Seed Round

$4.9M

May 2021

Helvetia Venture Fund, SEK Ventures

Seed Round

Undisclosed

Sep 2021

Kroschke Group

Convertible Note

$3.0M

Jul 2022

Series A

$3.5M

Feb 2024

Gert Schaub