Lanes & Planes, a Munich, Germany-based SaaS provider specializing in B2B solutions for corporate travel, secured $35 million in Series B funding.
SaaS Investors
The round was led by Smash Capital. Existing investors such as Battery Ventures, coparion, DN Capital, and AllIron also participated in the round.
Smash Capital is a later-stage investment firm focused on high growth consumer internet, software, and technology companies. The firm invests in founders building generational brands.
Lanes & Planes Use of Funds
The investment will fuel Lanes & Planes' growth and expansion efforts in the European corporate travel industry, particularly at a time of increasing business travel.
About Lanes & Planes
Founded in 2017 by Veit Blumenschein and Daniel Nolte, Lanes & Planes is a Software as a Service (SaaS) provider specializing in B2B solutions for corporate travel in Europe. Lanes & Planes offers a comprehensive travel management platform that handles booking, approvals, and expenses, integrated with various corporate systems. It also provides seamless integrations into existing company systems. Additionally, they offer 24/7 in-house support based in Germany to assist users with questions, issues, or emergencies.
Funding Details
Company: Lanes & Planes GmbH
Raised: $35 million
Round: Series B
Funding Month: October 2023
Lead Investors: Smash Capital
Additional Investors: Battery Ventures, coparion, DN Capital, and AllIron
Company Website: https://www.lanes-planes.com/
Software Category: B2B Corporate Travel Solutions
Source: https://www.lanes-planes.com/en/press/lanes-planes-series-b-financing-round/