Munich-based Lanes & Planes takes off with €33.2 million Series B to fuel growth in corporate travel sector
Summary
Lanes & Planes, a leading SaaS provider specializing in B2B solutions for corporate travel in Europe, announced a Series B investment of €33.2 million led by U.S. based investor Smash Capital. With an all-in-one approach, Lanes & Planes takes care of travel booking, approvals, and expenses management, in an easy-to-use, digital platform that offers integrations into all existing company systems. We have built a compelling product that has resulted in incredibly customer loyalty, and now, we are in an excellent position to scale rapidly and efficiently in the European corporate travel market” “We are thrilled to have Smash Capital on board as a strategic partner,” commented Veit Blumschein, co-founder of Lanes & Planes with Daniel Nolte. “The firm’s strong track record backing tech-market leaders, as well as its laser-focused growth mindset aligns perfectly with our vision for Lanes & Planes.” “Spending on business travel will top pre-pandemic levels in 2024, but the actual management and booking of business travel continues to be largely dysfunctional and inefficient,” added Brad Twohig, Managing Partner at Smash Capital. “The team at Lanes & Planes has built an experience that focuses on making life easier for the customer, with a seamless, transparent, and thoughtful way to book and manage business travel.
Funding
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