Imagine simplifying corporate travel booking, approval, and expense management, all through one seamless platform. That’s precisely the magic Lanes & Planes, Munich’s shining star in SaaS, is crafting. Recently, the company garnered an impressive €33.2 million Series B investment, led by the notable U.S. investor, Smash Capital. The cash influx comes with a nod from their consistent backers including Battery Ventures, coparion, DN Capital, and All Iron.
What’s so fascinating about Lanes & Planes? Well, their platform isn’t just another digital tool. It integrates effortlessly into any existing company systems. Plus, users get a bonus: round-the-clock support from their dedicated Germany-based team. Whether it’s a minor query or a significant travel hiccup, they’ve got your back.
Since its inception in 2017, Lanes & Planes has showcased an incredible 9x revenue growth just from the outset of 2022. Such a performance surely cements its place in the corporate travel arena. With the fresh capital from Series B, the sky’s the limit. Lanes & Planes is poised to widen its horizon, bringing more innovative, tailor-made solutions for businesses on the move.
Lanes & Planes co-founder, Daniel Nolte, shed light on their journey: “New customers often tell us how we’ve revamped their efficiency. Not just in terms of budget but also by transforming tedious administrative tasks into a breeze. Our product’s charm has brewed an unbreakable bond with our clientele. And now, with this backing, we’re all geared up to make waves.”
Veit Blumschein, who co-founded Lanes & Planes alongside Nolte, expressed his excitement about their latest partnership with Smash Capital. “Their knack for spotting tech gems and their growth-centric approach aligns harmoniously with our vision. We’re ecstatic to have them as strategic allies,” he remarked.
Brad Twohig, the Managing Partner at Smash Capital, put things into perspective. “Although business travel expenditure is projected to surpass its pre-pandemic mark by 2024, the mechanics behind its management remain largely haphazard. That’s where Lanes & Planes shines. They’ve concocted a user-centric experience, making corporate travel management a piece of cake. It was evident to us that investing in their vision was the way forward. We’re pumped to be part of their growth story.”
