Series B for Lanes & Planes for USD 35 million led by Smash Capital

Photo: Veit Blum­schein (CEO) and Daniel Nolte (CTO), the foun­ders of Lanes & Planes © Lanes & Planes
1. Novem­ber 2023

Berlin / Munich — Travel soft­ware company Lanes & Planes announ­ces €33 million ($35 million) Series B finan­cing to fuel growth. The round was led by US venture capi­tal fund Smash Capi­tal. Exis­ting inves­tors Battery Ventures, Copa­rion, DN Capi­tal and AllI­ron also parti­ci­pa­ted in the round. The invest­ment is expec­ted to support Lanes & Planes’ growth and expan­sion efforts.

Accor­ding to its own data, the startup has increased its reve­nue by more than nine times since the begin­ning of 2022. With the Series B finan­cing, the company aims to increase its reach as well as expand inno­va­tive solu­ti­ons tail­o­red to the needs of busi­ness travelers.

Lanes & Planes is one of the first travel manage­ment solu­ti­ons as soft­­ware-as-a-service that fully digi­tally maps all areas of busi­ness travel, an all-in-one solu­tion for busi­ness travel. The start-up was foun­ded in 2017 by Dr. Veit Blum­schein and Daniel Nolte and is based in Munich. The tool provi­des a compre­hen­sive soft­ware solu­tion for compa­nies to effi­ci­ently manage travel services, bookings, billing and expense reports. Orga­niza­ti­ons bene­fit from compre­hen­sive report­ing capa­bi­li­ties and secure rights manage­ment accor­ding to their poli­cies, while still saving up to 33% on costs.

The freshly raised capi­tal is to be used to inten­sify the Euro­pean growth stra­tegy and to expand the team in terms of personnel.

Consul­tant Lanes & Planes: YPOG

Dr. Benja­min Ullrich (Co-Lead, Tran­sac­tions), Part­ner, Berlin Tobias Lovett (Co-Lead, Tran­sac­tions), Senior Asso­ciate, Berlin Farina Weber (Tran­sac­tions), Asso­ciate, Berlin

About Battery Ventures

Battery part­ners with excep­tio­nal foun­ders and manage­ment teams deve­lo­ping ground­brea­king compa­nies in soft­ware and services, enter­prise infra­struc­ture, consu­mer tech­no­logy, health­care IT, indus­trial tech­no­logy, and life science instru­men­ta­tion. Foun­ded in 1983, the company supports compa­nies at all stages, from seed and early stage to growth and buyout, and invests globally from offices in Boston, San Fran­cisco, Menlo Park, New York, London and Tel Aviv.

About copa­rion

copa­rion is a venture capi­tal fund for early growth stage start­ups focu­sed on SaaS and tech­­no­­logy-enab­­led market­place models. The fund supports them in growing quickly and sustain­ably over seve­ral rounds of finan­cing. Toge­ther with other inves­tors, copa­rion invests in the compa­nies. The fund does not take the lead, but plays an active role as a share­hol­der or advi­sory board to support the compa­nies. copa­rion has inves­ted in leading start-ups such as Clark, Grover, Holidu and Plan A.

About DN Capital

DN Capi­tal is a leading Euro­pean early stage venture capi­tal firm with offices in London, Berlin and Sili­con Valley. The firm focu­ses on Series A invest­ments in soft­ware, fintech, markets and consu­mer inter­net. DN Capital’s mission is to help entre­pre­neurs become global market leaders. DN has been an early stage inves­tor in leading global compa­nies such as Auto1, Shazam, Endeca, Incode, Go Student, Job and Talent, Mister Spex, Home­togo, OLX, Remitly, Quan­doo and Yassir.

About Connect Ventures

Connect is a thesis-driven venture fund. The company invests in Europe’s leading product compa­nies that deve­lop compel­ling products, made with passion and appre­cia­ted by many. Its invest­ments include Type­form, Khei­ron, Oyster, Life­bit and True­layer. The fund invests in the pre-seed and seed stages in the consu­mer, health­care, B2B Saas and fintech sectors. Toge­ther, they are exci­ted about the power of products to change people’s lives.

About YPOG

YPOG is a specia­list tax and commer­cial law firm opera­ting in the core areas of Funds, Tax, Banking & Finance and Tran­sac­tions. The YPOG team advi­ses a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. YPOG is one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners are natio­nally and inter­na­tio­nally ranked by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. Today, YPOG employs more than 100 expe­ri­en­ced lawy­ers, tax advi­sors, tax specia­lists and a notary in three offices in Berlin, Hamburg and Cologne.


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