{"id":95286,"date":"2023-10-18T16:54:00","date_gmt":"2023-10-18T14:54:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=95286"},"modified":"2023-10-18T15:13:01","modified_gmt":"2023-10-18T13:13:01","slug":"lanes-planes-closes-series-b","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/95286\/lanes-planes-closes-series-b\/","title":{"rendered":"Lanes & Planes closes Series B"},"content":{"rendered":"
\n

Lanes & Planes specializes in B2B solutions for business travel in Europe. With an all-in-one approach, the startup<\/a> to manage travel bookings, approvals and expense management in one digital platform<\/a>, which enables integration into all existing corporate systems.<\/p>\n\n\n\n

The company has now announced a \u20ac33 million ($35 million) Series B investment led by US investor Smash Capital. Existing investors Battery Ventures, Coparion, DN Capital, and AllIron also participated in the round. The investment is intended to support Lanes & Planes' growth and expansion efforts.<\/p>\n\n\n\n

According to the startup, it has increased its revenue more than ninefold since the beginning of 2022. With the Series B financing, the company aims to expand its reach and develop innovative solutions tailored to the needs of business travelers. Daniel Nolte<\/strong>, co-founder of Lanes & Planes, says:<\/p>\n\n\n\n

"We continually receive feedback, especially from our new customers, that Lanes & Planes has made them more efficient\u2014both in terms of costs and the time they save through simplified and less tedious administration. We've built a compelling product that has led to strong customer loyalty. Now we're in an excellent position to scale quickly and efficiently in the European business travel market."<\/p><\/blockquote>\n\n\n\n

Brad Twohig<\/strong>, Managing Partner at Smash Capital, comments:<\/p>\n\n\n\n

"Business travel spending will return to pre-pandemic levels in 2024, yet managing and booking business travel remains largely dysfunctional and inefficient. The Lanes & Planes team has developed a solution that makes life easier for customers: a seamless, transparent, and well-thought-out way to book and manage business travel. Investing in Lanes & Planes was a natural fit for us, and we look forward to supporting the company in its expansion."<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"

Travel software company Lanes & Planes announces \u20ac33 million ($35 million) in Series B funding to fuel growth.<\/p>","protected":false},"author":42,"featured_media":59298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,3144],"acf":[],"yoast_head":"\nLanes & Planes schlie\u00dft Series-B ab - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das Reisesoftware-Unternehmen Lanes & Planes k\u00fcndigt eine Serie-B-Finanzierung in H\u00f6he von 33 Millionen Euro (35 Millionen Dollar) an.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/95286\/lanes-planes-closes-series-b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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