Germany-based Lanes & Planes, a leading provider of software-as-a-service (SaaS) solutions for corporate travel in Europe, announced on Monday, October 16, that it has raised €33M in a Series B round of funding.
The round was led by U.S.-based Smash Capital. Existing investors Battery Ventures, coparion, DN Capital, and AllIron also participated in the funding round.
The Munich-based company delivers innovative solutions for corporate travel experience while focusing on growth and efficiency. With this Series B backing, the company is set to expand its reach and further enhance its innovative solutions for corporate travel needs during rapidly increasing business travel.
“We constantly get feedback, especially from our new customers, on how Lanes & Planes has made them more efficient, in terms of money saved, but also in the time they save from making internal administrative tasks less painful and smoother,” says Daniel Nolte, CTO and co-founder of Lanes & Planes.