# Lanes & Planes

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lanes-planes

- Industry: Software
- Headquarters: Munich, Germany
- Website: www.lanes-planes.com/
- Total disclosed funding: $35M
- Latest round: Series B (Sep 27, 2023)
- Investors on record: 7

## About

Lanes & Planes GmbH, based in Germany, operates as a provider of business-focused travel and expense management solutions, facilitating seamless booking and management of corporate travel arrangements.Founded in 2017 and headquartered in Munich, Germany, Lanes & Planes GmbH specializes in travel management services. The company has executed 4 deals as of September 2023, including a recent Series B funding round that raised EUR 33.2 million, led by Smash Capital. Lanes & Planes GmbH's current valuation is EUR 110.70 million post-money.Lanes & Planes specializes in providing comprehensive travel and expense management solutions tailored for businesses. Their core offerings include an all-in-one platform that streamlines the booking of travel arrangements such as trains, flights, car rentals, and accommodations, allowing users to complete reservations in as little as five minutes. The platform also features a mobile application, the Lanes & Planes App, which provides real-time updates and support during travels, ensuring users are equipped to handle any disruptions, such as delays or cancellations. The service integrates seamlessly with ERP and HR systems to automate accounting processes post-travel, thereby enhancing efficiency for finance teams. Lanes & Planes primarily serves a diverse clientele, including over 1,000 businesses across Europe, facilitating effective travel management for companies of varying sizes that require robust solutions in corporate travel.Lanes & Planes generates revenue through a subscription-based model that caters to businesses needing travel management services. Clients typically subscribe to their platform, granting access to the various features and functionalities, including personalized travel planning and expense management. The company also engages in partnerships that enhance its service offerings, thereby creating additional revenue streams. Although specific pricing plans for different tiers of service are not disclosed, the platform is designed to accommodate various client needs, from small enterprises to large corporations. This structure allows for tailored solutions that align with the financial management and operational requirements of its diverse customer base, ensuring that clients can maximize their travel investment while maintaining compliance and efficiency.In September 2023, Lanes & Planes GmbH raised EUR 33.2 million in Series B funding, which will be used to accelerate its expansion and growth in the corporate travel sector. The company is focusing on enhancing its product offerings and may roll out new services in the near future. Lanes & Planes is also strategizing to expand into new geographic regions, with specific markets to be targeted for growth in the upcoming year.

## Funding rounds

- Series B, Sep 27, 2023, $35M — Battery Ventures, DN Capital, Connect Ventures, All for One Group SE, Coparion, Smash Capital, Tripclick Pro Pooling GbR
- Seed, May 4, 2018 — Connect Ventures

## Investors

- Connect Ventures — Seed, Series B
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B
- DN Capital (https://capitalatlas.ai/funds/dn-capital) — Series B
- All for One Group SE — Series B
- Coparion (https://capitalatlas.ai/funds/coparion) — Series B
- Smash Capital (https://capitalatlas.ai/funds/smash-capital) — Series B
- Tripclick Pro Pooling GbR — Series B