Munich-based Lanes & Planes, an all-inclusive business travel portal, raises €8.9 million in Series A funding

Travel May 30, 2020
Munich-based Lanes & Planes, an all-inclusive business travel portal, raises €8.9 million in Series A funding

One platform for all business travels. Lanes & Planes offers a first, all-in-one solution primarily to medium and large sized companies, comprehensively covering all aspects of business travel digitally.

The funding round was led by Battery Ventures, a global technology investment firm, with participation from DN Capital and current investor Connect Ventures.

Founded in mid 2017 by Veit Blumschein and Daniel Nolte, the travel platform provides a comprehensive list of integrated business travel services, such as, travel offers search and booking, cancellation and reimbursement, mobile travel companion and ticket wallet (as app), travel expense reports and receipt management, central payment and invoicing, rights and travel policies, large-scale reporting and controlling, bundled with support by trained travel agents.

While the Lanes & Planes service is available globally, the current market focus is Germany which represents a sizeable annual market opportunity of €40 billion. The fresh capital will be used primarily to continue strong customer growth in this market, as well as improve the product offering.

Battery Ventures is a global, technology-focused investment firm with interests in application software, IT infrastructure, consumer internet/mobile & industrial technology.

DN Capital is a global early-stage venture firm, with an experienced team passionate about technology and working with exceptional entrepreneurs.

Connect Ventures is a venture capital firm specialized in investments in seed, startup, series A, and early-stage companies.

Glen Smale

Glen Smale is a full stack software engineer, entrepreneur and content editor @bundupress. When not writing about tech startups and software trends he works on software projects

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