Software as a Service provider?Lanes & Planes?has?secured $35 million in a Series B funding round.

The Germany-based company, which specialises in B2B corporate travel solutions in Europe, said the investment will fund expansion plans and ¡°further enhance its innovative solutions¡±.

The funding round was led by US-based Smash Capital, while existing investors?Battery Ventures, coparion, DN Capital and AllIron also participated in the round.?

Commenting on the funding round, Lanes & Planes co-founder Daniel Nolte said: ¡°We have built a compelling product that has resulted in incredible customer loyalty, and now, we are in an excellent position to scale rapidly and efficiently in the European corporate travel market.¡±

¡°Investing in Lanes & Planes was a no brainer for us, and we are excited to partner with them as they expand,¡± said Brad Twohig, managing partner at Smash Capital.

¡°Spending on business travel will top pre-pandemic levels in 2024, but the actual management and booking of business travel continues to be largely dysfunctional and inefficient. The team at Lanes & Planes has built an experience that focuses on making life easier for the customer, with a seamless, transparent, and thoughtful way to book and manage business travel,¡± he added.

Lanes & Planes, which ranked as the 16^th largest TMC in Germany in BTN Europe¡¯s Leading TMCs 2023 report, offers an ¡°all-in-one¡± platform for travel bookings, approval and expense management which can be integrated ¡°into all existing company systems¡±. The company also offers a 24/7 in-house support team based in Germany.?