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New Deal


Announced

Completed

Smash Capital led a $35m round in Lanes & Planes.

Financials

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Transaction Value£27m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

software company

Software

Acquisition

Cross Border

Private

Minority

Private Equity

Venture Capital

Completed

Friendly

Single Bidder

Synopsis

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Smash Capital, a later-stage investment firm, led a $35m round in Lanes & Planes, a SaaS provider specializing in efficient B2B solutions for corporate travel, with participation from Battery Ventures, coparion, DN Capital and AllIron. “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. We have built a compelling product that has resulted in incredibly customer loyalty, and now, we are in an excellent position to scale rapidly and efficiently in the European corporate travel market," Daniel Nolte, Lanes & Planes Co-Founder.

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