Lanes & Planes Secures Double-digit Million Euro Financing From BBVA to Fuel Growth
The financing agreement, closed at the end of 2025, aims to support the scaling of Lanes & Planes, the leading provider of digital solutions for mid-market business travel and expense management. The facility will serve to finance the company's growth.
BBVA has granted a double-digit million euro growth debt to Lanes & Planes, reaffirming the German-based company key positioning, combining complex travel and expense workflows into a single CFO SaaS platform. This strategic facility allows the Munich-based company to focus on its ambitious growth plans in 2026 and beyond by providing the necessary liquidity to finance the planned growth.
Lanes & Planes offers an Enterprise-grade travel and expense SaaS platform, built as the system of record for this purpose. The company has tripled in revenue in the last three years, expanded its mid-market customer base and signed large enterprise customers in 2025. Since its founding in 2017, Lanes & Planes is backed by renowned international investors, such as Smash Capital, Battery Ventures, DN Capital and Coparion.
Lanes & Planes enables companies to reduce their travel costs by up to 30% while automating workflows from booking to accounting. At the same time, the platform ensures a convenient and safe travel experience as well as a low-friction spend management UX for employees. Over 1,500 companies from all sectors, including Enpal, Personio and the edding Group, already use Lanes & Planes for their business travel management.
“At BBVA, we aim to support innovative and ambitious companies with strong long-term potential, most of which have technology as a core component of their value proposition. Lanes & Planes is a perfect example of the kind of company we look for,” said Donatella Callegaris, Head of Venture & Growth Lending at BBVA in Europe. “We are proud to have signed this debt financing that will support the company's significant growth plan. BBVA aims to be a long-term financing partner for Lanes & Planes and we are delighted to work with Veit, Daniel and the team as well as their strong equity investors. For BBVA, this marks our second deal in the German ecosystem,” she added.
For his part, Veit Blumschein, CEO and co-founder of Lanes & Planes says, “We are thrilled to partner with BBVA and appreciate the strong vote of confidence in our business. This financing is a significant milestone that provides us with the financial flexibility to further scale our end-to-end solutions in 2026 and beyond. Having a renowned international partner like BBVA by our side allows us to focus on what we do best: revolutionising business travel and expense management for mid-market companies across Europe.”
With this new agreement, BBVA’s business unit dedicated to high-growth companies signs its second growth financing agreement in Germany after entering the market with Roadsurfer on a €25 million venture debt transaction last July. It also reaffirms its commitment to European fast-growing companies after having signed its first operations in Finland with Bob W, in the UK with Plum and in Portugal with Casafari.