HomeUSASaltmine Raises $20M in Series A Funding

Saltmine Raises $20M in Series A Funding

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Saltmine, a San Francisco, CA-based end-to-end digital workplace platform enabling corporations to optimize their office space, raised $20m in Series A funding.

Backers included JLL Spark, the strategic investment arm of commercial real estate services firm JLL, and existing investors Jungle Ventures and Xplorer Capital.

In addition to its capital investment, JLL has entered into an agreement to sell Saltmine’s software¬†directly to its customers.

The company intends to use the funds to continue to invest in talent and expand its portfolio of Global 2000 companies.

Founded in 2017 by Shagufta Anurag, CEO, Saltmine allows customers to make informed decisions to enhance workplace collaboration, improve the employee experience and reduce costs. Its platform houses all workplace data¬†‚Ästincluding strategy, design, pricing, and portfolio analytics ‚Äď in one place. By combining real-time data aggregated from utilization sensors and employee sentiment information, Saltmine is an essential tool for any company looking to continuously optimize and make their workplace more agile and responsive to changing employee needs and business goals.

Corporate clients include PG&E, Snowflake, Fidelity and Workday, among other firms. The company has more than 125 employees in five offices across Asia, Europe and North America.

In addition to its capital investment, JLL has entered into an agreement to sell Saltmine’s software¬†directly to its customers. Through its work with JLL and other major commercial real estate and design firms including Cushman & Wakefield, Newmark,¬†Interior Architects and Space Matrix, the company has created a series of network effects, quickly establishing itself in a new category of enterprise cloud technology.

Saltmine also announced today that¬†Jim Baum¬†will join its Board of Directors and¬†Shawn Green¬†will join as the company’s Chief Revenue Officer.

FinSMEs

24/02/2021