Saltmine raises USD20 million in series a round to transform enterprise workplace management from global investors
Mumbai, Feb 24 (FN Agency) Saltmine, the leading end-to-end digital workplace platform enabling world’s largest corporations to digitally and seamlessly optimise and manage their office space, has announced its USD20 million Series A funding. The round included a new investment from JLL Spark, the strategic investment arm of commercial real estate services firm JLL, as well as participation from existing investors, Singapore-based 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, creating a powerful distribution channel for Saltmine’s innovative platform.
Founded in 2017 to serve a global client base, Saltmine has grown to more than 125 employees in five offices across Asia, Europe and North America – with its headquarters in San Francisco. It is now looking at expanding its client base in India which remains a stable and attractive office-property market despite COVID-19 setback last year. With the new financing from the Series A round, Saltmine will continue to invest in talent acquisition – with a focus on growing its sales, customer success, product and engineering team. It will also expand its portfolio of Global 2000 companies, many of which are seeking to re-invent their offices in a resilient, hybrid manner amid the global pandemic. In addition, this will also accelerate the firm’s growth in Asia Pacific – particularly in markets like Australia, Hong Kong and Singapore.
Commenting on the investment, David Gowdey, Managing Partner of Jungle Ventures said, “Saltmine is an example of Southeast Asia’s ability to build a world-leading, best in class software, which is defining a massive unserved category. Their workplace design software will help large enterprises safely bring employees back into the office, using smart technology. We are proud to partner with Saltmine in their growth journey and support the global team as they scale the business.” Shagufta Anurag, Saltmine’s Founder & CEO, said, “Real estate is the second-largest cost for companies and has a direct impact on their largest cost – their people. We’re thrilled to have the support of our investors who are committed to the creation of great workplace experiences. As organizations continue to mature in India, they are looking to now adopt world-class technology and processes to manage their workplace. The pandemic has accelerated that trend, and we now believe the timing is right to further increase Saltmine’s adoption in this market.”
Saltmine empowers customers to make informed decisions that will help enhance workplace collaboration, improve the employee experience and reduce costs. Its platform houses all workplace data – including strategy, design, pricing, and portfolio analytics – in one place. By combining real-time data aggregated from utilisation sensors and employee sentiment information, Saltmine is an essential tool for any company looking to continuously optimise and make their workplace more agile and responsive to changing employee needs and business goals.