Jungle Ventures joins Saltmine’s US$20M Series A round to bring enterprise digital workplace solutions into Asia
Saltmine, a San Francisco-based digital workplace platform, announced today it has raised US$20 million in Series A funding from JLL Spark, the strategic investment arm of commercial real estate services firm JLL, and existing investors Jungle Ventures and Xplorer Capital .
Besides its capital investment, JLL has entered into an agreement to sell Saltmine’s software directly to its customers.
With the new financing, Saltmine will continue to invest in talent acquisition, with a focus on growing its sales, customer success, product and engineering team in Singapore.
It will also seek to expand its portfolio of clients and accelerate growth in Asia Pacific, particularly in markets such as Australia, Hong Kong, India and Singapore.
Founded in 2017, Saltmine helps companies enhance workplace collaboration, improve employee experience and reduce costs. Its platform combines data aggregated from utilisation sensors and employee sentiment information to help companies optimise and make their workplace “more agile”.
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The startup claims it has grown to more than 125 employees and its clientele base include firms such as Workday, Fidelity and Snowflake.
Commenting on the investment, David Gowdey, Managing Partner of Jungle Ventures said, “Saltmine is an example of this region’s ability to build leading 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.”
Founder & CEO Anurag said, “Real estate is the second-largest cost for companies and has a direct impact on their largest cost –their people. The support of our investors is paramount as we enable our customers to digitally transform and optimise their portfolio and bring employees safely back to work in a space that supports the future of work.”
Saltmine also announced the appointment of Jim Baum to its Board of Directors and Shawn Green as Chief Revenue Officer. Baum currently serves as an Executive-in-Residence at General Catalyst as well as Chairman of the data company Cazena.
Green will be tasked to further establish Saltmine’s presence in North America.
Image Credit: Saltmine
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