Separator

Saltmine Raises $20 Million in Series A Funding; to Expand across Asia Pacific

Separator
Workplace management platform, Saltmine has raised $20 million (about Rs 144.8 crore) in a funding round led by JLL Spark, the strategic investment arm of commercial real estate services firm JLL. The round also saw participation from existing investors, Jungle Ventures and Xplorer Capital. A company statement specified that the fresh capital will be invested towards talent acquisition, with a focus on growing its sales, customer success, product and engineering team.

Further, JLL has entered in an agreement with Saltmine to sell the startup’s workplace management software to its customers. This move will help Saltmine create an extensive distribution channel for its platform.

The workplace management company also announced the appointment of Jim Baum onto its Board of Directors and Shawn Green as the company's Chief Revenue Officer.

Saltmine is a real estate technology startup focused at transforming the workplace design process. The founded in 2017 by Shagufta Anurag, the platform has been adopted by various global corporate real estate brands such as Workday, Intuit and BlackRock. Headquartered in San Francisco, Saltmine is looking at expanding its client base in India, which remains a stable and attractive office-property market despite the COVID-19 setback last year. The company aims to accelerate its growth in Asia-Pacific — particularly in markets like Australia, Hong Kong, and Singapore.

Shagufta Anurag, Founder & CEO, Saltmine 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.”