Saltmine Secures $20 Million in Series A Funding to Revolutionize Workplace Management for Global Corporations
Saltmine, a leading enterprise workplace platform, has secured $20 million in Series A funding to further its mission of transforming workplace management for global corporations. This significant investment was led by JLL Spark, the strategic investment arm of commercial real estate services firm JLL, along with participation from existing investors Jungle Ventures and Xplorer Capital.
Founded in 2017 by Shagufta Anurag, Saltmine is headquartered in San Francisco and has grown to serve a diverse client base, including major corporations like PG&E, Snowflake, and Workday. The company’s innovative platform integrates data, people, and processes to help businesses create effective and dynamic workspaces that enhance collaboration, improve the employee experience, and reduce costs.
The COVID-19 pandemic has dramatically altered the employee-workplace relationship, leading to unprecedented levels of complexity and a pressing need for companies to optimize their tailored portfolios for the new normal. Saltmine’s platform addresses this need by providing comprehensive workplace data, including strategy, design, pricing, and portfolio analytics, all in one place. By combining real-time data from utilization sensors and employee sentiment information, Saltmine empowers its customers to make informed decisions that enhance workplace collaboration, improve the employee experience, and reduce costs.
Shagufta Anurag, Founder and CEO of Saltmine, emphasized the importance of this funding, stating, “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. Their support is paramount as we enable our customers to digitally transform and optimize their portfolio and bring employees safely back to work in a space that supports the future of work.”
The partnership with JLL is particularly significant, as 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. Yishai Lerner, co-CEO of JLL Technologies, highlighted the strategic value of this partnership, saying, “Saltmine seamlessly aggregates workplace data from sensors and other services into actionable insights to help adapt to the changing office environment. We’re thrilled to back and partner with Saltmine as it continues on its journey to be the leading platform for workplace strategy, planning, design, and management.”
With this new funding, Saltmine plans to invest in talent and expand its portfolio of Global 2000 companies, many of which are seeking to reinvent their offices in a resilient, hybrid manner amid the global pandemic. The company has also announced key additions to its leadership team, including Jim Baum joining its Board of Directors and Shawn Green joining as Chief Revenue Officer. These appointments bring extensive experience in leading growth at innovative technology firms and enterprise sales and leadership, respectively.
Saltmine’s growth and success are a testament to its innovative approach to workplace management. By leveraging data-driven insights and cutting-edge technology, the company is helping corporations around the world create spaces where their employees love to work. With this significant funding and strategic partnerships, Saltmine is poised to continue its mission of transforming the workplace experience for the future of work.