Saltmine, an end-to-end digital workplace platform, has raised $20 million in new funding. The Series A 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 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 distribution channel for Saltmine’s platform.
“Real estate is the second largest cost for companies and has a direct impact on their largest cost – their people,” said Shagufta Anurag, Founder & CEO of Saltmine. “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.”
Saltmine’s corporate clients include PG&E, Snowflake, Fidelity and Workday, among other firms. With its new financing, Saltmine will continue to invest in talent and expand its portfolio of Global 2000 companies.
“We strive to deliver innovative technology solutions to modernize legacy processes and address the biggest pain points in commercial real estate,” said Yishai Lerner, co-CEO of JLL Technologies, the technology division of JLL. “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.”
Saltmine has also announced that Jim Baum will join its Board of Directors and Shawn Green will join as the company’s Chief Revenue Officer.
Mr. Baum, who currently serves as an Executive-in-Residence at General Catalyst as well as Chairman of the data company Cazena, has more than 25 years of experience in leading growth at innovative technology firms. Mr. Baum previously led Dyn, which was acquired by Oracle, and Netezza, an IBM company. Mr. Green brings enterprise sales and leadership experience to his new role as CRO, where he will be integral to further establishing Saltmine’s presence in North America.
Founded in 2017 to serve a global client base, Saltmine has grown to have more than 125 employees in five offices across Asia, Europe and North America.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.