Workplace design startup Saltmine raises US$20m funding

SALTMINE, a platform which allows users to design and manage their workplace online, has raised US$20 million in a Series A round for expansion in the Asia-Pacific.

Investors that participated in the round include Singapore-based Jungle Ventures and Xplorer Capital, as well as JLL Spark, the strategic investment arm of commercial real estate services firm JLL.

JLL has also agreed to sell the startup's software directly to its customers, said Saltmine. Existing corporate clients include global firms such as Workday, Fidelity, PG&E and Snowflake, among others.

The fresh funds will be used to deepen its presence in markets such as Singapore, Australia, Hong Kong and India, Saltmine said in a statement on Wednesday. The company also plans to hire more than 100 employees globally over the next year, of which 30 employees will be from Singapore. These will likely be from sales, customer success, product and engineering teams, said San Francisco-based Saltmine.

Founded in 2017 by Singaporean Shagufta Anurag, Saltmine has over 125 employees in five offices across Asia, Europe and North America.

Prior to founding Saltmine, Ms Anurag previously set up interior design company Space Matrix as well as co-founded interior design tech startup Livspace.

Saltmine's platform houses all workplace data - including strategy, design, pricing and portfolio analytics. It then helps companies to use this data to plan their workspaces. This could bring down costs and improve the "employee experience", it said.

Chief executive and founder Ms Anurag noted that Saltmine could play an important role since both people and real estate are often the two largest cost items for companies.

"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 optimise their portfolio and bring employees safely back to work in a space that supports the future of work," she added.

David Gowdey, managing partner of Jungle Ventures, said: "(Saltmine's) 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."