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Home News Coworking

Saltbox Secures $35 Million For Expansion And Software Development

The Series B comes a little over one year after the company closed a $10.6 million Series A round, bringing its total funding to $56 million.

Aayat AlibyAayat Ali
November 29, 2022
in Coworking
Reading Time: 1 min read
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Saltbox Secures $35 Million For Expansion And Software Development
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Saltbox offers members access to coworking-adjacent amenities, as well as shipping and storage services many small businesses require for substantial growth.   

The Series B comes a little over one year after the company closed a $10.6 million Series A round, bringing its total funding to $56 million. 

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“We’ve made a lot of progress over our first three years in physical infrastructure and service, and we are now going to increase our focus on software,” said Tyler Scriven, CEO of Saltbox.  

“Our goal is to create a frictionless end-to-end logistics ecosystem that is incredibly accessible and approachable to small businesses.” 

The funding will be used towards opening three new locations in Miami, Minneapolis and Phoenix, as well as growing its software services.   

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“It’s a basic necessity to ensure that SMBs have access to a highly accessible, highly approachable, human-centric logistics platform that can really meet them where they are and ensure they remain not only competitive but ultimately thrive,” Scriven added. 

“This is a problem that must be solved, and it is not optional to solve the problem.” 

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Source: TechCrunch
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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