Co-working and warehouse space brand Saltbox has officially announced that they have closed a $35 million Series B funding round led by Cox Enterprises and Pendulum Holdings, a year following their Series A round close.
Around this time last year, Saltbox, which was founded in 2019, closed a $10.6 million Series A, bringing its total funding to $56 million.
“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,” SaltBox CEO Tyler Scriven said, according to TechCrunch. “Our goal is to create a frictionless end-to-end logistics ecosystem that is incredibly accessible and approachable to small businesses.”
“Our customers made it clear to us that Saltbox was essential,” Scriven said.
“One of the principal ways through which we are expanding our brand presence and brand awareness is through filling that knowledge gap,” he said. “Becoming not only an operational vendor and partner to these companies, but also a source of knowledge and inspiration, a source of confidence to approach this critically important aspect of their business.”