SaaS startup Saltmine raises US$20m in Series A funding round

The funding round was led by Singapore-based Jungle Ventures.

Singapore-based venture capital firm Jungle Ventures led SaaS startup Saltmine’s Series A funding round that raised more than $$26.38m (US$20m).

The round also saw a new investment from JLL Spark, the investment arm of commercial real estate services firm JLL. JLL has also entered into an agreement to sell Saltmine’s software directly to its customers.

Founded in 2017, the US-based startup will use the new funding to continue its investment in talent acquisition – with a focus on growing its sales, customer success, product and engineering team in Singapore. It will also expand its portfolio of Global 2000 companies. In addition, this will accelerate the firm’s growth in Asia Pacific, particularly in markets like Australia, Hong Kong, India, and Singapore.