# Saltbox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/saltbox

- Industry: Logistics & Distribution
- Headquarters: Atlanta, US
- Website: www.saltbox.com
- Total disclosed funding: $49M
- Latest round: Series B (Nov 29, 2022)
- Investors on record: 14

## About

Saltbox, Inc. provides flexible workspaces and logistics solutions, primarily catering to entrepreneurs and small to medium-sized enterprises in the e-commerce sector.Founded in 2019, Saltbox, Inc. operates from Atlanta, US, offering customized workspace and logistics solutions for businesses. The company was established by Khurram I, Maxwell Bonnie, Paul D, and Tyler Scriven, with Tyler Scriven currently serving as CEO. Saltbox has raised a total of USD 35.00 mn through 4 funding rounds, with the latest being a Series B funding of USD 35.00 mn on November 29, 2022. Notable investors in this round included Colliers, Cox Enterprises Inc., and Flexport Ventures, among others.Saltbox specializes in providing flexible workspaces and logistics solutions tailored for entrepreneurs and small to medium-sized enterprises, particularly those in the e-commerce sector. Their core offerings include customizable warehouse and office suites, ranging in size from 70 to over 5,000 square feet. The services designed for these spaces encompass shipping and receiving support, in-suite pick and pack services, and access to professional content creation studios. By eliminating the need for long-term leases, Saltbox addresses the challenges faced by start-ups and growing businesses that require scalable solutions without the burden of fixed overheads. Saltbox serves a diverse client base including solopreneurs, small businesses, and larger teams across various geographical markets, notably in major urban centers, such as Los Angeles, Atlanta, and Miami, facilitating operations across the United States.Saltbox generates revenue through a membership model that includes flexible access plans for its workspaces and logistics services. Clients can engage in transactions for the rental of office and warehouse suites, in addition to utilizing various on-demand services such as shipping, inventory management, and content studio access. Pricing structures are designed to cater to different business needs, with varying costs based on the size of the workspace and the specific services utilized, such as in-suite pick and pack services starting at USD 3 per order. The company’s logistics solutions provide additional revenue through streamlined shipping options that enhance service offerings for product-based businesses. Saltbox's comprehensive approach facilitates B2B and direct-to-consumer transactions, promoting efficiency for clients striving to scale their operations.In November 2022, Saltbox, Inc. raised USD 35.00 mn in Series B funding, with plans to utilize this capital to further develop its logistics platform and expand its business reach. The company aims to introduce new products that cater to the evolving needs of its clientele. Additionally, Saltbox seeks to explore expansion into new geographic markets, specifically targeting urban centers to enhance their footprint across the United States.

## Funding rounds

- Series B, Nov 29, 2022, $35M — Cox Enterprises Inc., Kapor Capital, Playground Ventures, Lincoln Property Company, XYZ Ventures, Wilshire Lane Capital, Overline, FundRise Investment, Colliers, MarcyPen Capital Partners, Flexport Ventures
- Series A, Apr 15, 2021, $11M — Playground Ventures, MetaProp, XYZ Ventures, Village Global, Wilshire Lane Capital
- Seed, Sep 3, 2019, $3.2M — Kapor Capital, Arena Ventures, MetaProp, Village Global
- Seed, Jun 1, 2019 — MetaProp, Village Global

## Investors

- MetaProp (https://capitalatlas.ai/funds/metaprop) — Seed, Series A
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed, Series A
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Seed, Series B
- Arena Ventures (https://capitalatlas.ai/funds/arena-ventures) — Seed
- Playground Ventures (https://capitalatlas.ai/funds/playground-ventures) — Series A, Series B
- XYZ Ventures (https://capitalatlas.ai/funds/xyz-ventures) — Series A, Series B
- Wilshire Lane Capital (https://capitalatlas.ai/funds/wilshire-lane-capital) — Series A, Series B
- Cox Enterprises Inc. — Series B
- Lincoln Property Company (https://capitalatlas.ai/funds/lincoln-property-company) — Series B
- Overline (https://capitalatlas.ai/funds/overline) — Series B
- FundRise Investment — Series B
- Colliers — Series B
- MarcyPen Capital Partners (https://capitalatlas.ai/funds/marcypen-capital-partners) — Series B
- Flexport Ventures (https://capitalatlas.ai/funds/flexport-ventures) — Series B