About Salt Labs
Salt Labs is a company based in New York (United States) founded in 2022 was acquired by Chime in June 2024.. Salt Labs has raised $18 million across 2 funding rounds from investors including Chime, Third Prime and Fin Capital. Salt Labs offers products and services including Salt App. Salt Labs operates in a competitive market with competitors including Businessolver, Justworks, PlanSource, Beam and Zenefits, among others.
- Headquarter New York, United States
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Sectors
TechnologyHealthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Chime Financial, Inc.
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Products & Services of Salt Labs
Salt Labs offers a comprehensive portfolio of products and services, including Salt App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for logging work hours and redeeming points for various rewards.
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Funding Insights of Salt Labs
Salt Labs has successfully raised a total of $18M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $8 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $8.0M
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First Round
First Round
(29 Mar 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2023 | Amount | Seed - Salt Labs | Valuation | Third Prime |
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| Mar, 2023 | Amount | Seed - Salt Labs | Valuation | Fin Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Salt Labs
Salt Labs has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Chime, Third Prime and Fin Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are funded by Third Prime venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech and B2B SaaS companies
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Founded Year | Domain | Location | |
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Early-stage tech startups in Southern California are invested in.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Salt Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Salt Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Salt Labs Comparisons
Competitors of Salt Labs
Salt Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Businessolver, Justworks, PlanSource, Beam and Zenefits, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based employee benefits administration solutions are delivered.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based HR and benefits administration is offered for SMBs.
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| domain | founded_year | HQ Location |
Health insurance solutions for employees are delivered through digital platforms.
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll management solutions are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Salt Labs
Frequently Asked Questions about Salt Labs
When was Salt Labs founded?
Salt Labs was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Salt Labs located?
Salt Labs is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Salt Labs a funded company?
Salt Labs is a funded company, having raised a total of $18M across 2 funding rounds to date. The company's 1st funding round was a Seed of $10M, raised on Mar 29, 2023.
What does Salt Labs do?
Salt Labs was founded in 2022 in New York, United States, as an online platform in the HR technology sector. Contingent workforce management is facilitated, with a focus on employee benefits through a rewards program. Time is collected by employees, performance is tracked, and shift credits are transferred into incentives, awards, and prizes. The platform is available for download from the Apple Store.
Who are the top competitors of Salt Labs?
Salt Labs's top competitors include Businessolver, Beam and GoCo.io.
What products or services does Salt Labs offer?
Salt Labs offers Salt App.
Who are Salt Labs's investors?
Salt Labs has 4 investors. Key investors include Chime, Third Prime, Fin Capital, and Anthem Venture Partners.
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