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‘Co-Warehouse’ Company Saltbox Closes $35M Series B

Nov 29, 2022almost 3 years ago

Amount Raised

$35 Million

Round Type

series b

AtlantaSupply Chain ManagementLogistics

Investors

Kapor CapitalPendulum Holdings

Description

Coworking and warehouse space company Saltbox announced today the closing of a $35 million Series B led by Cox Enterprises and Pendulum Holdings. The news comes more than a year after Saltbox closed a $10.6 million Series A, bringing its total funding to $56 million.

Company Information

Company

Saltbox

Location

Atlanta, Georgia, United States

About

Saltbox solves the hardest parts of running an ecommerce business with human-centric logistic solutions. With a purpose-built network of flexible warehouses in major metropolitan areas, fulfillment centers and on-site services across the country, Saltbox addresses the most critical challenges ecommerce entrepreneurs face when starting, growing, and scaling their businesses.

FundzWatch™ Score

85
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech