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Salt Labs

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Salt Labs is on a mission to enable hourly workers to own the long-term value of their work

New York City, United StatesFounded 2022Fintech
Valuation $50–100M Last recorded · 2023
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Salt Labs and the history behind them.

About Salt Labs

Salt Labs is a forward-thinking startup dedicated to transforming the way hourly workers perceive and benefit from their labor. The company has developed an innovative app that goes beyond the traditional paycheck, offering a modern rewards program tailored for today's workforce. This app enables users to convert their working hours into tangible rewards, thus capturing the true value of their efforts.

Salt Labs primarily serves hourly workers across various industries, including gig workers, freelancers, and employees in sectors such as healthcare, construction, and transportation. By addressing the needs of these diverse clients, Salt Labs operates in the burgeoning market of workforce management and employee engagement.

The business model of Salt Labs revolves around its unique rewards system. Users accumulate rewards based on the hours they work, which can then be used to grow their balance, share with loved ones, or save for future needs. This model not only motivates workers but also provides them with a sense of ownership and long-term value from their labor.

Salt Labs generates revenue through partnerships with employers and businesses that wish to offer this rewards program to their employees. Additionally, the company may earn income from transaction fees or premium features within the app. By creating a win-win scenario for both workers and employers, Salt Labs is positioned to capitalize on the growing demand for innovative employee benefits.

In summary, Salt Labs is revolutionizing the way hourly workers are rewarded, offering a comprehensive and engaging solution that enhances worker satisfaction and loyalty.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2022
Headquarters
New York City, United States
Employees
23
Open positions
None listed
Dealroom signal
91.2/100
Industry
Fintech
Sector
Fintech
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Jun 2024 $0 — Chime ↗
SEED✓Equity / VC Dec 2023 $8M $50M Third Prime Capital ↗
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Salt Labs website traffic

Latest recorded traffic for Salt Labs is 15K monthly website visits, down 6.3% over the last three months. Salt Labs's team grew 0% over the past year.

Latest monthly visits15K 3-month web change-6.3% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • Fin Capital
  • Anthem Venture Partners
  • Third Prime Capital

Other known investors1 additional known investor

  • Chime
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · New York City HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Salt Labs on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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