Salt Labs today announced Third Prime has invested $8 million in the company. This brings the company's total funding to $18 million across its pre-Seed and Seed financings. With this capital, the company plans to bring Salt to employers as a catalyst for enhancing retention and productivity.

The mission of Salt Labs is to enable hourly workers to own the long-term value of their work. We envision a future where workers can capture the value of their work beyond their hourly wage, leading to long-term wealth creation and a more engaged workforce. To achieve this mission, we've built a first-of-its-kind loyalty earned asset that leads to higher levels of retention and productivity.