The Web3 solution is intended to simplify startup stock option programs for remote employees. The project offers a solution that replaces traditional employee option programs with distributable tokens using a smart contract.
The round was led by the Nordic VC ByFounders, Berlin-based crypto VC Blockwall, New York-based Box Group, crypto fintech company 3Commas, and angel investors such as Liu Jiang (ex-Sequoia GP) and Alex Gluchkowski (founder of ZkSync).
The startup was founded by the co-founder of the Estonian unicorn “Pipedrive”, Ragnar Sass, and the head of his other project, Kyiv-based coworking LIFT99, Tanya Chaikovska.
“Our goal is helping founders to build more global remote companies, where every single employee will receive their fair share of company success. Salto X team has been a remote company from day 1. Our team is divided between Estonia, Latvia & Ukraine; so we know the pain very personally,” Salto X CEO Ragnar Sass says.
