- Leading people management platform Lattice announced that it has raised a $45 million Series D growth round of funding
Leading people management platform Lattice announced that it has raised a $45 million Series D growth round of funding led by Tiger Global with participation from Frontline Ventures, Founders Fund, Khosla Ventures, Thrive Capital Partners, Fuel Capital, and Y Combinator. This funding round values Lattice at about $400 million according to Jack Altman, co-founder and CEO of Lattice, in an interview via TechCrunch.
And the funding will be used to accelerate Lattice’s focus on expanding offerings to better serve its global clients and continuing to scale its team to meet ambitious product goals.
What does Lattice do? Lattice is the people management platform that enables people leaders to develop engaged, high-performing teams. And by combining continuous performance management and employee engagement in one solution, HR, and People teams get powerful real-time analytics that lead to actionable insights turning managers into leaders, employees into high-performers, and companies into the best places to work. The company serves over 1,900 customers such as Slack, Postmates, Cruise, and Reddit.
Launched in 2016, Lattice has enabled people leaders to unlock insight into company culture through goal and OKR management. And since then, the company has built a suite of performance management products and engagement solutions that offer customers powerful and real-time analytics leading to actionable insights.
Lattice will be using the funding for further developing existing and future products and to ramp the engineering and product teams’ growth. And due to increased demand from mid-market and enterprise clients, Lattice will be focusing on product development and features to better serve these customer’s unique needs.
Key Quotes:
“2020 has been a year that’s proven how important it is to invest in your culture. We’re building Lattice to be a holistic people management platform that helps keep your employees engaged, growing, and highly effective. Company culture is forged during difficult times and we’ve seen an increase in companies turning to solutions to sustain and increase the employee experience in our new remote world.”
— Jack Altman, co-founder and CEO of Lattice
“In the migration to a more remote world, the tools for organizations to help manage, engage, and develop their teams are more important than ever. We’re excited to further advance the impact of Lattice’s employee success platform.”
— Miles Grimshaw, Partner at Thrive Capital
“At Anaplan, connection is in our DNA, whether that’s connecting our data, our plans or our people. With the use of Lattice, we see managers and employees seamlessly connecting on feedback, building stronger relationships, and sharing in the celebration of our collective achievements.”
— Marilyn Miller, Chief People Officer of Anaplan
