- People management platform Lattice announced it has raised a $60 million funding round at a $1 billion valuation led by Tiger Global. These are the details.
Lattice — the leading people management platform for businesses with people-first cultures — announced it has raised a $60 million funding round at a $1 billion valuation led by Tiger Global. And existing investors Thrive Capital, Shasta Ventures, Founders Fund, Frontline Ventures, Fuel Capital, Khosla Ventures, and several new angel investors also participated in the round. And this funding round brings Lattice’s total funding to $158 million.
Lattice’s CEO and co-founder Jack Altman noted that the company decided to take additional funding to continue the company’s rapid growth, advance product offerings, and explore international opportunities despite the company being profitable and investments from previous rounds still being available.
Existing investors Thrive Capital, Shasta Ventures, Founders Fund, Frontline Ventures, Fuel Capital, Khosla Ventures, and several new angel investors also participated in the round. And this funding round brings Lattice’s total funding to $158 million.
People strategy is no longer considered just a concern of human resource departments – attracting, developing, and retaining top talent needs to be a company-wide effort in order to better accomplish company goals. And with more companies switching to hybrid and remote work models, building strong company culture is becoming increasingly complex.
With over 6 years of experience in the performance management and employee growth space, Lattice has proven that people strategy plays a leading role in a company’s business success. And since its founding in 2013, Lattice has grown its team to over 225 employees and serves more than 2,500 businesses including Slack, Asana, and Samsara. Over the course of last year, the company has doubled in size due to the increased focus of people-centric thinking in businesses.
This announcement follows Lattice’s Grow product launch and a platform redesign and it precedes Jack Altman’s first book entitled People Strategy: How to Invest in People and Make Culture Your Competitive Advantage.
“Lattice is firing on all cylinders. We’re growing the team, launching new products, and expanding into new geographies. This capital gives us the opportunity to pursue our goals much more ambitiously and to provide better solutions for our customers as they evolve their people strategy to meet today’s needs.”
— Lattice’s CEO and co-founder Jack Altman
“Lattice has built a best-in-class solution to manage multiple aspects of employee management and growth. Both growing and established companies have dramatically changed their working practices in recent years, and Lattice has grown impressively as a result. We’re excited to continue supporting them as they continue to grow.”
— John Curtius, partner at Tiger Global, who led the investment round