Lattice co-founders Eric Koslow and Jack Altman
Lattice, a people management platform company founded by Eric Koslow and CEO Jack Altman, announced it has raised $15 million in Series B funding led by Shasta Ventures. Thrive Capital, Khosla Ventures, and Y Combinator also participated in this round. In conjunction with this funding round, Doug Pepper of Shasta Ventures is joining Lattice’s board.
What does Lattice do? It provides employees at enterprises with software that is intuitive and easier to use. And Lattice replaces inflexible the once-a-year performance review and survey software with a more modern approach. With Lattice, leaders are able to develop engaged and high-performing teams to uncover actionable insights about their workforce. Since people are more engaged, they perform at a higher level and become more invested in their work.
“One of the most powerful innovations in HR software has been the unification and simplification of administrative work; tying together payroll, benefits, and core HR has been a major time saver for HR teams,” said Lattice CEO and co-founder Jack Altman in a statement. “We see that same opportunity on the employee-facing side; a unified system where performance, engagement, onboarding, learning, and more are connected in a seamless and powerful experience. The key result of these products will not just be saved time, but more engaged and productive employees.”
Lattice also provides managers and teams with the tools that they need for consistently growing and staying engaged such as transparent goals and OKR tracking. Plus it also supports one-on-ones, reviews, and real-time feedback.
“Lattice supports each of us to focus on doing our best work and not be burdened with clunky systems that subscribe to outdated notions of performance management. The need for software that can do what Lattice does has already made itself apparent; companies everywhere are searching for something flexible, smart, and intuitively designed to enable the right conversations and drive performance within organizations,” added Reddit’s VP of People & Culture Katelin Holloway.
Some of Lattice’s customers include Reddit, Slack, Glossier, Coinbase, and Cruise. And Lattice’s platform has helped these companies turn performance management and employee engagement into a competitive advantage.
Using this round of funding, Lattice is going to invest in product development and continuing building more solutions that help People Leaders foster stronger performance and deeply understand employee engagement plus uncover the connections between the two.
