Lattice raised $175 million for its people management platform, valued at $3 billion

As our concepts of “office” and “team” have been stretched by the challenges of a global health pandemic, Lattice is a platform that helps with workforce people management. The ability to conduct performance reviews, employee feedback, and praise; tools to set and track goals and other long-term career plans. 

It helps in analytics to get a bigger picture of how a workforce works. It has really come into its own business in the last two years. Now, the eponymous company has secured a large fundraising round at a significant valuation – $175 million in a Series F that values Lattice at $3 billion — highlighting the market traction it has earned and its goals.

The investment was led by Thrive Capital, Elad Gil, Tiger Global, and Dragoneer, with prior backers Founders Fund, HighSage Ventures, Shasta Ventures, Fuel Capital, Khosla Ventures, and many new, undisclosed angel investors also taking part. 

The funding increases Lattice’s total funding to $330 million, and it comes just 10 months after the company’s last round of fundraising (a Series E at a $1 billion valuation). On the back of significant growth, Jack Altman, the founder and CEO, said that Lattice was approached proactively this time around.

“We’d built many products and got a lot of traction [before the pandemic] but the world we’re living in today has accelerated things for a lot of reasons. The office environment allows for a lot of interpersonal exchanges, connections and apprenticeship. It’s not that you don’t need software for people management in the office environment but when you don’t have those connections you still need to feel like you work for a bigger purpose. We are staring at a box all day now, and we don’t have a manager who comes by and says great job and makes us feel appreciated. Systems like Lattice give a process for how we connect and interact and make sure that I know that I am cared for by our manager as a professional and a person. COVID-19 created that tailwind.”

Jack Altman, the founder and CEO, Lattice
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