▷ Lattice Triples Valuation to $3 Billion, Raising $175 Million


19.01.2022 – 10:05

Lattice

London (ots/PRNewswire)

After achieving unicorn status in 2021, Lattice continues to grow at record rates as people strategy remains a top priority for companies looking to thrive in the new world of work.

Lattice, the leading people management platform for companies with a people-centric culture, today announced a new valuation of $3 billion after a $175 million funding round from Thrive Capital, Elad Gil, Tiger Global and Dragoneer has been completed.

Jack Altman, Lattice CEO and co-founder, said that less than 10 months after closing a Series E round in March 2021, Lattice has decided to raise additional capital to continue the company’s rapid growth across multiple industries and geographies to advance and expand its product offering.

“This new funding is a vote of confidence in Lattice’s belief that the world is ready for a new generation of people management products that put employees first,” said Altman they use these to choose jobs that meet their expectations for growth and fulfillment. Companies that embrace this and build their people systems to focus on the success of their people will thrive in the new world of work.”

Existing investors Founders Fund, HighSage Ventures, Shasta Ventures, Fuel Capital, Khosla Ventures and several new angel investors also participated in the new round of financing. The new investment brings Lattice’s total funding to over $330 million.

The importance of people strategy has come to the fore as the world of work increasingly emphasizes the importance of the employee by placing increasing importance on their growth, development and overall well-being. This trend, accelerated by the pandemic, means a shift in how organizations support and empower their people.

“In recent years, a number of general trends have converged – the rise of remote working, the evolution of the role of HR – that have boosted the HR market,” said Elad Gil, entrepreneur and investor. “Lattice’s approach, a broad range of interconnected offerings has resonated and led to some really exciting growth.”

People strategy is no longer just a matter for HR departments – attracting, developing and retaining top talent must be an enterprise-wide task to better achieve organizational goals. As more companies transition to hybrid and decentralized working models, building a strong corporate culture is also becoming increasingly complex.

Information about Lattice

Lattice is the people management platform that empowers leaders to develop engaged and high-performing teams. By combining continuous performance management, employee engagement, development and growth in one solution, HR and HR teams get powerful, real-time analytics that lead to actionable insights, transforming managers into leaders, employees into high performers and companies into the best places to work. Headquartered in San Francisco, Lattice serves over 3,700 clients including Slack, Monzo and Tide. More information about Lattice can be found here: www.lattice.com.

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Press contact:

Alia Le Cam,
[email protected]

Original content by: Lattice, transmitted by news aktuell


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