Lattice, a California-based provider of a people management platform for the businesses with the people first cultures, has now secured $60 million in the Series E funding round at a new valuation of $1 billion.
Lattice is founded by Jack Altman. It is a people management platform that enables people leaders to develop engaged, high-performing teams.
By combining continuous performance management, development, employee engagement, and growth in one solution, HR and people teams get real-time analytics that leads to actionable insights to help employees, managers and companies.
“Lattice has built a best-in-class solution to manage multiple aspects of employee management and growth,” said John Curtius, partner at Tiger Global, who led the investment round. “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.”
“Lattice is firing on all cylinders,” said Altman. “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 latest funding round
The round, which brings the total funding of the company to $158 million, was backed by Tiger Global with participation from the Fuel Capital, Founders Fund, Shasta Ventures, Thrive Capital, Khosla Ventures, Frontline Ventures and some other new angel investors.
The company as of now has plans to use the new funds to continue growth, explore internal opportunities, and advance its product offerings.