In its Series E funding, the leading People Analytics company, Lattice has raised $60 Million at a $1 Billion evaluation. The company boasts of providing real-time insights to people analytics that helps HR managers and customers take full control of their people strategy by connecting various dimensions of:
- Performance Management
- Employee Engagement
- Employee Development
Founded in 2015, the company has so far raised $158 Million. Tiger Graph led the latest Series E funding, which also included participation from so many of our committed insiders, and some great new angel investors.
Lattice will utilize the latest financing round to further grow its product development and marketing teams. doubling down on their current products and build new ones to meet customer demands from various regions. It will also strengthen its partners’ management channel to better serve its existing clients, which includes names like Reddit, Asana, Samsara and so on.
Lattice has taken strategic strides to improve its product offerings in the people management domain. It now leads the way for other HR Tech companies in switching to 100% employee-centric tools that help customers understand their employees from multiple dimensions. It launched Employee Engagement Surveys in 2018, and Employee Performance and Career Development Tracker- Grow, in 2020.
In the next few months, the company is expected to further bolster its analytics offerings to empower HR managers with impactful self-service 1:! dashboards and visualization tools for better employee management across remote workplace stacks.
Jack Altman, Lattice’s CEO and co-founder stated that Lattice decided to take on additional capital to continue the company’s rapid growth, advance its product offerings, and explore international opportunities despite the company being profitable and investments from previous rounds still being available.
“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.”
The new funding round was led by Tiger Global and joined by existing investors Thrive Capital, Shasta Ventures, Founders Fund, Frontline Ventures, Fuel Capital, Khosla Ventures, and several new angel investors. The new investment brings Lattice’s total funding to $158 million.
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