Lattice valued at $3bn after Series F

Remote working has created many challenges for employers. A major one has been how to manage and listen to teams that are distributed.

But HR tech, like people management platform Lattice, was on hand to help.

Lattice has experienced a surge in demand during the pandemic. It went into “hyperdrive” during the pandemic, according to CEO and co-founder Jack Altman.

Therefore, it is no surprise that in the last year Lattice has closed two funding rounds and has exceeded unicorn status. Back in March 2021, the company raised $60 million in a Series E and now it has closed a $175 million Series F.

This brings the company’s total funding to $330 million and its value to $3 billion.

The Series F was led by Thrive Capital, entrepreneur Elad Gil, Tiger Global and Dragoneer. Some of Lattice’s former investors – Founders Fund, High Sage Ventures and Fuel Capital – also participated.

Gil noted: “We’ve seen a few broad trends come together in recent years — the rise of remote work, the evolution of the role of HR — that have fueled the HR market. “Lattice’s approach of creating a broad suite of interconnected offerings has resonated and led to really exciting growth.”

The future for Lattice

Lattice now has 470 employees – this represents 150% year-on-year growth since its founding in 2013 – and serves more than 3,500 companies, including Monzo, Slack, Reddit, and Asana.

Altman explained that Lattice will use this latest influx of capital to fuel rapid growth across industries and geographies, as well as product innovation.

Talking about the round, Altman commented: “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’ interests first,”

“Employees have more choice than ever before, and they’re exercising that agency to choose jobs that meet their expectations for growth and fulfillment.

“Companies that embrace this and build their people systems with the success of their employees at the center are the ones that will thrive in the new world of work.”