Lattice Lands $175 Million Round

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Lattice&comma; which operates a people management platform for businesses&comma; is now valued at &dollar;3 billion after closing a &dollar;175 million round of funding from Thrive Capital&comma; Elad Gil&comma; Tiger Global&comma; and Dragoneer&period;<&sol;p>&NewLine;<p>The new funding round was also joined by existing investors Founders Fund&comma; HighSage Ventures&comma; Shasta Ventures&comma; Fuel Capital&comma; Khosla Ventures&comma; and several new angel investors&period; The new investment brings Lattice’s total funding to over &dollar;330 million&period;<&sol;p>&NewLine;<p>Lattice CEO and co-founder Jack Altman said that Lattice decided to take on additional capital less than 10 months after closing a Series E round in March 2021 to continue to fuel the company’s rapid growth across industries and geographies&comma; and advance its product offerings&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;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&comma;” said Altman&period; &OpenCurlyDoubleQuote;Employees have more choice than ever before&comma; and they’re exercising that agency to choose jobs that meet their expectations for growth and fulfillment&period; 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&period;”<&sol;p>&NewLine;<p>The importance of people strategy has taken center stage as the world of work continues to place emphasis on the importance of the employee by increasing emphasis on their growth&comma; development&comma; and holistic well-being&period; This trend&comma; accelerated by the pandemic&comma; represents a shift in how organizations support and empower their people&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We&&num;8217&semi;ve seen a few broad trends come together in recent years — the rise of remote work&comma; the evolution of the role of HR — that have fueled the HR market&comma;” said Elad Gil&comma; entrepreneur and investor&period; &OpenCurlyDoubleQuote;Lattice&&num;8217&semi;s approach of creating a broad suite of interconnected offerings has resonated and led to really exciting growth&period;”<&sol;p>&NewLine;<p>People strategy is no longer only a concern of Human Resource departments — attracting&comma; developing&comma; and retaining top talent needs to be a company-wide effort in order to better accomplish company goals&period; With more companies switching to hybrid and remote work models&comma; building strong company culture is also becoming increasingly complex&period;<&sol;p>&NewLine;<p>Since its founding in 2015&comma; Lattice has grown its team to over 485 employees&comma; an almost 150&percnt; year-over-year increase&comma; and serves more than 3&comma;700 businesses including Slack&comma; Asana&comma; and Samsara&period;<&sol;p>&NewLine;