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People management platform Lattice triples valuation to £2.2bn

Lattice valuation

Lattice, a San-Francisco-based people management platform that recently opened a UK office, has closed a $175m (£128m) funding round that gives it a valuation of $3bn (£2.2bn). 

Thrive Capital, Elad Gil, Tiger Global, and Dragoneer, provided capital for the round, which tripled Lattice’s previous valuation. 

Existing investors, including Founders Fund, HighSage Ventures, Shasta Ventures, Fuel Capital, Khosla Ventures, and several new angel investors, also joined the round. 

The latest funding round comes less than ten months after securing $60m (£44m) funding in a Series E round last March. The latest investment brings Lattice’s total funding to over $330m (£242m).

Last September, the company established a London headquarters as a part of a European expansion push. Lattice also said it would invest around $110m (£80m) in the UK over the next ten years. The UK team is also looking to expand its London office space.

Jack Altman, CEO, and co-founder of Lattice, said the funds will be used to fuel its rapid growth across industries and multiple geographies, along with advancing its product offerings.

“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,” said Altman. “Employees have more choice than ever before, and they’re exercising that agency to choose jobs that meet their expectations for growth and fulfilment. Companies that embrace this and build their people systems with the success of their employees at the centre are the ones that will thrive in the new world of work.”

Founded by Eric Koslow and Jack Altman, Lattice is a people management platform that helps HR staff and team leaders to develop engaged and high-performing teams.

At present, the company serves over 3,550 customers, including Slack, Cruise, and Reddit.

“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,” said Elad Gil, entrepreneur and investor. “Lattice’s approach of creating a broad suite of interconnected offerings has resonated and led to really exciting growth.”