Lattice, the leading people management platform for businesses with people-first cultures, has announced a new valuation of $1 billion after having raised a $60 million round, led by Tiger Global.
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.
“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.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.