Employee management platform Lattice has reported record growth in the first half of 2021, bolstered by its Series E round in March.
The company, which offers software for improving employee practices and experiences, said the ongoing COVID-19 pandemic had accelerated movements towards a modern people strategy that allowed employees to be more involved and engaged.
Its solution includes performance management, employee engagement, development, and growth features with real-time analytics. Among the company’s customers are the likes of Slack, Cruise and Reddit.
“Now more than ever, businesses realise the importance of building company culture, increasing employee motivation, and leading high-performing teams,” said Jack Altman, CEO of Lattice. “Our people management platform is rapidly expanding to help companies do just that.”
Among the milestones achieved by the company during the first half of the year was 100% year-over-year ARR growth, as well as a doubling in headcount since June 2020.
Most significant was its $60mn Series E led by Tiger Global, alongside Thrive Capital, Shasta Ventures, Founders Fund, Frontline Ventures, Fuel Capital, Khosla Ventures, which led Lattice to clear the billion-dollar Unicorn threshold.
“Lattice has built a best-in-class solution to manage multiple aspects of employee management and growth,” said John Curtius, partner at Tiger Global. “Both growing and established companies have dramatically changed their working practices in recent years, and Lattice has grown impressively as a result. We’re excited to continue supporting them as they continue to grow.”
Lattice said its platform had gained over 100 features and updates in the first half of the year, including new navigation architecture for holistic impressions of employee performance, and weighted goals to better reflect progress on goals.
“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.”
