Lattice, a US-based employee management platform developer backed by enterprise communications software provider Slack, secured $45m on Tuesday in a series D round led by hedge fund manager Tiger Global Management.
Frontline Ventures, Founders Fund, Khosla Ventures, Thrive Capital Partners, Fuel Capital and Y Combinator also took part in the round, which valued the company at $400m according to TechCrunch.
Founded in 2015, Lattice has created a human resources software platform that helps companies manage, engage and develop the skills of employees. Its offering includes real-time analytics to boost productivity and the ability to celebrate milestones with colleagues.
The series D funding follows several months of significant growth as employees have left offices to work from home amid coronavirus-linked lockdowns. The capital will enable Lattice to accelerate product development and hire additional staff.
Tiger Global previously led a $25m series C round in October 2019 that valued Lattice at approximately $200m, following a $15m series B round led by Shasta Ventures six months earlier, with participation from Thrive Capital, Khosla Ventures and Y Combinator.
Thrive Capital led a $6.4m series A round for the company in 2017 that also featured Khosla Ventures and SV Angel. Slack Fund, Slack’s strategic investment arm, had contributed to its $2.8m seed round the previous year alongside Thrive Capital, Khosla Ventures, SV Angel, Fuel Capital and assorted angel investors.
