Lattice, a US-based human resources platform backed by enterprise communication platform Slack, has collected $25m in a series C round led by hedge fund manager Tiger Global Management.
The round valued Lattice at roughly $200m, co-founder and chief executive Jack Altman told TechCrunch, and it has now raised more than $49m altogether.
Founded in 2015, Lattice runs an employee engagement platform that helps managers provide real-time feedback and advice to their team while also celebrating the achievements of the top performers. The software includes analytics tools that discover insights which can increase productivity.
The company has grown its customer base to more than 1,400 enterprise clients including Slack, and has doubled the size of its user base since the beginning of this year. The series C cash will support product development.
Lattice secured $15m in a series B round in April 2019 that was led by venture capital firm Shasta Ventures, which invested together with Thrive Capital, Khosla Ventures and Y Combinator. It came in the wake of a $6.4m series A round led by Thrive Capital in 2017 that included Khosla Ventures and SV Angel.
Slack took part in the company’s $2.8m seed round in 2016 through its investment vehicle, Slack Fund. The round also featured Thrive Capital, Khosla Ventures, SV Angel, Fuel Capital and assorted angel investors.
