Lattice, a US-based employee management platform developer backed by enterprise communications software provider Slack, has raised $60m in its series E round led by hedge fund Tiger Global.
VC firms Thrive Capital, Shasta Ventures, Founders Fund, Frontline Ventures, Fuel Capital and Khosla Ventures, and several angel investors, joined the round.
The new investment brings Lattice’s total funding to $158m and a $1bn valuation.
In July 2020, Lattice secured $45m on Tuesday in a series D round also led by Tiger.
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.
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 and is a customer.
