Announcements

Lattice Raises $25m Series C to Continue Empowering People Leaders to Develop High-Performing Teams

San Francisco — Lattice, the people management platform, announced $25 million in Series C funding today in a round led by Tiger Global. This round comes on the heels of the strongest quarter in company history, more than doubled user counts since the beginning of the year, and its funding in April, which the company is using to further accelerate its category-leading growth. 

Lattice’s platform helps people leaders build high-performing teams by equipping managers with tools to drive growth and productivity through continuous performance management. Lattice also provides People teams with insights to act on real-time engagement feedback that drive company-wide impact. Since its launch in 2016, Lattice has quickly built a customer base of over 1,400 leading companies including Slack, Glossier, Reddit, Cruise, and Coinbase. 

Employee performance drives business success and employee engagement is the key to continuous performance. When employees are engaged, they are more productive, stay longer, treat customers better and more willing to go the extra mile for the business. But the majority of employees are not engaged at work. While the polls vary — Harvard Business Review says only 16% of employees are engaged, whereas Gallup puts the number closer to 34% — it’s clear that the majority of employees are not engaged at work and this impacts their ability to perform. 

By creating processes to provide real-time feedback and coaching, managers are able to drive their employees’ performance, engagement, and growth through Lattice. “People development is crucial to any business’ success but especially important for Take-Two, where the competition is fierce to attract the world’s best talent,” said Take-Two’s Senior Director of People & Development, Jessica Jacobson, “Lattice has helped us build a stronger people management program that empowers managers to give employees the feedback they need to grow their careers, and ultimately build a culture that attracts and retains top talent.”

Lattice’s secret to building continuous people management programs is by incorporating feedback into the daily lives of employees. Lattice’s integration with Slack has proven to be extremely effective in driving feedback across an organization. It’s so effective that Slack has adopted Lattice as its core people management solution. Going a step further to emphasize the importance of feedback, Lattice has recently released its praise wall feature,  which creates  a space for feedback in the physical space of an organization . Now companies can actually feature employee wins on displays around the office, making top-performers feel valued. 

While most employees don’t love HR platforms, it’s clear that Lattice’s approach has started to change their minds. On the independent review site, G2 Crowd — where Lattice holds the #1 ranking in both highest rated and easiest-to-use categories —  real employees describe Lattice as “great for employee connection,” an “amazing tool for employee growth” and “easy to use.” (Read the reviews here)

With this new round of funding, Lattice will invest in product development to continue giving people leaders more solutions to develop engaged, high-performing teams. “We’ve seen tremendous traction in connecting performance and engagement software and the value that this connection provides to People leaders in both understanding why employees are not engaged, but also giving them the tools to drive people management across the organization,” said Jack Altman, CEO and Co-Founder of Lattice, “Now we’re looking into ways to empower people leaders to really help employees manage their career growth. When companies are able to align employee growth with company growth, everyone wins.” 

About Lattice

Lattice is the people management platform that enables People Leaders to develop engaged, high-performing teams. By combining continuous performance management and employee engagement in one solution, HR and People teams get powerful, real-time analytics that lead to actionable insights turning managers into leaders, employees into high-performers, and companies into the best places to work.

Based in San Francisco, Lattice serves over 1,400 customers around the world likeSlack, Glossier, Cruise, and Reddit and is backed by Tiger Global, Shasta Ventures, Thrive Capital, Khosla Ventures, Y Combinator, and Slack Fund.

 

About Tiger Global

Tiger Global Management, LLC is an investment firm that focuses on private and public companies in the global Internet, software, consumer, and payments industries.

Announcements

Lattice raises $15m to help People Leaders develop engaged and high-performing teams

San Francisco — Lattice, the people management platform, announced $15 million in Series B funding today. The round was led by Shasta Ventures with participation from existing investors, including Thrive Capital, Khosla Ventures, and Y Combinator.

The consumerization of enterprise software is a well-known trend; employees expect the software they use at work to feel good and work well. Lattice has been at the forefront of this trend in People Management, replacing inflexible once-a-year performance review and survey software with a more modern platform and approach.

Lattice enables People Leaders to develop engaged, high-performing teams and uncover actionable insights about their workforce. When people are more engaged, they perform at a higher level, and when people succeed, they become more invested in their work. Lattice powers the virtuous cycle that turns employees into high-performers, managers into leaders, and companies into the best places to work.

Katelin Holloway, VP of People & Culture at Reddit, says Lattice is leading this change, “Lattice supports each of us to focus on doing our best work and not be burdened with clunky systems that subscribe to outdated notions of performance management. The need for software that can do what Lattice does has already made itself apparent; companies everywhere are searching for something flexible, smart, and intuitively designed to enable the right conversations and drive performance within organizations.”

Lattice equips managers and their teams with the tools they need to consistently grow, achieve, and stay engaged like transparent Goals and OKR tracking, 1-on-1s, Reviews, and Real-Time Feedback. “Not only has the software supported our performance management frameworks, says Holloway, “its proven itself to be a critical component to how managers and teams work together, and I am grateful for a tool that empowers our People team to be more strategic.”

Holloway and Reddit are not alone. Lattice works with People teams at 1,200+ companies including Slack, Glossier, Coinbase and Cruise and has helped turn these companies’ approach to performance management and employee engagement into a competitive edge.

Increasing employee adoption of HR software

With this latest round of funding, Lattice plans to invest in product development, continuing to build more solutions that help People Leaders foster strong performance, deeply understand employee engagement, and uncover the connections between the two.

Jack Altman, Lattice’s CEO and co-founder, sees a new world of HR software emerging, “One of the most powerful innovations in HR software has been the unification and simplification of administrative work; tying together payroll, benefits, and core HR has been a major time saver for HR teams. We see that same opportunity on the employee-facing side; a unified system where performance, engagement, on-boarding, learning, and more are connected in a seamless and powerful experience. The key result of these products will not just be saved time, but more engaged and productive employees.”

Altman and Lattice believe the future state of HR technology will be two core solutions: a back-office HRIS system of record and a people management system of engagement that employees interact with frequently. User reviews from G2 Crowd show that Lattice is fulfilling its objective to build engaging HR software that employees love to use.

Building a winning culture starts with Lattice

Lattice has become the industry standard for companies who prioritize building high-performing and engaged teams. Doug Pepper, who led the round from Shasta Ventures and joined Lattice’s board, highlights how the market has changed: “The core of our investment thesis is that company culture is increasingly becoming a competitive advantage, which is why software like Lattice is necessary. We were thrilled when we saw that they live this themselves, and we believe they are well positioned to lead this movement.”

Lattice itself strives to model the balance between strong growth and a healthy organization. In the past year, the company became cash-flow positive, doubled its headcount, and added over 700 new customers. Beyond the business results, Jack sees the company’s mission as deeply human, “We spend so much of our time at work, and we give so much of our mental and emotional energy there. The more Lattice can make work a fulfilling experience, the more impact we can have on human happiness.”