People management platform Lattice has reached a valuation of $3 billion after closing a $175 million funding round, the San Francisco-based company announced on Tuesday (Jan. 18).
Financing was led by Thrive Capital, Elad Gil, Tiger Global and Dragoneer. They were joined by existing investors Founders Fund, Fuel Capital, HighSage Ventures, Khosla Ventures and Shasta Ventures.
Since it was launched in 2015, Lattice said it has more than doubled its team to 485 employees and serves more than 3,700 businesses.
Lattice CEO and co-founder Jack Altman said Lattice, which calls itself a people management network that enables leaders to develop high-performing teams, took on additional capital less than a year after closing a Series E round to fuel the company’s growth.
“This new funding is a vote of confidence in Lattice’s belief that the world is ready for a new generation of people management products that put employees’ interests first,” Altman said in the announcement. “Employees have more choice than ever before, and they’re exercising that agency to choose jobs that meet their expectations for growth and fulfillment.”
People management has been a challenge in recent years, as the pandemic rapidly changed how the world lives and works. In response to these changes, more individuals are responding to the prolonged uncertainty with fatigue, anxiety and depression.
In a recent interview with PYMNTS, Richard Bailey, executive vice president of enginerring at Entersekt, discussed how his company mitigated these issues while adopting hybrid working models.
“As an engineering leader, I’ve had to be less of an engineer in the last two years and more of a people person,” Bailey said.
He and other company executives have responded to these challenges with empathy, hand holding at meetings and open conversations about the pressures of living and working during the pandemic.