INSUBCONTINENT EXCLUSIVE:
The secretive New York-based hedge fund Tiger Global Management has led a $25 million Series C investment in Lattice, an employee
ballpark of $200 million, says co-founder and chief executive officer Jack Altman, comes just six months after the business closed a $15
million Series B led by Shasta Ventures
The HR tool, founded in 2015 by Altman and Eric Koslow, is also backed by Thrive Capital, the Slack Fund, Khosla Ventures and Y
Combinator.Lattice, like many startups closing venture capital deals today, was not actively fundraising when approached by John Curtius of
Tiger Global, a firm that invested in the likes of Spotify, Glassdoor and Flipkart
Rather than reject the sizable capital infusion that, according to Altman, included favorable terms, Lattice closed the deal and plans to
venture capital funding to date, doubled its headcount this year as well as its paying user count, which has swelled to 160,000
The SaaS business has developed performance management software that allows employees to reflect on their performance and receive feedback
The tool also empowers employees and their managers to structure agendas for one-on-one sessions, send praise to other employees and draft
Last month, the company launched Lattice Pulse, which, in combination with Lattice Engagement and Lattice Performance, delivers real-time
Your employees are like your internal customers
a SaaS business model, charging roughly $100 per user per year
The company sells primarily to small and medium-sized businesses, including Glossier and Asana and some 1,400 others
This year, Lattice struck a deal with Slack, one of its largest customers yet
