People management platform Lattice hit a $3 billion valuation after closing a $175 million funding round, the San Francisco-based company announcement Tuesday (January 18).
The funding 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 launching in 2015, Lattice said it has more than doubled its team to 485 employees and serves more than 3,700 businesses.
CEO and co-founder of Lattice Jack Altman said Lattice, which bills itself as a people management network that empowers leaders to build high-performing teams, took on additional capital less than a year after closing a Series E funding round to fuel the business 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 the interests of employees first,” Altman said in the announcement. “Employees have more choice than ever before, and they are exercising that power to choose jobs that meet their expectations for growth and fulfillment.”
People management has been a challenge in recent years as the pandemic has rapidly changed the way the world lives and works. In response to these changes, more and more people react to prolonged uncertainty with fatigue, anxiety and depression.
In a recent interview with PYMNTS, Richard Baileyexecutive vice president of engineering at Entersekt, explained how his company has mitigated these issues while embracing hybrid work models.
Read more: In response to ‘pandemic fatigue’, companies are leading with empathy
“As an engineering leader, I’ve had to be less of an engineer over the past two years and more outgoing,” Bailey said.
He and other business leaders have responded to these challenges with empathy, holding hands in meetings and open conversations about the pressures of life and work during the pandemic.