Tiger Global values people management tool Lattice at ~$200M
The secretive New York-based hedge fund Tiger Global Management has led a $25 million Series C investment in Lattice, an employee performance and engagement management tool, with participation from the startup’s existing investors.
The round, which values Lattice in the 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 invest additional cash in its sales and marketing efforts, among other opportunities.
“Tiger was excited by the vision to keep [expanding] this platform — to extend to the rest of people management,” Altman tells TechCrunch.
Lattice, which has raised a total of $49.2 million in venture capital funding to
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