Lattice, the performance management platform, has closed a $60 million Series E.
The round, which drew participation from Tiger Global and undisclosed angel investors, brings the company’s valuation to $1 billion — giving the San Francisco-based company immediate unicorn status.
“This money will allow us to continue growing our team quickly so we can double down on our current products, build new ones, and launch Lattice into new geographies around the world, all while constantly looking for ways to more deeply serve our existing customers,” Lattice said in a blog post.
Lattice was founded 2015 and today claims to employ 225 people and serve 2,500 customers.
“As it turned out, our timing couldn’t have been better,” the post continued. “We started Lattice at the beginning of a wave of change that was quietly taking off. Employees wanted and expected more from their companies, and this was morphing people’s practices from company-centric to employee-centric.
“People wanted performance management to focus on their growth and development, not just evaluation and compensation. They wanted companies to listen to how they felt about things, and make proactive improvements to company culture. And they wanted to understand how their careers might progress, and what it took to get there,” it added.
Today’s news comes after the company raised a $45 million Series D in July last year.
So far, the company has raised $154 million and is backed by investors including Thrive Capital, Frontline Ventures, Khosla Ventures, Founders Fund, Fuel Capital, and Y Combinator.