This news comes on the heels of its Series F round. It plans to use the funds to move into new verticals and invest in product development. Here are the top-line bullets you need to know.
Lattice, an employee engagement and performance management platform, has raised $175M in a Series F round that drew participation from Thrive Capital, Tiger Global Management, and Dragoneer Investment Group, among others.
How’s the company performing?
- California-based Lattice enables companies to manage objectives and key results (OKRs), performance reviews, employee feedback, and conversations between employees and their managers.
- The company currently has more than 3.6K clients, including Reddit, Slack, Vention, Asana, and Samsara.
- It also has over 485 employees, up 150% year-over-year.
Why does the market matter?
- The global OKRs software market is expected to reach a value of $1.8B by 2028, growing at a CAGR of 12.6%, according to Verified Market Research.
- The increasing focus on streamlining business processes and demand for real-time analytics capabilities are contributing to market growth.
- Adoption of this software is highest among IT and telecom companies.
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