Total amount raised
$2.2 Billions
Latest funding date
January, 2022
Location
Lattice has successfully raised ₩2,000,000,000 in a Seed round from Ascendo Ventures and two other investors. The platform offers a comprehensive suite of HR tools designed to manage employee information, drive performance, and capture team sentiment.
Keep reading to explore the intricacies of Lattice's fundraising journey and the investors backing this innovative platform.
What Is Lattice?
Lattice, founded in 2023, is based in Seoul, South Korea. The company specializes in providing a comprehensive HR platform designed to manage people and their performance effectively.
With a team of 1-10 employees, Lattice offers a suite of tools that include performance management, compensation, analytics, goals, employee engagement, and HRIS. These features aim to streamline HR operations and provide actionable insights.
Although the founders' names are not publicly disclosed, Lattice continues to innovate in the HR tech space, helping companies build strong cultures and improve overall performance.
How Much Funding Has Lattice Raised?
- Seed Round
- Amount Raised: Not disclosed
- Date: November 2023
- Lead Investors: Springcamp
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure initial capital for product development and market entry.
- Seed Round
- Amount Raised: ₩2,000,000,000 (approx. $1.5M USD)
- Date: April 2024
- Lead Investors: Ascendo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive growth and enhance the contract management solution, Prix.
Total amount raised: $1.5M USD. Current valuation: Not publicly disclosed.
Key Investors
- Ascendo Ventures
- Details: Ascendo Ventures, founded in 2018 and based in Seoul, South Korea, is a venture capital firm that aims to be a lifecycle partner for fast-growing, game-changing Asian tech companies.
- Investment Focus Areas: IoT, artificial intelligence, robotics, environment, climate, digital healthcare, food tech, blockchain.
- Notable Investments: Not publicly disclosed.
- Springcamp
- Details: Springcamp is a venture capital firm that participated in Lattice's seed round in November 2023. The firm is known for supporting early-stage startups in various sectors.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Dasung Ventures
- Details: Dasung Ventures is another key investor in Lattice's pre-Series A funding round. The firm focuses on innovative startups in the tech industry.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Lattice?
Lattice is poised to capitalize on the growing demand for digital contract management solutions. With the recent ₩2 billion pre-Series A funding, the company plans to enhance its product, Prix, and expand its customer base. The opportunity to address inefficiencies in contract management for Korean companies is significant, and the rapid growth in enterprise clients underscores this potential.
Future fundraising rounds are likely as Lattice continues to scale and innovate. However, the company will need to navigate challenges such as competition from established players and ensuring the scalability and reliability of their platform. Maintaining customer trust and satisfaction will be crucial as they grow.
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