Total amount raised
$2.2 Billion
Latest funding date
1/1/2022
Location
Lattice has raised funding through a Seed round, attracting investment from Ascendo Ventures, Dasung Ventures, and Springcamp. The platform offers a comprehensive suite of HR tools designed to manage people, pay, and performance.
Keep reading to explore the intricacies of Lattice's fundraising journey and the investors backing this innovative platform.
What Is Lattice?
Lattice is a private company based in Seoul, South Korea, specializing in B2B, Information Services, and SaaS industries. The company has a small team of 1-10 employees and has raised funding through a Seed round.
Offering a comprehensive HR platform, Lattice integrates AI tools to manage people, pay, and performance. The platform is designed to help companies build high-performing teams by providing tools for performance management, employee engagement, goal setting, career growth, and compensation management.
How Much Funding Has Lattice Raised?
- Amount Raised: 2 billion KRW (approximately 1.5 million USD)
- Date: April 2024
- Lead Investors: Ascendo Ventures, Springcamp
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support key initiatives aimed at driving the company's growth and enhancing its contract management solution, Prix.
Total Amount Raised: 1.5 million USD. Current Valuation: Not publicly disclosed.
Key Investors
- Ascendo Ventures
- Details: Founded in 2018, Ascendo Ventures is a venture capital firm based in Seoul, South Korea. It 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: Lattice.
- Springcamp
- Details: Springcamp is a venture capital firm that participated in the seed round for Lattice. It typically invests in early-stage startups with high growth potential.
- Investment Focus Areas: Not specified.
- Notable Investments: Lattice.
- Dasung Ventures
- Details: Dasung Ventures is another venture capital firm that participated in the seed round for Lattice. It invests in promising startups across different sectors.
- Investment Focus Areas: Not specified.
- Notable Investments: Lattice.
What's Next for Lattice?
Lattice stands at the cusp of significant growth opportunities, driven by the increasing demand for digital contract management solutions. With the recent 2 billion KRW funding, the company is well-positioned to enhance its product, Prix, and expand its customer base. The B2B SaaS sector's rapid digital transformation offers a fertile ground for Lattice to grow and innovate.
Future fundraising rounds, such as Series A and beyond, are likely as Lattice scales its operations and seeks additional capital to support its expansion. The company's ability to leverage investor networks and market insights will be crucial in navigating these opportunities. However, challenges such as competition from established players and the need for continuous innovation to keep up with technological changes remain.
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