People management platform Lattice has opened a London headquarters as part of its first strategic expansion into the European market.
The San Francisco firm, which serves more than 3,000 customers including Slack, Monzo and Tide, is planning an investment of $110 million in the UK over the next 10 years.
The company plans to hire 50-70 people in the UK across all go-to-market and support functions, including several executive roles, within the next year.
“People strategy is essential to building great businesses, no matter where they’re located,” said Jack Altman, CEO of Lattice. “We’re excited to be on the ground in London to better collaborate with our European customers and partners as well as tap into the talent pool of this global tech capital to help us continue to innovate and evolve.”
This announcement follows the company’s Series E fundraising round in March, which secured a $60m investment and brought Lattice’s valuation to more than $1 billion – achieving unicorn status.
Before having a formal presence in Europe, Lattice served a growing portfolio of close to 400 international customers, which comprised over 12% of the company’s total revenue.
New CEO as GPS trailblazer Focal Point Positioning opens US base
The new team will offer stronger regional support to existing customers and partners across Europe which are an important and growing part of the business.
“With the UK representing one of our most important markets, we’re excited to partner with an established performance and engagement management tool like Lattice,” said Samantha Richards, Country Manager UK/I at Personio, European HR software provider and Lattice partner.
“The integration will enhance our all-in-one HR solution and further help European SMEs to improve employee performance, engagement, and development, ultimately driving their business forward.”
Brennan O’Donnell, Partner at Frontline Ventures, a Series E round investor, added: “The balance of power in talent markets has shifted dramatically over the past few years and employees now have more choice than ever on where to work and who to work for.
“Lattice is leading the way on what it means to build an employee-centric company for the cross-border and post-pandemic world of work.”