World’s leading digital coaching platform CoachHub, has today raised an additional $80 million in a Series B2 funding making the total of the Series B raised $110 million. Draper Esprit and RTP Global led the round with notable names in the investing world HV Capital, Signals Venture Capital, Partech and Speedinvest also participating. The firm has raised a total of $130 million since 2019.
“This latest round of funding will allow us to meet the ever-growing demand for digital solutions for training and personal development, which has been triggered by the pandemic. It also demonstrates the belief investors have in our platform and the value democratized coaching brings to forward-thinking organizations.” said co-founder and Chief Sales Director of CoachHub Yannis Niebelschütz.
Founded in 2018 and based in Berlin, CoachHub is already leader in the global talent development enabling organizations to create a personalized, measurable and scalable coaching program for the entire workforce, regardless of department and seniority level. Overall, turning managers into inspiring leaders, boosting team performance, and helping employees grow both personally and professionally is among some of the company’s achievements.
Using an artificial intelligence solution CoachHub is able to match individuals with more than 2,500 certified business and well-being coaches in 70 countries across six continents. Coaching sessions are available in more than 60 languages. The company has more than 300 employees from 42 nationalities across Europe, North America, and Asia.
“For too long, coaching has been inflexible, unscalable, and inaccessible to anyone but the highest executives,” said Matti Niebelschütz, co-founder and Chief Delivery Officer of CoachHub. “Democratizing coaching for people of all career levels worldwide allows more organizations to tap into the positive impact on employee performance and well-being that comes from personalized coaching. Higher employee engagement rates and mental health awareness are vital in these tumultuous times.”
This latest round of funding is expected to further fuel CoachHub’s explosive growth and expansion plans.
Source: CoachHub “CoachHub Secures $80M to Democratize Coaching”