Digital coaching platform CoachHub has raised USD80 million in Series B2 funding, increasing total Series B capital to USD110 million.
Draper Esprit, RTP Global, HV Capital, Signals Venture Capital, Partech, and Speedinvest were all part of this latest round, bringing the total funds raised to USD130 million since 2019.
The money will continue to fund CoachHub’s meteoric expansion which started just three years ago. In just the first half of 2021, CoachHub has exceeded 2020’s new business generation, tripled its number of employees, and added some of the biggest, foremost global brands to its stable of clients including Fujitsu, Electrolux, Babbel, ViacomCBS and KPMG.
“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,” says co-founder and Chief Sales Director Yannis Niebelschütz. “It also demonstrates the belief investors have in our platform and the value democratised coaching brings to forward-thinking organisations.”
Christoph Hornung, Investment Director at Draper Esprit, says: “It’s no longer just about the pandemic. What we are increasingly seeing with digital-first, highly enriched platforms such as CoachHub are more dynamic and – crucially – more accessible tools to transform companies through training and education. We are delighted to continue backing CoachHub as it makes huge strides in the US and Asia and builds upon its position as Europe’s leading digital coaching platform.”
Alexander Pavlov, Partner at RTP Global, adds: “Since we first invested in CoachHub in late 2019, the company has never ceased to impress us. Its team of industry-leading scientists, researchers and advisers – along with a worldwide pool of top coaches – are all demonstrating a clear passion to democratise coaching across the world. Matti and Yannis are 100 per cent focused on their vision and are backed by outstanding execution and growing ambition. These efforts made it an easy decision to help the company accelerate further by doubling down on our investment, contributing significantly towards an impressive USD80 million round.”
CoachHub uses artificial intelligence 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, and this latest round of funding will fuel further expansion in the coming months.
“For too long, coaching has been inflexible, unscalable, and inaccessible to anyone but the highest executives,” says Matti Niebelschütz, co-founder and Chief Delivery Officer of CoachHub. “Democratising coaching for people of all career levels worldwide allows more organisations to tap into the positive impact on employee performance and well-being that comes from personalised coaching. Higher employee engagement rates and mental health awareness are vital in these tumultuous times.”
