Berlin-based digital coaching platform CoachHub has raised $80 million in Series B2 funding, increasing its total Series B capital to $110 million.
Investors included Draper Esprit, RTP Global, HV Capital, Signals Venture Capital, Partech, and Speedinvest.
The latest round brings CoachHub’s total funds raised to $130 million since 2019.
CoachHub uses artificial intelligence to match individuals with more than 2,500 certified business and wellbeing coaches in 70 countries. Coaching sessions are available in more than 60 languages and the company has more than 300 employees from 42 nationalities across Europe, North America, and Asia.
CoachHub stated it will use the new funding for expansion of its business.
Yannis Niebelschütz, CoachHub’s co-founder and chief sales director said: “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 democratised coaching brings to forward-thinking organisations.”
Matti Niebelschütz, co-founder and chief delivery officer of CoachHub, added: “For too long, coaching has been inflexible, unscalable, and inaccessible to anyone but the highest executives. Democratising coaching for people of all career levels worldwide allows more organisations to tap into the positive impact on employee performance and wellbeing that comes from personalised coaching. Higher employee engagement rates and mental health awareness are vital in these tumultuous times.”
Christoph Hornung, investment director at Draper Esprit said: “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, commented: “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% 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 $80 million round.
Date published: 7 September 2021