CoachHub, a Berlin-based digital coaching platform, announced today that it has closed a $200M Series C funding round, led by Sofina and SoftBank Vision Fund 2.
Existing investors, including Molten Ventures, Speedinvest, HV Capital, Signals Venture Capital, and Silicon Valley Bank/SVB Capital, also participated in the round.
How will the funding be used?
The German company will use the funds to scale its product innovation and operations and accelerate global expansion. The company also plans to increase its headcount from 850 global employees to more than 1000 by the end of the year.
“As workplaces continue adapting to the new normal of hybrid and remote models, leaders need individual support and solutions to boost employee performance, engagement, and motivation, while keeping wellbeing at the forefront,” says Matti Niebelschuetz, Co-founder of CoachHub. “Digital coaching offers these benefits and more, resulting in spiking global demand for CoachHub’s services.”
Talent development platform
Founded by Matti Niebelschuetz, and Yannis Niebelsch in 2018, CoachHub is the talent development platform that enables organisations to create personalised, measurable, and scalable coaching programs for the entire workforce.
With this platform, organisations benefits in various aspects, including increased employee engagement, higher levels of productivity, improved job performance, and increased retention.
The app couples human intelligence with AI technology to pair employees with their ideal coaches and curate a library of content that enhances their learning journey.
The platform comprises over 3,500 certified business coaches in 90 countries across six continents with coaching sessions available in over 60 languages, to serve more than 500 clients.
According to CoachChub, its programmes are based on advanced R&D from our Coaching Lab, led by Prof. Jonathan Passmore and our Scientific Board.
The company is backed by leading tech investors, including Sofina, SoftBank Vision Fund 2, Molten, Silicon Valley Bank, HV Capital, Partech, Signals Venture Capital and Speedinvest.
In September 2021, CoachHub acquired French digital coaching pioneer MoovOne and in February 2022 the coaching division of Klaiton in Austria, to build a global champion focused on democratising coaching.
Yanni Pipilis, Managing Partner at SoftBank Investment Advisers said, “The Learning and Development sector is witnessing strong secular trends toward the digitisation and personalisation of services. CoachHub’s digital platform aims to provide a tailored coaching
experience to employees at all levels to help advance their careers. We are pleased to partner with Yannis and the CoachHub team to support their mission of democratising coaching.”
Sofina is a family-controlled investment company listed on Euronext Brussels, managing its own assets of circa €11B.
“We believe 1:1 coaching will continue to be one of the most effective ways of enhancing the socio-emotional and leadership skills needed to thrive in an increasingly complex and rapidly evolving workplace. As a company that seeks to democratise access to quality coaching, CoachHub’s mission resonates with our Responsible Investment strategy. We look forward to partnering with them to further their global ambitions.” said Harold Boël, CEO, Sofina.