CoachHub raises $80M in Series “B2” round, as coaching goes digital in the pandemic

The world of professional coaching has grown over the years as coaches realised they could easily counsel people remotely and clients realized digital coaching was far more efficient. But, equally, a problem arose in how to sift the wheat from the chaff. At the same time corporates realised that their own staff could benefit – but faced the same sifting problem. In a classic Internet play, CoachHub came along three years ago and applied AI to a marketplace to do the sifting. All well and good, but with training and personal development going almost completely digital due to the pandemic, the market has exploded.

Berlin-based CoachHub has now raised $80m in a Series “B2” funding, increasing its total Series B capital to $110m. Investors Draper Esprit, RTP Global, HV Capital, Signals Venture Capital, Partech, and Speedinvest all participated bringing the total funds raised to $130m, since 2019.

Last year it raised a $30 million Series B round, also led by Draper Esprit, alongside existing investors HV Capital, Partech, Speedinvest, signals Venture Capital, and RTP Global.

The startup competes with other aggregators such as AceUp out of Boston, which has raised $2.3M.

The three year old startup says it has tripled its employees, and added new clients including Fujitsu, Electrolux, Babbel, ViacomCBS and KPMG.

Co-founder and Chief Sales Director Yannis Niebelschütz said in a statement: “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.”

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.”

CoachHub says it uses AI to match individuals with 2,500 business and well-being coaches in 70 countries across six continents. Coaching sessions are available in 60+ languages.

Credit belongs to : www.techcrunch.com

You May Also Like

Top highlights from Xpeng’s 2021 Tech Day

Chinese smart electric vehicle startup Xpeng has announced a series of innovations that direct the company towards crafting the mobility ecosystem of the future.  “Our exploration of more efficient, safer, carbon-neutral mobility solutions goes far beyond just smart EVs, and is the cornerstone of our long-term competitive advantages,” said He Xiaopeng, chairman and CEO of […]

The return of text is inevitable

Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. On Equity this week, we discussed the value of the written word. You can imagine that the resulting argument is inherently biased, considering we are three journalists who have bet our livelihoods […]
error: Content is protected !!