Venture capital firms, including Draper Esprit, Speedinvest, and RTP Global, backed the CoachHub digital talent development platform for further expansion.
Talent development platform founded in Germany CoachHub has raised $ 80 million in a Series B2 funding round.
Funders included Draper Esprit, RTP Global, HV Capital, Signals Venture Capital, Partech, and Speedinvest.
Since its inception in 2018, CoachHub has expanded to more than 70 countries and six continents. It uses artificial intelligence to connect people with more than 2,500 certified business and wellness coaches around the world. The company has around 300 employees in Europe, North America and Asia. Offers coaching sessions in more than 60 languages.
In the first half of this year, it tripled its number of employees and added more brands to its growing customer base, which includes Fujitsu, Electrolux, Babbel, ViacomCBS and KPMG.
The company plans to use its most recent funding to continue its successful history of growth and capitalize on the increasing demand it has experienced for its training and personal development services during the pandemic.
Yannis Niebelschütz, CoachHub Co-Founder and Sales Director said: “This latest round of funding will allow us to meet the 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. “
The $ 80 million round increases CoachHub’s Series B total capital to $ 110 million, bringing its total funds raised since 2019 to $ 130 million.
Christoph Hornung, chief investment officer at venture capital firm Draper Esprit, which participated in the funding round, echoed Niebelschütz’s statement, adding: “It is no longer just about the pandemic. What we see more and more with highly enriched and digital-prioritizing platforms, such as CoachHub, are more dynamic and, fundamentally, more accessible tools to transform companies through training and education. “
The venture capital firm typically invests in high-growth, disruptive technology companies. He is a shareholder in a diverse portfolio of companies, including Trustpilot, UiPath, Ledger, Cazoo, and Graphcore.
Hornung said Draper Esprit was willing to invest in CoachHub’s continued expansion into the European, Asian and US markets.