Digital coaching platform CoachHub has announced it has closed a $200m Series C funding round to further scale its product innovation and operations while accelerating its global expansion.
The round was led by Sofina and SoftBank Vision Fund 2, with participation from existing investors Molten Ventures, Speedinvest, HV Capital, Signals Venture Capital and Silicon Valley Bank/SVB Capital.
Following an $80m round only eight months ago, the funding brings the three-year-old company’s total funding to $330m.
“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,” said Matti Niebelschuetz (pictured right), co-founder of CoachHub. “Digital coaching offers these benefits and more, resulting in spiking global demand for CoachHub’s services.”
As part of its expansion within Europe, the company said the funds will also enable it to increase its headcount from 850 worldwide employees to more than 1,000 by the end of the year.
CoachHub says it provides a global talent development platform that enables organisations to create personalised, measurable and scalable coaching programmes for the entire workforce, regardless of department and seniority level.
“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,” added Harold Boël, CEO, of Sofina. “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.”
The funding round comes after CoachHub’s expansion into the Asian market and acquisition of French coaching platform MoovOne in 2021 and Austrian provider Klaiton Coaching earlier this year.
