As coaches realized they could coach people remotely, and clients realized that digital coaching was more efficient, the world of professional coaching has expanded. However, there was a problem in separating the wheat from the chaff. Corporates also realized that their staff could benefit, but still faced the same sifting problems. Three years ago, CoachHub was born. It used AI to find a marketplace that could do the sifting. The market is exploding, despite all the good intentions.
CoachHub, a Berlin-based company, has raised $80m in Series B2 funding. This brings its total Series B capital up to $110m. The total amount raised by investors Draper Esprit and Speedinvest has risen to $130m since 2019, thanks to the participation of RTP Global, HV Capital Venture Capital, Signals Venture Capital (Signals Venture Capital), Speedinvest, Partech and Speedinvest.
It raised $30 million in a Series B round last year, led by Draper Espit and existing investors HV Capital. Speedinvest, Signals Venture Capital, Speedinvest, and RTP Global were also involved.
This startup is competing with AceUp, a Boston-based aggregator that has raised $2.3M.
Three-year-old startup claims it has tripled its workforce and gained new clients such as Fujitsu and Electrolux.
Yannis Niebelschtz, co-founder and chief sales director, stated in a statement that the latest funding round will enable us to meet the growing demand for digital solutions for personal and training development. This was triggered by the pandemic.
Draper Esprit's investment director Christoph Hornung said that it is not just about the pandemic. We are seeing more and more digital-first platforms like CoachHub that are highly enriched and more dynamic in order to transform companies through education and training.
CoachHub claims it uses AI to match people with 2,500 well-being and business coaches in 70 countries on six continents. You can access coaching sessions in 60+ languages.