Berlin-based digital coaching platform CoachHub has secured $200 million in a Series C round led by Sofina and SoftBank Vision Fund 2.
The round also saw participation from existing investors including Molten Ventures, Speedinvest, HV Capital, Signals Venture Capital and Silicon Valley Bank/SVB Capital.
The company intends to use the fresh capital to further scale its product innovation and operations while accelerating its expansion, primarily in the US. It also plans to increase its headcount from 850 worldwide employees to more than 1,000 by the end of the year.
Founded in 2019, CoachHub provides a global talent development platform that enables organisations to create personalised and scalable coaching programs for their entire workforce. Its pool of coaches is comprised of 3,500 certified business coaches in 90 countries, with coaching sessions available in over 60 languages. The company works with large multinational enterprises including Coca-Cola, Danone, Toyota, LVMH, L’Oréal, Credit Suisse and Twitter.
This latest round took the overall funding raised by CoachHub to $330 million. Last year, the company collected $80 million in a Series B round backed by Draper Esprit, RTP Global, HV Capital, Signals Venture Capital, Partech, and Speedinvest.
The company has recently started to expand into the Asian market and completed two add-ons: the acquisition of French coaching platform MoovOne and Austrian provider Klaiton Coaching, purchased in September 2021 and February 2022, respectively.
Date Published: 14 June 2022