CoachHub, a Berlin-based AI-powered talent development platform, has raised $80 million in Series B2 funding, increasing its total Series B capital to $110 million.
Draper Esprit, RTP Global, HV Capital, Signals Venture Capital, Partech, and Speedinvest have participated in the round. The fund raised will be utilized in CoachHub's meteoric expansion.
CoachHub enables organizations to create a personalized, measurable, and scalable coaching program for the entire workforce, regardless of department and seniority level. It uses artificial intelligence to match individuals with more than 2,500 certified business and well-being coaches in 70 countries across six continents. Coaching sessions are available in more than 60 languages.
Founded in 2018 by serial entrepreneur brothers Yannis and Matti Niebelschütz, the company has more than 300 employees from 42 nationalities across Europe, North America, and Asia.
Speaking about the fundraise, Co-founder and Chief Sales Director of CoachHub 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. It also demonstrates the belief investors have in our platform and the value democratized coaching brings to forward-thinking organizations."
Measurability plays a major part in the CoachHub platform, with data and analytics serving to help employees and managers track their improvements and achievements through the CoachHub app.
Christoph Hornung, Investment Director, 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. We are delighted to continue backing CoachHub as it makes huge strides in the US and Asia and builds upon its position as Europe’s leading digital coaching platform."
The company said, it has tripled the number of employees and added some of the biggest, foremost global brands to its stable of clients including Fujitsu, Electrolux, Babbel, ViacomCBS, and KPMG.
Last year, CoachHub raised a $30 million in Series B round led by Draper Esprit, alongside existing investors HV Capital, Partech, Speedinvest, signals Venture Capital, and RTP Global.
With this latest round of funding, CoachHub is planning its further expansion in the coming months.