The digital coaching platform CoachHub has raised a €10 million funding round, from existing investors HV Holtzbrinck Ventures, Partech and Speedinvest and new investor RTP Global. After raising €6 million just three months ago, the latest round brings total funds raised this year to €16 million, recognising CoachHub’s position as the leading digital coaching provider in Europe.
Founded in 2018, the startup will use the funding to accelerate the platform’s growth and grow its global pool of coaches in the UK, alongside all other core European markets, such as France, Germany, Southern Europe, Benelux and the Nordics.
The young company will also use the funds to further develop its Coaching Lab, a think tank that drives behavioural research and development in the coaching space. It provides a repository of expert insights and tools to support the development of coachees, such as how to optimise their workplace performance and thrive on a personal level. Contributors include some of Europe’s leading professors, psychologists, coaches, researchers and learning experts.
Founded in Berlin by serial entrepreneur brothers Yannis and Matti Niebelschuetz, CoachHub democratises coaching by enabling access to employees at all career levels for coaching services traditionally only available to top executives. CoachHub’s coaches cover a range of disciplines including time management, stress management and leadership skills.
The company already boasts 75 employees and is on track to grow to 200 people by mid-2020, including a strong sales team of 120 people. This makes it the fastest growing European company in the online coaching space. The planned growth will include 20 UK hires in sales, marketing and operations.
CoachHub has acquired a global network of more than 400 certified coaches, across six continents and 30+ languages. Its coaches work remotely with employees at over 100 companies, including large corporations like Generali and Bosch Rexroth, and tech startups like SoundCloud and HelloFresh.
The CoachHub “Mobile Coaching Cloud” enables employees of all career levels to develop their full potential, while driving the transformation of their companies through digital, personalized coaching. A worldwide pool of coaches and web as well as smartphone applications enable live coaching sessions via video calls. This way CoachHub aims at improving the leadership skills of managers and helps teams to work together more successfully.