CoachHub, a startup that helps companies make coaching accessible to employees of all career levels, has raised €6 million to fuel its growth and expand its global pool of online coaches. HV Holtzbrinck Ventures, Partech, and Speedinvest x participated in the round.
CoachHub coaches cover fields like time management, stress management, and leadership skills. Companies invite employees to the digital coaching platform, where an AI-based matching system suggests three business coaches that perfectly fit the employee’s individual requirements. Coach and coachee communicate directly via the CoachHub app on a smartphone or the web. Coaching usually takes place via biweekly video calls, and e-learning tasks are available to provide further personal development. At any time, employees can communicate with their coach via an integrated chat function.
Launched in 2018, CoachHub’s global coaching pool currently consists of more than 300 qualified coaches who speak some 30 languages. More than 100 companies, including corporations such as Generali, Cargill, Hanseatic Bank, and tech companies such as SoundCloud and HelloFresh are already using CoachHub. The startup believes it is on its way to establish digital coaching throughout Europe, helping managers and high-potential individuals achieve top performance.
“CoachHub allows our customers to turn organisational challenges into opportunities," said CoachHub founder and managing director Yannis Niebelschuetz. “Coaches can be provided and scaled effortlessly throughout global corporate groups, meaning that effective coaching becomes measurable and affordable. With this investment, we’ll continue advancing our technology and significantly expand our global pool of coaching experts. Our rapidly growing team of 50 employees is delighted to provide this great innovation to people all over the world."