Berlin-based digital coaching platform CoachHub has raised an additional $80 million in a Series B round extension, or B2 as the kids are calling it these days, but I'm going with roundlette. Using a proprietary AI-based solution, CoachHub matches customers with the perfect fit amongst a network of over 2,500 certified business and well-being coaches in 70 countries across six continents in 60 different languages. The new pile of cash is expected to further fuel CoachHub’s explosive growth and expansion plans.
Founded in 2018, none of us could have predicted a global shutdown, but the timing for founders Matti Niebelschuetz and Yannis Niebelschuetz couldn’t have been better (if that’s even the right way to say it?). Nothing’s perfect straight out of the gate, and the CoachHub team had a reasonable amount of time to refine their process before demand shot through the roof.
The case in point: CoachHub reports that the first half of 2021 alone has outperformed all of 2020’s new business, and brands including Fujitsu, Electrolux, Babbel, ViacomCBS, and KPMG flocking to their doors. In order to support this breakneck pace, the team has tripled in size to over 300 with 42 nationalities represented across Europe, North America, and Asia.
The Series B2 funding round (roundlette?) was led by Draper Esprit and RTP Global, with HV Capital, Signals Venture Capital, Partech, and Speedinvest all taking part.
“Since we first invested in CoachHub in late 2019, the company has never ceased to impress us. Its team of industry-leading scientists, researchers and advisers – along with a worldwide pool of top coaches – are all demonstrating a clear passion to democratise coaching across the world. Matti and Yannis are 100% focused on their vision and are backed by outstanding execution and growing ambition,” concludes RTP Global’s Alexander Pavlov.
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