Berlin-based digital coaching platform CoachHub has secured $30 million in funding round led by new investor Draper Esprit, alongside existing investors HV Capital, Partech, Speedinvest, signals Venture Capital and RTP Global.
The startup, which uses AI to match individuals to business coaches, has seen significant growth since it was founded in 2018 by brothers Yannis and Matti Niebelschuetz. In the second half of last year, they raised two separate funding rounds, the first at €6 million and the second at €10 million.
With that the team has built a global network of more than 1,000 certified coaches across six continents. CoachHub will use the new capital to add another 1,000 coaches to its network and make 120 new hires across Europe, Asia and the US, which would bring the team to 300.
The German company also has plans to develop its think tank “Coaching Lab”, which uses machine learning and business intelligence to drive behaviour research and development in the field of coaching.
Clients using the platform include from large corporations, such as Generali and Bosch Rexroth, to tech startups like SoundCloud and HelloFresh. Most recently it signed up BNP Paribas and SumUp.
Photo: Founders Yannis and Matti Niebelschuetz