CoachHub, a German digital coaching platform, announced that it has secured $200M in a Series C round of funding led by Sofina and SoftBank Vision Fund 2.
Molten Ventures, Speedinvest, HV Capital, Signals Venture Capital, and Silicon Valley Bank/SVB Capital also participated in the round.
The announcement comes eight months after the company raised $80M, bringing the total fund raised to $330M.
The Berlin-based coaching platform says it will use the funds to accelerate expansion to the US and increase its headcount from 850 employees to more than 1,000 by 2022.
Matti Niebelschuetz and Yannis Niebelsch founded CoachHub in 2018 to help organizations create personalized, measurable, and scalable coaching programs for the entire workforce, regardless of department and seniority level.
Available as both web- and mobile-based applications, the platform matches learners with more than 3,500 certified business coaches that speak more than 60 languages and reside in 90 countries across all time zones.
CoachHub couples human intelligence with Artificial Intelligence (AI) to match employees with their ideal coaches and personalize the content library.
CoachHub claims it enables organizations to reap benefits, including increased employee engagement, higher levels of productivity, improved job performance, and increased retention.
The company’s programs are based on advanced R&D from its Coaching Lab, led by Prof. Jonathan Passmore and Scientific Board.
Currently, the company serves leading global economies and works with large multinational enterprises like Coca-Cola, Danone, Toyota, LVMH, L’Oréal, Credit Suisse, and Twitter.
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