CoachHub, a Berlin, Germany-based digital coaching platform, secured $30 million (approx. €25 million) in funding. The round, which brings the total funds raised to $50m following the company’s $20m funding round in late 2019, was led by new investor Draper Esprit, with participation from existing investors HV Capital, Partech, Speedinvest, signals Venture Capital and RTP Global.
Yannis Niebelschütz, co-founder and chief marketing and sales director, CoachHub: “The pandemic has triggered a huge surge in digital solutions for training and personal development. Company leaders and HR professionals are desperately looking for support as they move more of their operations online. With this new funding, we can continue to meet the enormous demand whilst significantly expanding our network.”
The company will use the new funds to accelerate its growth in the digital coaching market, with plans to add 1000 coaches to its network and make 120 new hires across Europe, Asia and the US, which would bring the team to 300.
Announcement: CoachHub Raises Additional $30M in Funding