As coaches realized they could coach people from anywhere, and as clients discovered that digital coaching is far more effective than traditional coaching methods, the world of professional coaching has expanded. However, there was a challenge in separating the wheat from the chaff. Corporates also realized that they could use the AI to help their staff, but still faced the same problem. Three years ago, CoachHub was born. It used AI to find a market to perform the sifting. The market is exploding, despite all the good intentions.
Berlin-based CoachHub has now raised $80m in a Series “B2” funding, increasing its total Series B capital to $110m. The total amount raised by investors Draper Esprit and Speedinvest has risen to $130m since 2019, thanks to the participation of HV Capital, Signals Venture Capital (Signals Venture Capital), Speedinvest, Speedinvest, HV Capital, HV Capital, Signals Venture Capital and Signals Venture Capital.
It raised $30 million in a Series B round last year, led also by Draper Esprit and existing investors HV Capital., Partech. Speedinvest. signals Venture Capital.
This startup is competing with AceUp, a Boston-based aggregator that has raised $2.3M.
Three-year-old startup claims it has tripled the number of employees and gained new clients such as Fujitsu and Electrolux.
Yannis Niebelschutz, Chief Sales Director and co-founder of the company, stated in a statement that the latest funding round will enable them to satisfy the growing demand for digital training solutions and personal development. This was triggered by the pandemic.
Draper Esprit investment director Christoph Hornung said that it’s not just about the pandemic. We are seeing more and more digital-first platforms like CoachHub that are highly-enriched and more interactive. They are also more easily accessible to help companies transform through education and training.
CoachHub claims it employs AI to connect individuals with over 2,500 well-being and business coaches from 70 countries on six continents. You can access coaching sessions in more than 60 languages.
Publiated at 09:26:23 – 0000