Talent development platform CoachHub has closed a $200M Series C funding round, led by Sofina and SoftBank Vision Fund 2.
The round will be used to further scale CoachHub’s product innovation and operations while accelerating the company’s global expansion. Following an $80M round only eight months ago, this Series C brings the three-year-old company’s total funding to $330M.
This investment round comes at a time when the corporate learning industry is undergoing rapid transformation and the digital coaching segment is expected to grow by up to 100 times, resulting in most major organisations looking to implement digital coaching at scale by the end of the decade.
Since its inception three years ago, CoachHub has grown rapidly. This latest round of funding will fuel further expansion, including in Australia and New Zealand and the wider APAC region.
The company plans to increase its headcount from 850 worldwide employees to more than 1,000 by the end of the year. Currently, there are 27 employees in Australia with headquarters based in Melbourne.
This funding round comes on the heels of CoachHub’s expansion into the Asian market as well as the acquisition of leading French coaching platform MoovOne and leading Austrian provider Klaiton Coaching, elevating CoachHub into the global category leader.
In addition to Sofina and SoftBank Vision Fund 2, existing investors Molten Ventures, Silicon Valley Bank, HV Capital, Signals Venture Capital and Speedinvest also participated in the round.
Yanni Pipilis, managing partner, at SoftBank Investment Advisers said, “The Learning and Development sector is witnessing strong secular trends toward the digitisation and personalisation of services. CoachHub’s digital platform aims to provide a tailored coaching experience to employees at all levels to help advance their careers. We are pleased to partner with Yannis and the CoachHub team to support their mission of democratising coaching.”
Matti Niebelschuetz, co-founder of CoachHub said, “As workplaces continue adapting to the new normal of hybrid and remote models, leaders need individual support and solutions to boost employee performance, engagement and motivation, while keeping wellbeing at the forefront.
“Digital coaching offers these benefits and more, resulting in spiking global demand for CoachHub’s services.”
Provided by CoachHub to employees at all career levels — not just senior-level executives — coaching enhances leadership skills, improves job performance and ultimately builds a more resilient, more productive workforce.
The company serves Australian businesses including GrainCorp, MEGT, RMIT, World Vision, Epworth and Challenge Community Services, as well as many large multinational enterprises like Coca-Cola, Danone, Toyota, LVMH, L'Oréal, Credit Suisse and Twitter.