The Great Resignation and subsequent rise in job openings have made for a competitive job market in which employees often seek out new employers rather than scaling at their existing company. To keep up with the demand for professional development, NYC-based CoachHub’s global platform provides companies with personalized, measurable and scalable coaching programs for the entire workforce, regardless of department and seniority level.
On Tuesday, CoachHub raked in a $200 million Series C round co-led by Sofina and SoftBank Vision Fund 2, bringing the company’s total funding raised to $330 million.
The Series C comes only nine months after the startup’s $80 million Series B raise. The plan then was to fuel expansion. Since then, CoachHub has grown its 300-person employee base to 850.
With its fresh funding, CoachHub plans to continue hiring with aims to have over 1,000 employees by the end of the year as it furthers its expansion in North America and globally, according to a company statement.
“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,” Matti Niebelschuetz, CoachHub co-founder, said in a statement. “Digital coaching offers these benefits and more, resulting in spiking global demand for CoachHub’s services.”
Through web and mobile applications, CoachHub’s digital coaching has over 3,500 certified business coaches that speak more than 60 languages and operate in 90 countries. Some of CoachHub’s big-name clients include Coca-Cola, Toyota, LVMH, L’Oréal and Twitter.
“We believe one-on-one coaching will continue to be one of the most effective ways of enhancing the socio-emotional and leadership skills needed to thrive in an increasingly complex and rapidly evolving workplace,” Harold Boël, CEO of Sofina, said in a statement. “As a company that seeks to democratize access to quality coaching, CoachHub’s mission resonates with our Responsible Investment strategy. We look forward to partnering with them to further their global ambitions.”
