CoachHub raises €10m investment to fund UK expansion

CoachHub raises €10m investment to fund UK expansion

CoachHub is a digital coaching platform that is available to companies who want to give employees their own dedicated coach who is there to help manage learning units, set goals and measure success.

The aim is to condition staff to become highly effective, successful team members using consistent development, therefore ensuring long-term behavioural changes.

The German tech company has secured €10m in its latest round of funding after receiving €6m just three months ago. The total of €16m will be used to build a European think-tank for business coaching and to introduce a further 200 employees in Europe, including 20 new hires from the UK.

The funding has been supplied by current investors in the company HV Holtzbrinck Ventures and Partech and Speedinvest. A new investor, RTP Global, has also been introduced.

CoachHub is a startup that encourages businesses to provide personalised coaching to employees which can be used through a global coach pool that is supported by artificial intelligence.

The company was founded in Berlin by entrepreneur brothers, Yannis and Matti Niebelschuetz, and has developed into the largest provider of digital coaching in Europe with 75 employees and plans to more than double that number by mid-2020.

“The UK is a really receptive market for digital coaching. Where currently the reliance on in-person coaching sessions – which is inflexible, time-consuming and unscalable – has kept coaching out of reach for all but the most senior staff,” a spokesperson told BusinessCloud.

They added: “Our customers are seeing measurable results in terms of increased rates of employee retention and happiness, while regular, tailored coaching sessions have been shown to have a positive impact on business and employee performance.”

The firm aims to provide individuals with time management, stress management and leadership skills. Its influence has spread globally and now has a network of more than 400 certified coaches in six continents and 30+ languages.

CoachHub is currently working with employees at over 100 companies, such as HelloFresh and SoundCloud, and supplies the partakers with some of Europe´s leading professors, psychologists, coaches, researches and learning experts.

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