PR96448

SINGAPORE, June 15, 2022 /PRNewswire=KYODO JBN/ --

Global coaching pioneer secures funding to accelerate the rise of digital

coaching around the world.

CoachHub(https://coachhub.com/), the leading global digital coaching platform,

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. In addition to Sofina and SoftBank Vision Fund 2,

existing investors Molten Ventures, Silicon Valley Bank/SVB Capital, HV

Capital, Signals Venture Capital and Speedinvest also participated in the round.

The significant growth investment round pays tribute to CoachHub's outstanding

traction and global market position. 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

(https://www.gartner.com/en/articles/3-standout-trends-from-the-hype-cycle-for-human-capital-management),

resulting in most major organizations looking to implement digital coaching at

scale by the end of the decade.

Yanni Pipilis, Managing Partner at SoftBank Investment Advisers said, "The

Learning and Development sector is witnessing strong secular trends toward the

digitization and personalization 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 democratizing coaching."

A vast majority (77%) of learning and development professionals feel there is

now a greater need to train and develop employees than before the COVID-19

pandemic, according to CoachHub's recent Global HR Survey

(https://resources.coachhub.io/global-hr-survey-people-development-for-business-growth?__hstc=19131879.9d51f836b2453149399e1e45758800a3.1645747524129.1645747524129.1645747524129.1&__hssc=19131879.1.1645747524129&__hsfp=3646573209).

Coaching plays an important role in people development strategies and is now

more accessible than ever with CoachHub's convenient, location-independent

digital platform.

"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," said

Matti Niebelschuetz, Co-founder of CoachHub. "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. Through web- and

mobile-based applications, the revolutionary end-to-end digital coaching

platform matches learners to a pool of more than 3,500 certified business

coaches that speak more than 60 languages and reside in 90 countries, across

all time zones. The app couples human intelligence with artificial intelligence

technology to pair employees with their ideal coaches and curate a library of

content that enhances their learning journey.

Since its inception three years ago, CoachHub has grown rapidly. This latest

round of funding will fuel further expansion, with particular emphasis on the

United States. The company plans to increase its headcount from 850 worldwide

employees to more than 1,000 by the end of the year. The company serves most

leading global economies and works with large multinational enterprises like

Coca-Cola, Danone, Toyota, LVMH, L'Oréal, Credit Suisse and Twitter.

CoachHub is supported by more than 150 product engineers and a world-class,

in-house Coaching Lab that employs a team of 30 leading behavioral scientists

and is headed by Prof. Dr. Jonathan Passmore, the renowned professional

psychologist and coaching researcher. The CoachHub Science Council is an

international team of behavioral science experts and educators who help drive

R&D for the company by converting scientific evidence into a science-based

digital coaching offer. The company also maintains strategic partnerships with

renowned organizations like EMCC Global.

"We believe 1:1 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. 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," said Harold Boël, CEO, Sofina.

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.

About CoachHub

CoachHub(http://coachhub.com/) is the leading global talent development

platform that enables organizations to create personalized, measurable and

scalable coaching programs for the entire workforce, regardless of department

and seniority level. By doing so, organizations are able to reap a multitude of

benefits, including increased employee engagement, higher levels of

productivity, improved job performance and increased retention. CoachHub's

global pool of coaches comprises over 3,500 certified business coaches in 90

countries across six continents with coaching sessions available in over 60

languages, to serve more than 500 clients. Our programs are based on advanced

R&D from our Coaching Lab, led by Prof. Jonathan Passmore and our Scientific

Board. CoachHub is backed by leading tech investors, including Sofina, SoftBank

Vision Fund 2, Molten, Silicon Valley Bank, HV Capital, Partech, Signals

Venture Capital and Speedinvest. In September 2021, CoachHub acquired French

digital coaching pioneer MoovOne and in February 2022 the coaching division of

Klaiton in Austria, to build a global champion focused on democratizing

coaching.

About Sofina

Sofina is a family controlled and run investment company listed on Euronext

Brussels, managing its own assets of circa €11 billion. Sofina aspires to be

the preferred partner of entrepreneurs and families who lead growing companies

by backing them with patient capital and supportive advice. Common vision and

strong alignment of interests with its partners are paramount in the deployment

of its sustainable strategy. For more information, visit www.sofinagroup.com.

SOURCE:  CoachHub