CoachHub, the talent development platform based out of Berlin, has announced an additional investment of $4 million (approx €3.5 million) to its Series A funding – bringing the total raised in 2019 to $21 million (approx €18.8 million).
The funding round was led by y existing investors, HV Holtzbrinck Ventures, Partech, Speedinvest x, and RTP Global, along with a new investor, signals Venture Capital.
The drivers of employee satisfaction and engagement have evolved. In the current landscape, employees seek a sense of purpose, belonging, inclusion, and personal growth.
As a result, employee disengagement and high turnover have become a harsh reality in a large number of organizations worldwide. In order to address and resolve these challenges, CoachHub wants to redefine how organizations think of, approach, and build out their HR programs to include a personalized, scalable, and measurable coaching technology.
Founded in 2018 by entrepreneurs Yannis Niebelschuetz and Matti Niebelschuetz, CoachHub is a talent development platform that enables organizations to create a personalized, measurable, and scalable coaching program for the entire workforce, regardless of department and seniority level.
With this platform, both organisations and their employees can reap a multitude of benefits, including increased engagement, higher levels of productivity, improved job performance, and way much more.
As CoachHub closes out the 2019 year, the company has signed over 75 new customers in 14 countries in this year alone, including the United States, United Kingdom, Germany, France, Switzerland, Spain, and the Netherlands. These include some of the world’s most renowned global brands, such as Danone, Fujitsu, and Generali.
Yannis Niebelschuetz, Co-Founder & Managing Director of CoachHub, said:
With employee disengagement and turnover rates soaring higher and higher every year, organizations cannot afford to keep their traditional mindset about HR programs if they want to keep employees happy, engaged, productive and, most importantly, empowered to do their best work and find a sense of fulfillment from their roles and employers. With this latest round of funding, we’re pleased that our investors recognize and support the work that our teams are doing to build the best, most intuitive, and impactful coaching platform in the world. We have ambitious goals coupled with a proactive strategy, talented teams, and passion for making 2020 a monumental year for our business and all of the organizations that we serve.
Main image credits: CoachHub
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