We are delighted to announce that Molten Ventures has participated in a $200m Series C funding round in CoachHub, the leading global digital coaching platform.
The round, led by Sofina and SoftBank Vision Fund 2, 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.
CoachHub’s innovative artificial intelligence software matches learners with more than 3,500 certified business and well-being coaches in 90 countries across six continents, with sessions available in more than 60 languages.
Since its inception, CoachHub has grown rapidly to become the global category leader. This latest round of funding will fuel further expansion, with particular emphasis on the United States. The company plans to increase its headcount to more than 1,000 worldwide employees by the end of the year. The company serves many leading global economies and works with large multinational enterprises like Coca-Cola, Danone, Toyota, LVMH, L'Oréal, Credit Suisse and Twitter.
This funding round comes on the heels of CoachHub’s expansion into the Asian and US market as well as the acquisition of leading French coaching platform MoovOne and leading Austrian provider Klaiton Coaching, strengthening CoachHub’s global category leadership.
Christoph Hornung, Partner at Molten Ventures said: “New generations of talent are seeking better and more diverse career development options and CoachHub is brilliantly and uniquely placed to provide them. Since our last investment, CoachHub has made sterling progress in professionalising and scaling key functions of the business and has built a strong, highly-diversified customer base.
“Today, thanks to strong revenue projections and industry-leading operational KPIs, CoachHub has more than doubled in valuation—cementing its position as the beating heart of this rapidly transforming industry.”
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."