
HV Holtzbrinck et al. back €10m round for Coachhub
HV Holtzbrinck Ventures, RTP Global, Partech and Speedinvest have backed a €10m round for CoachHub, a German digital coaching and training software platform.
The company has raised €16m in funding this year and plans to use the fresh capital to develop its platform in the UK, as well as France, Germany, southern Europe, Benelux and the Nordic region. CoachHub will also invest in R&D via its Coaching Lab and aims to grow its headcount to 200 people by mid-2020.
New investor RTP Global has participated in two other rounds for German software companies this year. The Russian VC participated in the €5.5m round for AI-based software developer E-bot7. It also invested an undisclosed amount in the round for Peat, the company behind plant disease diagnostics app Plantix.
Previous funding
In August, Unquote reported on CoachHub's previous €6m funding round. HV, Partech and Speedinvest took part in the round.
Company
Berlin-based CoachHub was founded in 2018 and develops software for professional training, partnering with more than 400 coaches across six continents. The company employs 75 staff. Its client base includes SoundCloud, DeliveryHero, FlixBus and Sparkasse.
People
CoachHub – Yannis Niebelschuetz (founder, managing director).
HV Holtzbrinck Ventures – David Kuczek (general partner).
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