Draper Esprit leads $30m round for CoachHub

Also participating in the round were existing investors HV Capital, Partech, Speedinvest, Signals Venture Capital and RTP Global.

CoachHub plans to use the proceeds from the funding round to hire 120 new staff and to add 1,000 further coaches to its network, according to a statement. The company also plans to continue the development of its behaviour research platform, Coach Lab.

Previous funding
In August 2019, HV Capital, Partech and Speedinvest took part in a €6m funding round for CoachHub.

In November 2019, HV Capital, RTP Global, Partech and Speedinvest backed a €10m round for CoachHub. According to Unquote Data, Partech invested via Partech Entrepreneur III, while Speedinvest invested via Speedinvest x, its software-focused fund.

Company
CoachHub develops software for professional training. The software uses an AI-based algorithm to match individuals seeking training with business coaches. The company partnered with around 400 coaches across six continents at the time of its previous funding round and now counts 1,000 coaches in its network. Founded in 2018 and based in Berlin, CoachHub employs 180 staff.

People
CoachHub – Yannis Niebelschütz (co-founder, chief marketing and sales director), Matti Niebelschütz.(chief delivery officer).
Draper Esprit – Christoph Hornung (investment director).
HV Capital  – David Kuczek (general partner).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• Germany
• Draper Esprit
• Holtzbrinck Ventures
• Partech Ventures