CoachHub, the leading talent development platform that enables global organizations to create a personalized, intuitive and impactful coaching program for the entire workforce, today announced an additional investment of $4 million to its Series A funding – bringing the total raised in 2019 to $21 million.
The latest round of funding was led by 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 over time – from transactional benefits, such as a recurring paycheck, health insurance and pension contributions to the current landscape where 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 organisations worldwide.
“With employee disengagement and turnover rates soaring higher and higher every year, organisations simply 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 fulfilment from their roles and employers,” said Yannis Niebelschuetz, Co-Founder & Managing Director of CoachHub.
“With this latest round of funding, we’re pleased that our investors recognise 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 to make 2020 a monumental year for our business and all of the organisations that we serve.”
As CoachHub closes out the 2019 year, the company has signed over 75 new customers in 14 countries in this year alone, including some of the world’s most renowned global brands, such as Danone, Fujitsu and Generali.
Marcus Polke, Managing Partner of signals Venture Capital added: “CoachHub has put technology to work to enable human interaction, encourage bespoke professional development and provide organisations with the tools to leverage their human capital.
In times where rapid changes and transformations require adaptability from all, we find CoachHub’s mission truly compelling as enterprise software investors. We are excited to be joining this company and a fantastic group of investors on their journey to fundamentally transform professional development at work.”