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Draper Esprit joins $80m Series B2 investment in portfolio company, CoachHub

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Draper Esprit is pleased to announce our follow-on investment in portfolio company, CoachHub. The Series B2 funding bring the company’s total series B fundraising amount to US$110 million. Draper Esprit, RTP Global, HV Capital, Signals Venture Capital, Partech, and Speedinvest were all part of this latest round, bringing the total funds raised to $130 million since 2019. Draper Esprit originally invested in the digital coaching platform’s $30 million round in December 2020.

CoachHub’s innovative artificial intelligence software matches individuals with more than 2,500 certified business and well-being coaches in 70 countries across six continents, with sessions available in more than 60 languages. The company has more than 300 employees from 42 nationalities across Europe, North America, and Asia, and this latest round of funding will fuel further expansion in the coming months.

Yannis Niebelschütz, co-founder and Chief Sales Director at CoachHub commented:

“This latest round of funding will allow us to meet the ever-growing demand for digital solutions for training and personal development, which has been triggered by the pandemic. It also demonstrates the belief investors have in our platform and the value democratized coaching brings to forward-thinking organizations.”

Christoph Hornung, Investment Director at Draper Esprit commented:

“It’s no longer just about the pandemic. What we are increasingly seeing with digital-first, highly enriched platforms such as CoachHub are more dynamic and – crucially – more accessible tools to transform companies through training and education. We are delighted to continue backing CoachHub as it makes huge strides in the US and Asia and builds upon its position as Europe’s leading digital coaching platform.”