Rain of money for Coachhub

25 million euros for Coachhub: not only well-known existing investors are putting their money into the Berlin start-up, but Tim Draper's London-based VC firm Draper Esprit has also joined in.

Brothers Yannis and Mattis Niebelschütz founded the coaching platform Coachhub as recently as 2018. Success was not long in coming: "The coronavirus pandemic has triggered a real run on digital training services," says Yannis Niebelschütz in an interview with Gründerszene. The brothers have now raised 25 million euros in a financing round. The existing investors HV Capital, Partech, Speedinvest, Signals Venture Capital and RTP Global are involved. The new investor is VC Draper Esprit from Tim Draper, who comes from one of the most influential Sillicon Valley families.

Coachhub plans to use the money to hire more employees, among other things. The Berlin-based start-up currently employs 160 people, including psychologists, business coaches and IT engineers. As the name suggests, Coachhub offers coaching for companies and their employees. The service is also available via video conference and smartphone, which is particularly beneficial in times of the pandemic.