HSBC Innovation Banking supports CoachHub with €40m funding

The HR tech market was worth $37 billion in 2023, and it is expected to reach $88 billion by 2033.

The sector is clearly booming, which helps to explain why HR tech companies are attracting so much investment. Recent examples include Beamery, Oyster and CloudPlay.

The latest news comes from Berlin-headquartered digital coaching company CoachHub – it has secured €40 million in financing from HSBC Innovation Banking UK.

Talking about the investment, Jean-Laurent Pelissier, Managing Director and Head of Enterprise Software at HSBC Innovation Banking UK, tells UNLEASH: “”HSBC Innovation Banking UK has a long track record of supporting high-growth VC-backed businesses across all life stage with fit-for-purpose debt structures to help complement equity rounds and accelerate growth, whilst limiting dilution to founders, employees, and existing investors.

This recent €40m debt facility for CoachHub is a huge testament to what Matti Niebelschütz and the CoachHub team have built.”

This growth financing builds on CoachHub’s existing $330 million in funding.

Most recently, the coaching company closed a $200 million Series C round in 2022, led by Sofina and SoftBank Vision Fund.

A promising, AI-powered future for CoachHub

CoachHub was founded in 2018, and it has grown its customer base to more than 1,000 companies across the world – noteworthy examples include the BBC, Virgin Atlantic, Booking.com and Cemex.

Growth is the focus of CoachHub as a result of the HSBC Innovation Banking financing.

The coaching company plans to use the money to accelerate its investment in AI – over the past year, CoachHub has invested significantly in AI coaches – and to further extend its product offerings.

Speaking to UNLEASH exclusively about the funding, Niebelschütz, who serves as CoachHub’s CEO, shares: “We are at a critical moment in workforce changes – with shifts in work models (hybrid, in office, remote), the need for upskilling and reskilling, AI integration, multi-generational teams, as well as economic recovery and growth.

Now is the perfect time to invest in our growth.

“At CoachHub, we’re committed to scaling our impact, driving innovation, and bringing transformative coaching to more organizations worldwide.

“This funding will help us accelerate that mission and empower even more individuals to thrive.

“Coaching not only unlocks individual potential, but also helps companies retain top talent, cultivating business growth and a healthier bottom line.”