Today we’re going to talk about a company that helps organisations create a personalised, measurable and scalable coaching programme for the entire workforce regardless of department and seniority level.
Founded in 2018, CoachHub is a leading global talent development platform with over 3,500 certified business coaches in 90 countries.
The firm provides sessions in over 60 languages and serves over 1,000 clients around the world. They include some of the biggest names including Coca-Cola, Toyota, LVMH, L’Oreal and Twitter.
It says coaching helps firms reap benefits from increased employee engagement, higher levels of productivity, improved job performance and increased retention.
And it seems like the market for coaching is a lucrative one. According to a 2020 International Coaching Federation (ICF) study undertaken by PwC, the estimated global total revenue from coaching in 2019 was US$2.849 billion, representing a 21% increase over the 2015 estimate.
But what are the drivers of growth in the industry and what do they mean for CoachHub?
Meanwhile, CoachHub raised US$200 million in Series C funding in a round led by Sofina and Softbank Fund Vision 2 in June last year.
The company said then that it wants to use the money to expand its footprint within the APAC region, particularly in Singapore.
But what is the strategic value brought about by this group of investors, and how far has CoachHub’s plans to expand within Asia been realised, one year down the road?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Jimmy Li, VP for APAC, CoachHub.