TaskHuman Raises $20M Series B For Digital Coaching

Digital coaching platform TaskHuman has raised $20 million in a Series B round, the company announced Thursday.

The new funding will be used for product development, sales and marketing, according to a press release from the company.

Madrona led the Series B round, which included participation from investors Impact Venture Capital, RingCentral Ventures, Sure Ventures, U.S. Venture Partners, Gaingels, PeopleTech Angels, Propel(x), Zoom Venture, Synetro Group, Hemant Thapar and Margo Georgiadis.

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“TaskHuman is a standout compared to other platforms in the space because it allows organizations to offer a truly comprehensive coaching solution — with both a wide range of personal coaching topics and real-time video on demand, connecting people with an expert instantly when they need it most,” John Torrey, a venture partner at Madrona, said in a statement.

The company, founded in 2017, lets users connect with coaches through video calls. They are able to receive guidance on topics such as fitness, career advice and financial well-being.

The Palo Alto, California-based company says it has more than 1,000 coaches in nearly 50 countries.

“This round of funding allows us to continue expanding our coaching offerings to support individuals personal and professional needs, while continuing to bring on a global network of specialists,” CEO Ravi Swaminathan said in a statement. “Employees can then build out their own dream team of personal coaches that are accessible via video call at any time, with just the click of a button.”

Swaminathan added in his statement that TaskHuman played into the gig economy by letting people make money using their expertise and passions to help others who might need coaching.

TaskHuman raised its Series A round, led by U.S. Venture Partners, in November, according to Crunchbase data. Impact Venture Capital led its seed round in June 2020.