Sayge announced a $1.7 million Seed Round of venture capital for its professional coaching marketplace. The round was led by Right Side Capital Management.
Coaching is getting increased attention from employers, tech providers, and investors. Trends that existed pre-COVID have been illuminated and driven increased adoption of not just tech, but company policy in this area. As other well-funded high growth providers, like BetterUp, continue to raise funds that come with both increased valuations and investor expectations many analysts look to a looming stress test of the coaching marketplace model. Simply put, can the quality of coaching scale globally as the number of coaches increases, all working across multiple customers? Will employers pull back from the marketplace and lean in more on technology or empowering coaches “in-house?”
$13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.