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Sounding Board Lands Series B To Move Coaching Beyond Services And Into Saas

Sounding Board Lands Series B To Move Coaching Beyond Services And Into Saas

12/01/21, 6:50 PM
Round Type
series b
Sounding Board, which started as a platform to connect leaders to coaches through a marketplace, realized early in the pandemic that mentorship needs a refresh.

Company Info

Company
Sounding Board
Additional Info
While Tao wouldn’t share specifics on revenues, the company said revenue was in the ‘multi-millions’ in the past and annual bookings have increased more than 350% year over year. Looking at stickiness, Sounding Board claims that net revenue retention is over 200%, meaning that existing customers continue to pay for the platform as time goes on. ”Sounding Board currently has 100 customers, including Plaid, Chime and Bill.com.Executive coaching for employees is complicated and emotional Sounding Board is more interested in solving for the capability side of executive training, and for now, has no plans to focus on the mental health aspect of it.