On August 24, 2021, New York, United States-based Bravely announced its latest funding led by Telescope Partners. Bravely is a platform that connects employees with professional coaches for confidential conversations about whatever they face at work. Bravely executive coaching startup offers on-demand professional coaching and development to employees via their employers. It acts as a conflict solutionist between employees and employers.
Bravely executive coaching startup for professional training and development raised a Series A fund of $15M, which will help Bravely fund its expansion strategy. Besides Telescope Partners, prior investors including Primary Ventures, Bling Capital, Correlation Ventures, RiverPark Ventures, and Tuesday Fund joined the funding round. SemperVirens Venture Capital joined the round for Bravely as a new investor. Founded in 2017, to date, Bravely has raised a total of fund of $18M in three rounds.
According to the Co-founder & President of Bravely, Sarah Sheehan, “The world of work is undergoing the biggest change we’ve seen in our lifetimes. The competition for talent right now is unprecedented, and there’s more attention than ever on the tools companies offer to support their employees’ growth and development. The choice is: rise to meet the new standards, or lose your most valuable asset, which is your people.”
Toby Hervey, the Co-founder and CEO of Bravely, says that each person’s experience and needs at work are unique, wherein individual coaching helps unlock performance and maximize potential. Bravely technology-forward approach and scalable pricing model enables businesses to access coaching for all levels of the employee base. Bravely fosters a culture of belonging and success helping businesses prosper.
Bravely’s growth objective primarily focuses on global expansion besides developing powerful new data capabilities and the capacity to serve diverse individual employee needs. The company also plans to bring in automation and personalization to power research, informing Bravely’s ethical and inclusion-focused use of data that helps develop a People Science function within the organization.
Bravely has clients across 68 countries in 33 languages. Some of its users include Autodesk, Better Mortgage, Harry’s, Nasdaq, Pinterest, Samsara, Twilio, Zillow Group, and Yelp. As per the organization, Bravely’s transformative coaching capabilities don’t discriminate against identity or race. Bravely’s engagement ratio reflects that 61% of all coaching sessions are completed by women, 45% by people of color, and 12% by LGBTQ+ people.
The Corporate Leadership Training market revenue was 4595 Million USD in 2019 and will reach 10252 Million USD in 2025, with a CAGR of 14.31% during 2021-2025. Dale Carnegie Training, AchieveForum, Linkage, Harvard Business Publishing, Wilson Learning, and VitalSmarts rank as the top players in this executive coaching market. For Bravely to grow in this competitive market has gained the trust of the founder of Telescope Partners, Mickey Arabelovic, who says that Bravely’s innovative model for providing access to everyone at scale makes them feel proud to be a part of the investment committee.