Sounding Board’s Hyper-growth Accelerates $30M Series B Funding

Sounding Board, Inc, the first customizable leadership coaching platform that combines technology and coaching to drive measurable business impact, announced the close of its $30m Series B funding. This announcement comes just months after closing an oversubscribed Series A earlier this year.  New lead investor, JAZZ Venture Partners, is joined by Sounding Board’s existing investors Canaan, Bloomberg Beta and Correlation Partners. The female-founded company also added investors Gaingels, Engage.vc, and an all-star panel of women business leaders passionate about the impact of coaching including Deb Liu (CEO of Ancestry.com), Yvonne Chen (former VP Marketing of Udemy), Sukhinder Singh Cassidy (Founder of theBoardlist), and Tammy Aguillon (Area VP @ DocuSign), underscoring Sounding Board’s commitment to diverse leaders and voices.

Sounding Board solves the most critical challenge facing organizations today – the ability to quickly develop leaders to drive measurable business impact during times of rapid change.  As a result, demand for scalable leadership coaching has exploded, with annual bookings increasing more than 350%, year over year, enterprise customer NRR over 200%, and sequential growth for the past seven quarters. The latest Series B funding enables Sounding Board to accelerate the rollout of their coaching management system for organizations looking to manage all of their coaching engagements on one unified platform, bringing data, transparency and accountability to their leadership programs. While the profession of coaching has grown in popularity, Sounding Board’s success is due to its focus on leadership coaching for talent development.  

With the launch of the Coaching Management System™, Sounding Board gives organizations the ability to manage all their coaching engagements in one, intelligent platform – whether they use Sounding Board leadership coaches, their internal coaches, or a combination.

According to a recent published study, 40 percent of U.S. workers either changed jobs, managers, or roles in 2020 (Bersin, 2021). The COVID-19 pandemic played a large role in these employment changes, with companies having to rebalance and redeploy talent to survive the early stages of the pandemic. 

Sounding Board, Inc. is the industry leader in scalable leadership coaching, with the world’s first customizable leadership coaching platform that combines technology and coaching to drive measurable business impact for global enterprises. The Coaching Management System (CMS) is designed to lift the administrative burden for organizations, making leadership coaching easier to deliver, manage, measure, and scale. With a globally managed network of world-class coaches covering over 60 countries and 15+ languages, Sounding Board works with enterprise and hypergrowth client-partners like Chime, Zoom, Dropbox, Cloudera, VMware, Mozilla, Bloomberg, Plaid, and UserTesting among others to develop coaching solutions designed to drive leadership development and organizational success. In 2021, Co-Founders Christine Tao and Lori Mazan were named EY Entrepreneurial Winning Women™ North America Class of 2021. Sounding Board was named among the GSV EdTech 150 as one of 2021’s Most Transformational Growth Companies in Digital Learning and a GOLD GLOBEE® WINNER for Career and Workforce Readiness Solution. For more information, visit www.soundingboardinc.com  

JAZZ Venture Partners invests in companies that extend the boundaries of human performance — improving how we live, learn, work, play, and experience the world. Their portfolio companies are unlocking human potential in health, mind-body wellness, accelerated learning and training, sports, entertainment, and the enterprise. For more information visit www.jazzvp.com

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