Fundraising Fox

Sounding Board

Acquired

Aliso Viejo, US · Founded 2016 · Delaware corporation · 11 known investors

Find your way into Sounding Board

588 people in our graph share verified history with the Sounding Board team — schools, employers, funds. One of them is your warm intro.

Rebecca Jamesunlockedknows Christine Tao · together at The Wharton School (overlapped)
×4knows the team · via The Wharton School
knows the team · via BTS
×2knows the team · via University of San Francisco
×2knows the team · via Saratoga High School
×2knows the team · via YouTube

Sounding Board provides leadership development and coaching programs delivered through software, combining a global network of expert coaches with tools to build, manage, track, and measure development initiatives. It serves enterprise talent development and learning teams looking to develop managers, executives, and emerging leaders across their organizations.

Also known as Sounding Board Inc · Sounding Board, Inc.

Founders & leadership

Sounding Board was founded in 2016 by Lori Mazan and Christine Tao.

LMLori Mazan
Lori MazaninCo-founder & Chief Coaching OfficerLori Mazan spent two decades as an executive coach working with CEOs and leaders at Fortune 100 companies, venture-backed growth companies, and educational institutions before co-founding Sounding Board in 2016.
CTChristine Tao
Christine TaoinCo-Founder & CEOShe previously served as SVP of a VC-backed startup where she led leadership development initiatives.

Investors · 11

Also in the syndicate · 7

CanaanCorrelation PartnersDeb LiuEngage.vcSukhinder Singh CassidyTammy AguillonYvonne Chen

Reported raises · per SEC filings

Form D private placements

$16.2M disclosed across 4 of 6 rounds · 2017–2021

$13.2MraisedDec 2020 · 11 investors · Business Services
Rule 506(b)
Officers, directors & promoters on the filing
  • MAHA IBRAHIMDirector
  • CHRISTINE TAOExecutive Officer, Director
  • LORI MAZANExecutive Officer, Director
Offering amount
$13.2M
Amount sold
$13.2M
Minimum investment
$1
First sale
Dec 2020
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.9MraisedApr 2020 · 4 investors · Business Services
Rule 506(b)
Officers, directors & promoters on the filing
  • Christine TaoExecutive Officer, Director
  • Lori MazanExecutive Officer, Director
Offering amount
$3M
Amount sold
$1.9M
First sale
Oct 2019
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$500KraisedJan 2019 · 1 investors · Business Services
Rule 506(b)
Officers, directors & promoters on the filing
  • Christine TaoExecutive Officer, Director
  • Lori MazanExecutive Officer, Director
Offering amount
$1M
Amount sold
$500K
First sale
Jan 2019
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$650KraisedSep 2017 · 1 investors · Business Services
Rule 506(b)
Officers, directors & promoters on the filing
  • Christine TaoExecutive Officer, Director
  • Lori MazanDirector
Offering amount
$1.3M
Amount sold
$650K
First sale
Aug 2017
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Sounding Board provides leadership development delivered through a software platform combined with a global network of external coaches. Its Dynamic Leader Development Suite is packaged in three tiers: Expand, for organizations running scalable internal development programs on the company's software; Guide, for externally delivered coaching drawn from Sounding Board's coaching network; and Transform, an integrated option covering internal and external programs across all leader levels. An Accelerate offering targets individuals seeking personal professional coaching.

Service formats include 1:1 leadership coaching, group coaching (marketed as Leadership Labs and Leadership Studios), a mentoring module and an on-demand coaching module. The program-delivery software is used to build, manage, scale, track and measure development programs from a single system, with configurable dashboards for metrics such as participation and goal progression, and a proprietary algorithm that automates coach-to-leader matching. The company positions coaching outcomes against business results, citing improvements in cross-functional interaction, trust and credibility between management and teams, conflict resolution and strategic thinking.

Sounding Board's coaches are certified by accrediting bodies including the IAC, EMCC, CCE and ICF (ACC, PCC and MCC levels), average more than seven years of leadership experience, and are reported by the company to have a 92% retention rate. Co-founder and Chief Coaching Officer Lori Mazan has authored a leadership strategy guide aimed at talent development and learning leaders.

Founding story

Sounding Board originated in the coaching relationship between its two co-founders. Christine Tao was a sales executive at Tapjoy with an undergraduate business degree from Berkeley and an MBA from Wharton, who advanced quickly at a fast-growing startup without formal training in leadership skills. Lori Mazan, an executive coach with a 25-year record of developing Fortune 500 CEOs and C-suite leaders at public and private companies, coached Tao; the company states that this work contributed to Tao's organizational impact as the business passed $100M in revenue in under three years. Mazan had repeatedly heard senior executives say they wished they had had access to coaching earlier in their careers. The two set out to make leadership coaching available to leaders at all organizational levels and to remove the cost barriers that had prevented scaling, building the business around a cloud-based, virtual coaching platform. The company was founded in 2016.

Business model

Sounding Board sells packaged leadership development offerings to organizations, combining licensed program-delivery software with coaching services supplied either by its own global coach network or by the customer's internal coaches. Packages are tiered (Expand, Guide, Transform) according to whether programs are internally run, externally coached, or both, and buyers engage through a demo request and direct sales process. A separate consumer-facing offering, Accelerate, provides coaching to individuals.

Revenue derives from organizational contracts for coaching and mentoring programs delivered on the company's software, plus individual coaching. The company reported turnover of USD 7 million in 2024 and, at the time of its 2021 Series B, cited annual bookings growth of more than 350% year over year and enterprise customer net revenue retention above 200%.

Traction

At its December 2021 Series B the company reported annual bookings growth of more than 350% year over year, enterprise customer net revenue retention above 200%, and sequential growth over the preceding seven quarters. Turnover was USD 7 million in 2024.

Latest developments

On 3 March 2025, BTS Group AB announced an agreement to acquire Sounding Board, with the transaction expected to complete in March 2025. The deal involves a limited initial cash consideration plus potential additional consideration payable between 2025 and 2028 subject to the acquired business meeting specified targets. BTS said the acquisition would be marginally accretive to EBITA in 2025 and accretive to earnings and margins from 2026. Sounding Board's site now presents the combined BTS and Sounding Board offering, spanning executive to frontline coaching.

Full profile — market position, technology, go-to-market, geography, history

Market position

Sounding Board describes itself as the first customizable leadership coaching platform combining technology and coaching to drive measurable business impact. Its acquirer BTS characterized it as a Silicon Valley-based, technology-based leadership development company and sized the global coaching market at approximately USD 7 billion; BTS's own coaching business had turnover of roughly USD 40 million at the time of the deal, and the combined organization was said to have a network of 700 certified consultants.

The company frames its differentiator as adaptability: modular packages and configurable programs rather than a single fixed offering, allowing customers to use Sounding Board coaches or their own. Other stated points of distinction are the combination of software-based program management and measurement with human coaching, an automated proprietary coach-matching algorithm, and a coach pool certified by IAC, EMCC, CCE and ICF with an average of over seven years of leadership experience and a reported 92% coach retention rate.

Technology

The company operates a cloud-based coaching and mentoring platform, including a Coaching Management System launched around 2021, used to build, manage, scale, track and measure leadership development programs from a single system. Features include configurable dashboards reporting participation and goal progression, a proprietary coach-matching algorithm, mentoring and on-demand coaching modules, and support for running multiple programs consistently across departments. A separate coaching web application is hosted at coaching.soundingboardinc.com. BTS described the platform as one in which more than USD 45 million has been invested and as significantly more efficient and globally scalable than BTS's existing technology.

Go-to-market

Enterprise direct sales driven by demo requests, supported by content marketing including a blog, client stories, webinars and events, podcasts, a resource library, white papers and a book by co-founder Lori Mazan. The company also runs a partner program and recruits coaches through a "Become a Coach" channel. Post-acquisition, marketing communications are combined with BTS.

Enterprise talent development, learning and HR functions buying development for new managers, high-potential employees, individual contributors, technology leaders, change agents, and emerging leaders from underrepresented groups. Named target industries include technology, professional services, government and education, healthcare, financial services and retail. Individuals can also purchase coaching directly.

Geography

The Series B announcement was datelined Aliso Viejo, California, and BTS described the company as Silicon Valley-based. Coaching is delivered virtually through a global network of coaches; the acquirer BTS Group AB is headquartered in Sweden with subsidiaries across Europe, the Americas, Asia-Pacific and Africa.

History

Founded in 2016 by Christine Tao and Lori Mazan, the company built a cloud-based platform for delivering and managing leadership coaching. It closed an oversubscribed Series A in 2021 and, in December 2021, announced a $30M Series B led by JAZZ Venture Partners, at which point it also launched its Coaching Management System. In March 2025, Swedish learning and development consultancy BTS Group AB announced an agreement to acquire the company, with completion expected the same month. Following the acquisition, Sounding Board's website and communications are presented jointly with BTS.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual bookings growth year over yearDec 2021350%
Average leadership experience of coachesJan 20267 years
Coach retention rateJan 202692%
Combined BTS and Sounding Board network of certified consultantsMar 2025700 consultants
Enterprise customer net revenue retentionDec 2021200%
RevenueJan 2024$7M
Total invested in proprietary platform (per acquirer)Mar 2025$45M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 5

by search overlap
Harvard Business Review’s (HBR)302 shared keywordsHarvard Business Publishing is a not-for-profit affiliate of Harvard Business School that develops and distributes business education content, leadership development solutions, and management thought leadership through publications, digital platforms, and events. The organization serves academic institutions, corporations, and individual managers across three primary market segments.
BetterUp278 shared keywordsBetterUp provides an AI-powered coaching and professional development platform that helps organizations support employee growth and wellbeing. The platform serves enterprises and their employees through behavioral science-backed coaching and talent management tools.
Corporatefinanceinstitute263 shared keywordsCorporate Finance Institute offers an online specialization program teaching finance professionals how to integrate environmental, social, and governance (ESG) factors into financial analysis, valuation, and investment decision-making. The program covers ESG frameworks, sustainability integration, greenhouse gas accounting, and climate risk management across eight core courses.
Walkme206 shared keywordsWalkMe provides a platform that helps businesses improve software adoption, reduce support costs, and accelerate digital transformation.
Whatfix205 shared keywordsWhatfix builds a digital adoption platform that delivers in-app, contextual guidance, self-service support, and usage analytics on top of enterprise software such as ERP and CRM systems. It serves large enterprises across industries including banking, healthcare, insurance, education, and the public sector to speed user onboarding, feature adoption, and change management.

Companies competing with Sounding Board for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 3

launches, deals, and filings
Mar 2025
BTS Group AB agrees to acquire Sounding Board

Swedish consulting and training company BTS Group AB entered an agreement to acquire Sounding Board, with completion expected in March 2025. Consideration comprises a limited initial cash payment plus additional consideration payable between 2025 and 2028 if the acquired business meets specified targets. BTS said the deal would be marginally EBITA accretive in 2025 and accretive to earnings and margins from 2026.

source ↗

Dec 2021
Sounding Board closes $30M Series B led by JAZZ Venture Partners

Sounding Board announced the close of a $30M Series B led by JAZZ Venture Partners, with existing investors Canaan, Bloomberg Beta and Correlation Partners and new investors including Gaingels and Engage.vc. John Spinale of JAZZ Venture Partners joined the board of directors. The round followed an oversubscribed Series A earlier in 2021.

$30M source ↗

Dec 2021
Launch of Coaching Management System

Sounding Board announced the launch of its Coaching Management System, giving organizations the ability to manage all their coaching engagements.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Sounding BoardDelaware

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Sounding Board do?
Sounding Board is a leadership coaching and mentoring software company, acquired by Swedish consultancy BTS Group in 2025.
Who founded Sounding Board?
Sounding Board was founded by Lori Mazan, Christine Tao in 2016.
Who are Sounding Board's investors?
Sounding Board's investors include Canaan Partners, JAZZ Venture Partners, Tech Square Ventures, Bloomberg Beta.
How much funding has Sounding Board raised?
Sounding Board has disclosed $16.2M raised across 4 of its 6 known rounds.
Where is Sounding Board headquartered?
Sounding Board is headquartered in Aliso Viejo, US.