Enterprise learning platform startup GO1 raises $40M
Enterprise learning platform startup GO1 Pty. Ltd. has raised $40 million in new funding to increase market expansion in North America as well as expand its content provider partner network in direct response to the increased demand for the platform.
Announced today, the Series C round was led by Madrona Venture Group and Seek Ltd. and included Salesforce Ventures, M12 – Microsoft’s venture fund and Our Innovation Fund. As part of the deal, S. Somasegar, managing director, Madrona Venture Group, is joining GO1’s board of directors.
Founded in 2015, the Brisbane, Australia-based company offers cloud-based software that is designed to train staff and customers. GO1 offers a content hub that is designed to allow companies to upscale their workforce with on-demand training with a dynamic content-driven platform for companies that are “Open to Learn.”
GO1’s service is both available as a standalone product as well as through integration with Microsoft Teams, the latter allowing Teams users to learn directly within their workplace ecosystem. The Teams integration allows individuals to find, consume, share and discuss learning resources from GO1’s library of online learning resources. Content providers on the platform include Skillsoft, Thomson Reuters, Intellezy, Vado and Wall Street Prep, although the service also allows organizations to deliver their own learning content as well.
With offices across four continents, GO1 said it has grown fivefold year-over-year in the U.S. market alone, with more than 3,000 enterprise customers globally and more than 1.5 million learners. In the age of COVID-19, the company has seen triple the level of engagement in the last month alone. Better known customers include Delta Air Lines Inc., NBC Universal Media LLC, Thrifty, Suzuki Motor Corp., Hays plc and the University of Oxford.
“We met GO1 many months before COVID-19 was on the tip of everyone’s tongue and were impressed then with the growth of the platform and the ability of the team to expand their corporate training offering significantly in North America and Europe,” Somasegar said in a statement. “The global pandemic has only increased the need to both provide training and retraining – and also to do it remotely. GO1 is an important link in the chain of recovery.”
During the COVID-19 pandemic, GO1 has made all COVID-19 related learning resources available for free to help teams “continue to perform and feel supported during this time of disruption and change.”
Including the new funding, GO1 has raised $83.7 million to date. Previous investors include January Capital, Transition Level Investments, Full Circle Venture Capital and Black Sheep Capital.
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