Go1, an Australia-based corporate education hub for on-demand training and resources, announced on Monday that it has raised over $100-million in its latest funding round closed in May.
The round saw the company’s valuation increase to over $2-billion with the company’s total funding now at over $400-million.
The recent funding – which closed in May was co-led by AirTree Ventures and Five Sigma, with participation from the likes of SoftBank Vision Fund 2, Salesforce Ventures, Blue Cloud Ventures, Larsen Venture, Scott Shleifer, and John Curtius from Tiger, TEN13, M12 (Microsoft’s venture fund), Madrona Venture Group, SEEK, and Y Combinator also participating.
Online education continues to get a lot of attention in the wake of Covid-19 and the paradigm shift that it brought to change traditional means of education. Go1, being one of the rising stars in the world of enterprise learning, is at the forefront of this shift from traditional channels of education.
Go1 has also recently seen the appointment of a few top executives such as Marc Havercroft as president, Ashleigh Loughnan as chief people officer, Ben Allen as chief marketing officer, Antony Ugoni as chief data officer, and Jared Goralnick as senior vice president of product management.
The firm is also looking to expand its reach and scope by acquiring Coorpacademy to enter the European market and its expansion into Southeast Asia with offices in Malaysia and Singapore. Additionally, the Australia-based platform also bought professional workshop provider Education Changemakers.
Go1 said that the new capital will help Go1 accelerate its journey to reach a billion learners with upskilling, reskilling, and knowledge tools that empower workers across the globe.
Chief Executive Officer of Go1, Andrew Barnes said in a statement that “Leading organizations are recognizing the need to future-proof their workforces by providing comprehensive learning and development opportunities. The incredible team at Go1 has made huge strides in expanding our capabilities and offerings to ensure users have access to education that supports their growth. These recent investments allow Go1 to build on that momentum to explore new content and resources, enabling our platform to meet the needs of every organization and employee, and brings us closer to our goal of supporting one billion learners globally.”
Another area where the firm would like to use its investment is to bring more technological innovations into the Go1 platform. One of these is likely to be more technological innovations in the Go1 platform. One of these is likely to be more VR-based learning. Additionally, another direction of the company is to build out more live streaming to complement the existing catalog, which is based today around asynchronous content.