Australia's Go1 raises $200m Series D at $1b valuation

Blue Cloud Ventures, Larsen Ventures, Microsoft’s M12 venture fund, Madrona Venture Group, Y Combinator, and Australian VC investor Ten13 also participated. They were joined by local workforce services strategic Seek, as well as Scott Shleifer and John Curtius, partners of Tiger Global Management, who invested in their own capacity.

Total funding since the company’s inception in 2015 comes to $280 million, including a $40 million Series C led by Madrona and Seek last year. M12 led the company’s $21 million Series B in 2019. Earlier backers include Our Innovation Fund, January Capital, Transition Level Investments, Amasia, Black Sheep Capital, Blue Sky Private Equity, Full Circle Venture Capital, and Tank Stream Ventures.

“The support and funding that Go1 has received in its lifetime have been monumental to the company’s growth thus far. However, this is just the beginning. Expanding in the US will allow Go1 to better engage, communicate and support customers and partners, especially as they consider a new hybrid work model,” Go1 CEO Andrew Barnes said in a statement.

“As society transitions out of the pandemic, ensuring that employees have opportunities to explore learning and development resources will be essential for team retention and encouraging employee growth within the organization.”

Go1 offers an artificial intelligence-enabled platform featuring a range of employee training and talent management products in partnership with leading education software providers such as EdX, Coursera, Skillsoft and Harvard. Core clients include corporate learning content creators and corporations, which can offer various workplace management services to their employees with a single subscription.

There is a strong focus on further internationalization, with more than 70% of revenue generated outside of Australia. Go1 claims to have increased its user base more than 300% over the past year through expansion into markets such as Malaysia and Singapore. There has also been strong traction in the US and Europe through growing integration with platforms such as Microsoft Teams. More than 3.5 million people have used Go1 to date.

“When people think about music, they often think of Spotify and access to unlimited music for one subscription. We believe Go1 is the emerging category leader in providing a similar experience for corporate learning,” Nagraj Kashyap, a managing partner at SoftBank Investment Advisers, added.

“Go1’s platform provides an intuitive experience and creates an opportunity for individuals to expand their professional development goals and explore the resources to help achieve them.”

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• Topics
• Australasia
• Support services
• Expansion
• Australia
• Softbank
• AirTree Ventures
• Salesforce Ventures
• Microsoft
• Y Combinator
• Education
• TMT
• professional services