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Softbank and Salesforce back edtech unicorn Go1 in $100M round

Go1
Image credits: Go1

Go1, a Brisbane-based edtech unicorn, announced on Monday that it has secured $100M in its latest funding round at a valuation of $2B. The investors who participated in the round include AirTree Ventures, Blue Cloud Ventures, Five Sigma, Madrona, Salesforce Ventures, and SoftBank Vision Fund 2. It brings the total funding raised by Go1 to date to $400M.

How will the funding be used?

Go1 says it uses the to accelerate its journey to reach a billion learners with upskilling, reskilling, and knowledge tools that empower workers globally. 

“Leading organisations are recognising the acute need to future-proof their workforces by providing comprehensive learning and development opportunities,” says Andrew Barnes, CEO of Go1. 

He says, “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 bringing us closer to our goal of supporting one billion learners globally.”

Additionally, the company has announced the appointment of 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, Product Management. Recently, the company has also appointed Marc Havercroft, formerly of SAP SuccessFactors. 

On-demand training platform

Founded by Andrew Barnes, Chris Eigeland, Chris Hood, and Vu Tran, Go1 provides a platform that allows companies to upscale their workforce with on-demand training and a dynamic content-driven platform. 

North America has recently emerged as Go1’s largest market. The company is also expanding into the European market via the acquisition of Coorpacademy, extending Go1’s French and German language content partner offerings and creator reach.

Also, the company has expanded its reach in Southeast Asia with offices in Malaysia and Singapore, affording multinationals and local organisations the ability to reskill the enterprise and promote ongoing learning. 

The Australian company has also expanded its content offering with recent announcements of Pluralsight and Harvard Business Publishing content now available to Go1’s audience base of over 5M learners.

“Digital transformation and the changing world of work have amplified the need for companies to invest in their people and uplevel their capabilities,” said Peter Mobbs, founding partner of Five Sigma, a global growth fund specializing in EdTech. “Go1 is uniquely suited to help companies tackle this challenge with a comprehensive solution for workplace learning content. We’re proud to have led this latest financing round.”

“Companies are embracing the opportunity to programmatically upskill, reskill and empower their workforces, and Go1 has emerged as the go-to provider of learning content to make that opportunity a reality,” says Craig Blair, Founder at AirTree Ventures. “We’re delighted to be a part of Go1’s global journey in building an enduring company at the helm of the Learning & Development ecosystem.”

“Go1 has built a platform that serves the needs of both employers looking to retain and upskill their talent and employees seeking training for their professional and personal development,” says S.Somasegar, Managing Director, Madrona. 

He adds, “Go1’s successful expansion into the US and other global markets means they not only serve global corporations but are uniquely suited for the far-flung remote workforces of the next decade. We are excited to work with the team on the next phase of growth.”

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