Wednesday, 20 May 2020 10:33

Online learning provider GO1 raises US$40m in C series funding

Online learning provider GO1 raises US$40m in C series funding Image by Mudassar Iqbal from Pixabay

Australian online learning provider GO1 has raised US$40 million in a Series C funding round even as it claims to have tripled usage of its platform during the coronavirus pandemic. This brings the amount raised in total to over US$80 million.

A statement from the company, which started life as a Web development firm in Brisbane, said the funding was led by SEEK and the Madrona Venture Group. New investor Salesforce Ventures and existing investors M12 (Microsoft's venture fund) and Our Innovation Fund also participated.

GO1 chief executive Andrew Barnes described growth over the last three months as "unprecedented".

"The use of online tools for training is now undergoing a structural shift,” he said. “It is gratifying to fill an important void right now as workers embrace online solutions.

"We are inspired about the future that we are building as we expand our platform with new mediums that reach millions of people every day with the content they need.”

The company said the number of organisations in Australia using its platform over the last year had doubled.

The funding, which will be used to expand in North America, comes soon after GO1 developed an integration with Microsoft Teams that lets organisations that use Teams learn directly within their workplace ecosystem.

“GO1 has been critical for business continuity as organisations navigate the remote realities of COVID-19,” said Nagraj Kashyap, Microsoft corporate vice-president and Global Head of M12.

“The GO1 integration with Microsoft Teams offers a seamless learning experience at a time when 75 million people are using the application daily. We’re proud to invest in a solution helping keep employees learning and businesses growing through this time.”

Apart from Australia, GO1 has offices in the US, the UK, South Africa, Vietnam and Malaysia.

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.



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