BRISBANE Queensland — June 6, 2022 — Go1 Pty. Ltd., a startup that helps organizations provide training for their workers, has raised more than $100 million in fresh funding to support growth initiatives.
Go1 announced the funding round today. The Australia-based startup said that the investment included the participation of AirTree Ventures, Blue Cloud Ventures, Five Sigma, Madrona Venture Group, Salesforce Ventures and SoftBank Vision Fund II. Go1 is now valued at more than $2 billion.
Go1 operates a cloud-based content library that includes more than 100,000 courses and other digital learning resources. According to the startup, the library is the largest of its kind in the industry. Go1 aggregates corporate learning resources from more than 20 partners and makes the content available through a centralized interface.
A large organization that operates multiple employee training programs must often source content from several different providers to meet its requirements. Usually, companies aggregate the content manually. Go1 says that its platform provides a more cost-effective alternative to manually sourcing learning resources from multiple different providers.
Go1’s content library includes courses focused on specific sectors such as manufacturing, retail and healthcare. It also offers learning content geared towards specific departments in an organization, as well as a variety of other education resources. The startup says its platform is used by 5 million users across thousands of organizations worldwide.
Go1 offers tools that make it possible to distribute content from its platform to a company’s internal systems, such as the learning management applications used to manage employee training initiatives. For education content providers, Go1 provides a separate tool called Go1 Content. It enables education providers to manage their content and track user engagement.
“Leading organizations are recognizing the acute need to future-proof their workforces by providing comprehensive learning and development opportunities,” said Go1 Chief Executive Officer Andrew Barnes. “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.”
The funding round also gives Go1 an opportunity to make more acquisitions. The startup in April purchased Coorpacademy SA, a Switzerland-based corporate learning provider, to expand its market presence. Making additional acquisitions could help Go1 accelerate its growth plans.
Go1 is one of several venture-backed startups competing in the corporate learning market. Another market player, 360Learning Software SA, closed a $200 million investment last October. Portland-based OpenSesame Inc. earlier raised $50 million in funding to grow the adoption of its cloud-based corporate learning platform.
In another sign of the segment’s growth, education technology giant Skillsoft Corp. recently inked a deal to acquire Codecademy for $525 million. Codecademy operates a popular programming-focused education platform of the same name.