Go1, a startup enabling corporations to upskill their employees with on-demand training and an effectual content-driven platform, has raised US$ 200 million in a Series D investment round co-led by Softbank Vision Fund, AirTree Ventures and Salesforce Ventures on 19 July 2021.
Investors: The funding round featured Softbank Vision Fund, AirTree Ventures and Salesforce Ventures as the lead investors with participation from Tiger Global, Blue Cloud Ventures, Larsen Ventures, TEN13 and many more investors. It has raised more than US$ 283 million, in total, to date and the latest round brings the startup’s valuation to US$ 1 billion.
Purpose of the funding: The firm intends to deploy the proceeds from the investment round towards establishing new collaborations, diversifying its product range, and expanding its market presence worldwide to bolster its customers spread across different geographies.
Founded in 2015 by Andrew Barnes, Chris Eigeland, Chris Hood and Vu Tran, Go1 makes it easy for organisations to learn, with the world’s most comprehensive online library of learning resources. Go1 has brought the world’s best online learning teachers to one platform, imparting all the knowledge that a corporation requires. With more than 3.5 million subscribers – and rising – Go1 has become the global pioneer in remote learning. The firm’s customer base has grown by over 300 per cent annually, majorly stimulated by accelerated expansion into these marketplaces and critical government settlements with the Malaysian and Singaporean governments. Go1 estimates further expansion chances in the United States and Europe, supporting its rising association with Microsoft Teams, Workday, SAP, and more.
What the CEO has to say: “The financial support earned by Go1 in its lifetime has laid the foundation to the company’s success so far. The new investment round will not only allow us in growing internally with new worldwide workplaces and job availabilities but also assist our team in staying focused on increasing our user base and modifying our product traits.”- Andrew Barnes, CEO of Go1.
What the Investors have to say: “Supported by AI and machine learning, Go1’s solution offers an instinctive experience and frames a chance for users to reach their professional growth targets and discover the tools which aid in achieving them. It is exhilarating to join hands with Go1 and aid them in accomplishing their dream of serving one billion learners.”- Nagraj Kashyap, Managing Partner at SoftBank Investment Advisors. “Go1 is well-placed to assist learners and corporations in imbibing new skills essential for the new-age digital economy.”- Rob Keith, Head of Australia at Salesforce Ventures.
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