Australian workforce on-demand training platform GO1 has raised US$40 million in Series C funding led by Seek and US VC firm Madrona Venture Group. GO1 says the recent boom in remote work has tripled demand for its online learning platform.
Salesforce’s venture arm joins existing investors M12 – Microsoft’s venture fund – and Australian VC firm Our Innovation Fund in backing GO1. The company has raised a total of US$80 million to date.
The company says its latest funding will be used to expand into North America and grow its content partner network.
Founded in Brisbane, GO1 provides an online content hub for enterprises to upskill workforces, pulling in online courses from various partners or with their own courses. Claiming 1.5 million learners already, G01 says it now has “the world’s most comprehensive online library of learning resources”.
Over the past year, GO1 says it has doubled the number of organisations using the platform in Australia. More recently, amid COVID-19 restrictions and a surge in remote work, usage of the platform has tripled worldwide, according to the company.
“GO1’s growth over the last couple of months has been unprecedented and the use of online tools for training is now undergoing a structural shift,” said Andrew Barnes, CEO of GO1 (pictured). “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.”
A platform approach means GO1 can integrate with existing collaboration tools like Microsoft’s Teams app. The tech giant led GO1’s $30 million Series B in March last year and last month announced the integration of GO1 with Teams.
“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.”
New investor Salesforce Ventures said it is pleased to back a company that was addressing a growing demand for online learning and could integrate with its own workforce online learning tools.
“While the majority of corporate learning is done in person today, we believe the new digital imperative will see an acceleration in the shift to online learning tools,” said Rob Keith, Head of Australia, Salesforce Ventures.
“We believe GO1 fits well into the Trailhead ecosystem and our vision of creating the life-long learner journey.”