Australian online training startup GO1 gets $3m in funding

Visual of Go1 homepage. December 2016

Queensland-based educational startup GO1, which enables organisations to create online training programs for staff, has closed a pre-Series A round of AU$4 million ($2.98 million) investment from a consortium of investors that includes Black Sheep Capital, Full Circle Venture Capital, Blue Sky Ventures, Amasia, and ex-Wotif.com CFO Sam Friend.

Existing investors Tank Stream Labs, Y Combinator, and Steve Baxter also participated in the round. This transaction places the post-money valuation of GO1 in excess of A$15 million.

The firm also received A$1 million from the Queensland government’s Business Development Fund.

GO1 has previously raised $1 million from Baxter and Tank Stream Labs. This is in addition to the $120,000 it secured from startup accelerator Y Combinator, in exchange for 7 per cent equity.

According to a report, growing pressure on corporates to upgrade their training and processes will drive the adoption of technologies to facilitate teaching and learning, with content digitalisation also driving this growth.

The investment will finance the expansion of its workforce, with GO1’s global sales team expected to add 30 employees over the next 12 months. It will also finance further product development and launch new offices in the US and Europe.

Some organisational users of the software include Oxford University and National Australia Bank.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.