GO1 is an online marketplace for a number of courses ranging from professional development to general training. Existing investors, SEEK, an online recruitment company from Australia, and Silicon Valley accelerator Y Combinator also participated in the round.
The deal marks M12’s first such investment in an Australian startup. The financing would allow GO1 to leverage Microsoft’s network including its portfolio development team and co-sell programmes.
The startup was born out of Y Combinator in 2015 and is led by co-founders Andrew Barnes, Chris Eigeland, Chris Hood and Vu Tran.
“We see many opportunities on the horizon given our mission to improve workforce productivity is a view shared by GO1.com, SEEK and Microsoft,” said Barnes.
Outside Australia, GO1 has a presence in Vietnam, Malaysia and the US. The platform claims having over 500,000 online training courses and being accessed in 160 countries across 29 languages.
In August 2018, GO1 raised A$10 million ($7.1 million) Series A round led by SEEK and prior to that, it secured A$4 million ($2.8 million) in a pre-Series A round from a consortium of investors including Queensland government’s Business Development Fund, Black Sheep Capital, Full Circle Venture Capital and Blue Sky Ventures.
Last year, GO1 partnered with learning platform Skillsoft to offer courses on business and leadership skills,targeting the Australian and Asia Pacific markets.