Australian training platform GO1 raises $30m Series B led by Microsoft venture arm M12

A woman sits and works on a laptop computer. Photographer: Simon Dawson/Bloomberg

Australia-based training platform GO1 has raised $30 million in a Series B funding round led by M12, the corporate venture arm of Microsoft that invests in next-generation technology companies.

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.

Also Read:

SaaS startup LoginRadius bags $17m from ForgePoint, Microsoft fund

Australian online training startup GO1 gets $3m in funding

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.