SoftBank co-leads $200m round of Australian workforce upskilling platform

Go1, an Australian professional development platform, announced that it has raised US$200 million in its latest round of funding at a valuation of over US$1 billion.

More funding details

• Lead investors: SoftBank Vision Fund, AirTree Ventures, and Salesforce Ventures
• Other investors: Blue Cloud Ventures, Larsen Ventures, Scott Shleifer and John Curtius from Tiger Global, TEN13, Seek, Madrona Venture Group, Microsoft’s venture fund M12, and Y Combinator
• Stage: Series D

More company updates

• With the latest investment, Go1 has secured a total of US$280 million in capital to date.
• It will use the fresh funds to form new partnerships, expand its product offerings, and step up its physical presence in the US, among others.
• The Australia-based company said that over 70% of its revenue is generated from markets outside its home turf.
• Go1 has increased its user base by more than 300% year over year, driven by key contracts with the Malaysia and Singapore governments as well as its entry into newer markets.
• The startup also expects opportunities to grow in the US and Europe through its partnerships with Microsoft Teams, Workday, and SAP, among others.
• Clients can use Go1’s digital learning library to train their staff via programs that range from first-aid courses to university-level qualifications. Employers can also use the platform to onboard new recruits and ensure compliance with employment regulations.

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.