GO1.com Raises over USD 40 Million in Series C Round of Financing

Over the last few months, the company has experienced unprecedented growth, and the use of online tools for training is now undergoing a structural shift. GO1.com has grown fivefold in the U.S. market, bringing the number of organizations using the platform to over 3,000 globally

Fremont, CA: Content hub company GO1.com raised over USD 40 million in a Series C funding round led by Madrona Venture Group and SEEK with participation from a new investor, Salesforce Ventures and existing investors, M12 - Microsoft's venture fund and Our Innovation Fund. GO1.com allows companies to upscale their workforce with on-demand training, a dynamic content-driven platform for companies that are Open to Learn.

"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. "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."

Over the last few months, the company has experienced unprecedented growth, and the use of online tools for training, is now undergoing a structural shift. GO1.com has grown fivefold in the U.S. market, bringing the number of organizations using the platform to over 3,000 globally. "GO1 has been critical for business continuity as organizations 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."

With remote learning becoming a necessity across the globe, GO1.com tripled engagement on the platform over the last month. Proceeds from the investment round will be used to increase market expansion in North America as well as expand its content provider partner network in direct response to the increased demand for the platform. "We met GO1 many months before COVID-19 was on the tip of everyone's tongue and were impressed then with the growth of the platform and the ability of the team to expand their corporate training offering significantly in North America and Europe," commented S. Somasegar, managing director, Madrona Venture Group. "The global pandemic has only increased the need to both provide training and retraining - and also to do it remotely. GO1 is an important link in the chain of recovery." As part of the funding, Somasegar will join the GO1 board of directors.

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