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GO1 Nabs $40 Million Series C

M12 Global Head Nagraj Kashyap. M12, the venture capital arm of Microsoft, is a participant in GO1's Series C fund-raise.

Photo by Seb Daly/Collision via Sportsfile, under Creative Commons license

GO1, an online training startup, has announced it's secured a $40 million Series C round led by Madrona Venture Group and the Seek Group, with participation from Salesforce Ventures, a new investor, and existing investors Our Innovation Fund and M12, Microsoft's venture capital arm. The Series C adds up the total amount that GO1 has raised since its inception to more than $80 million.

GO1 facilitates online learning for enterprises looking to train their staff on concerning topics. The company says its U.S. business has grown 5x year-over-year, with more than 3,000 organizations currently using its platform. On the heels of the coronavirus pandemic, it seems that GO1 has seen an uptick in usage as companies look to quickly train and educate their staff on how to conduct business while not in usual working conditions. To help support employees in the light of the pandemic, GO1 has even made all coronavirus-related learning resources available for free to enterprises. Over the last month, GO1 says that it's tripled engagement on its platform.

With the Series C, GO1 is aiming to increase its market expansion in Nothern American regions and as well expand its learning content partner network amid increased demand, according to a statement from the company.





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