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Home Edutech

Go1, an edtech startup, has raised $200 million in a Series D round of funding

Tech Gist Africa by Tech Gist Africa
07/28/2021
in Edutech, Funding, The Big 5
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Go1, a learning and development platform for businesses, has raised $200 million in a Series D fundraising round, bringing its total valuation to over $1 billion.

The edtech business has achieved unicorn status, making it Africa’s first unicorn.

Melvyn Lubega of South Africa and Andrew Barnes of Australia co-founded the online learning platform in 2015.

SoftBank Vision Fund 2, AirTree Ventures, and Salesforce Ventures led the investment, with participation from Blue Cloud Ventures, Larsen Ventures, Tiger Global’s Scott Shleifer and John Curtius, and TEN13.

Previous investors in the round included Microsoft Corp.’s venture fund M12, Madrona Venture Group, SEEK, and Y Combinator.

Go1, a learning and professional training platform for businesses and a key distribution partner for content creators, was launched in 2015 with considerable uptake on both sides due to its easy integration and range of contents.

Go1’s CEO, Andrew Barnes,“The support and investment that Go1 has received over the years has been fundamental to the company’s success. But this is only the beginning. Go1 will be able to better interact, communicate, and support clients and partners in the United States as they adopt a new hybrid work paradigm. As society recovers from the pandemic, providing opportunity for employees to explore learning and development tools will be critical for team retention and employee growth inside the organization.”

Including previous rounds, the company has raised a total of USD $280 million.

According to the online learning platform, this additional investment will be utilized to develop new alliances, improve its edtech product offerings, and expand its physical presence globally to assist its more than 3.5 million learners at over 1,600 customer companies.

 

Read more on Tech Gist Africa:

Microverse, an edtech startup, has raised $12.5 million in Series A funding.

iXperience, a Cape Town edtech company, has raised $2.5 million in a Series A funding round

Nigerian edtech startup, uLesson, raises $7.5m Series A Funding

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