Go1, a leading corporate edtech company has announced the closing of a $200 million Series D funding round. The funding round hiked the company into unicorn status increasing its valuation to more than $1 billion.
The company was f founded by Melvyn Lubego, an SA entrepreneur, and Andrew Barnes, an Australian national in 2015. The edtech platform collates existing learning material from leading global educational institutions into a central digital library, simplifying corporate training for employers and employees.
Co-founder and director Lubego made a statement regards the round saying that he is humbled to look back on the Go1s journey so far.
It is crazy to think how far we have come, but our North Star remains the same, which means that we aim at unlocking positive potential in people through a love for learning. I think that, ultimately, this rise justifies the size of the problem we are trying to solve and the size of the orotundity in tackling the problem.
Currently, the platform services 3.5 million learners in more than 1,600 corporates worldwide. This investment will be utilized in expanding and enhancing the current offering, create new innovative learning tools, and resources and penetrate US, SA, and European markets through partnerships.
The Managing Partner of SoftBank Investment Advisers, Nagrai Kashyap stated “that Go1 is powered by AI and machine learning, and provides an intuitive experience, and creates an opportunity for individuals to expand their professional development goals and make use of the resources available to attain their goals. “
“With premier education providers such as Skillsoft, EdX, Coursera, and Harvard as part of Go1’s subscription, organizations can curate learning content to fit the needs and interests of its workforce. We are delighted to partner with Melvyn, Andrew, and the Go1 team to help advance their vision of reaching one billion learners,” she added.
