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SEEK backs training marketplace GO1 in $10 million funding round

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Jobs platform SEEK has led a $10 million funding round in local training program marketplace GO1, which has grown to more than 1 million users in only three years.

The deal follows on from the companies forming a partnership in June, which connected job seekers directly to short courses on GO1 that they needed to apply for a new role.

The series A raise follows on from a smaller $4 million round closed in December 2015, in which investors such as Steve Baxter, Blue Sky Venture Capital and Tank Stream Ventures led the raise.

Co-founder and chief executive Andrew Barnes told The Australian Financial Review its big focus for the next 12 months would be growing its presence in international markets.

“One of the biggest areas for us is expanding the presence in the US. It’s a massive market by itself and then if you imagine a map of the world, in the time zone of Europe and the UK we don’t have much of a presence on the ground and we don’t have an office, so we want to open one in the next 12 months,” he said “In terms of traction, we’re seeing a lot of activity … throughout Malaysia and the US, which are our two biggest international markets.”

The partnership with SEEK was the second major deal for GO1, which also secured a deal with New Zealand-based learning management systems provider Totara last year.

The company was born from a web agency which Mr Barnes started in 2005 while at a Brisbane high school with his three co-founders Vu Tran, Chris Eigeland and Chris Hood. While running the agency and building websites for companies like ANZ and News Corp, the founders were met with frequent requests to build a training portal.

Read More:
https://www.afr.com/technology/seek-backs-training-marketplace-go1-in-10-million-funding-round-20180810-h13sdc

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