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GO1 raises $4m from Australian VC

GO1 co-founders Chris Eigeland, Andrew Barnes and Vu Tran.

GO1 co-founders Chris Eigeland, Andrew Barnes and Vu Tran.- Tertius Pickard

GO1 , Queensland Tech Startup raises $4m from Australian VCS at a $15m valuation 

GO1 is designed to make it easier for businesses to find and book appropriate training courses in a diverse range of fields, varying from first aid to anti-money laundering and management.

It has pulled together over 100,000 courses from training providers ranging from St John Ambulance to Richard Branson.

Investors include Queensland government’s Business Development Fund ,  Black Sheep Capital, Full Circle Venture Capital, Amasia and Wotif chief financial officer Sam Friend, 

Tbe moneys raised will help build offices in the US and Europe by taking on an additional 30 sales people.

The business was founded three years ago and accepted into Y Combinator, which has also backed businesses like Dropbox and Airbnb, in 2015.

It was one of about 100 companies accepted into the program, representing the top 1-2 per cent of applicants.

Other Australian start-ups to have gone through the accelerator include AirPair and failed business 99dresses.

GO1 joins a growing list of marketplace businesses to receive venture capital funding in Australia. In October carer’s marketplace Better Caring raised $3 million from Ellerston Ventures, and earlier this year job outsourcing marketplace Airtasker banked $22 million from Seven West Media and online car parts marketplace SparesBox raised $3.5 million.

“GO1 is poised to grow rapidly all over the world into a leading provider of learning and management platforms,”

Posted on December 11, 2016

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