Seattle’s Madrona Venture Group and the venture capital arms of Microsoft and Salesforce invested in a $40 million round for online training platform GO1.com.
San Francisco-based GO1 serves more than 3,000 organizations including Delta, Thrifty, University of Oxford, and others with professional learning courses and compliance training. The company has seen engagement triple over the past month as remote learning surges due to the COVID-19 pandemic.
The investment came out of Madrona’s $100 million Acceleration Fund, an investment vehicle for later stage companies and those based outside of the Pacific Northwest. Other investors in the Series C round include SEEK, M12, Salesforce Ventures, and Our Innovation Fund.
“By aggregating training content from a broad set of content providers, GO1 redefines how enterprises procure training content and how employees consume it in an on-demand basis via a modern self-service user experience,” Madrona Managing Director S. Somasegar wrote in a blog post. “GO1 also integrates with a variety of key learning management platforms and integrates with front ends such as Microsoft Teams, which has seen incredible growth.”
