Online Education Continues to Rise with Go1’s $100 Million Funding Round
In the wake of COVID-19, online education has experienced a significant surge in attention and adoption. One company that is at the forefront of this shift is Go1, an enterprise learning platform that provides education and training to businesses for their employees or users. To fuel its growth, Go1 has announced a significant round of $100 million funding, valuing the company over $2 billion.
A Notable Increase in Valuation
The latest funding round brings Go1’s total raised to date to $400 million. When it last announced funding less than a year ago, in July 2021, led by SoftBank, the company was valued at half that amount, $1 billion. This notable increase is especially impressive considering the current constricted state of the funding market.
The Core of Go1’s Product
Go1’s platform aggregates and curates content from dozens of other providers, including companies like Blinkist, Thrive, Skillsoft, Pluralsight, and Harvard Business Publishing. The idea behind this approach is that customers can access a wide range of educational and training content without having to sign individual agreements with each provider.
Fragmentation in the E-Learning Market
At a time when the e-learning market is becoming increasingly fragmented, Go1 positions itself as a kind of Netflix or Spotify for learning. Unlike Odilo, which aggregates and curates content but offers a completely white-label product, Go1 keeps its branding intact throughout the experience.
The Future of Online Education
With the rise of online education, companies like Go1 are poised to disrupt traditional learning models. As the market continues to evolve, it will be interesting to see how players in this space adapt and innovate.
Go1’s Global Journey
As a global company, Go1 is well-positioned to capitalize on the growing demand for online education. With its latest funding round, Go1 is poised to continue building an enduring company at the helm of the Learning & Development ecosystem.
Related Topics:
- Odilo : An e-learning platform that aggregates and curates content
- Blinkist : A provider of bite-sized, digestible versions of non-fiction books
- Thrive : A mental wellness and self-improvement platform
- Skillsoft : A provider of e-learning content for businesses
- Pluralsight : An online learning platform that offers courses on a wide range of topics
About the Author:
Ingrid Lunden is a writer and editor for TechCrunch, covering mobile, digital media, advertising, and the spaces where these intersect. She has previously worked at paidContent.org and has written freelance regularly for other publications such as the Financial Times.
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