Edtech startup Go1 raises $200 million from SoftBank Vision Fund 2, others
(Reuters) -Australia’s Go1 said on Monday it had raised $200 million in a funding round led by SoftBank Vision Fund 2, AirTree Ventures and Salesforce Ventures, fetching the edtech startup a valuation of more than $1 billion.
The new funding will be used to create new partnerships, expand its portfolio of product offerings and grow its physical presence globally, Go1 said.
Other investors included Blue Cloud Ventures, Larsen Ventures, Tiger Global partners Scott Shleifer and John Curtius, TEN13 as well as Microsoft Corp’s venture fund M12.
Education technology startups have seen an uptick in demand since last year, when the pandemic made it necessary for homebound users to turn to digital learning. Online learning company Coursera Inc, which listed on the NYSE in March, was trading nearly 13% above its offer price on Monday.
Brisbane-based Go1, which was launched in 2015 and currently caters to more than 1,600 organizations around the world, said it has now raised over $280 million in funding.
(Reporting by Niket Nishant in Bengaluru; Editing by Ramakrishnan M.)