Startup GO1 secures US$1 million investment deal

Money will be used to accelerate company’s growth in Australia, US

GO1 co-founder Andrew Barnes.

GO1 co-founder Andrew Barnes.

Brisbane based training software startup GO1 has announced a US$1 million investment deal with Queensland investor Steve Baxter and Sydney venture capital fund Tank Stream Ventures.

GO1 co-founder Andrew Barnes said the capital raise will be used to accelerate the company’s growth in both Australia and the US.

“Taking on investment now helps us double down on user growth and ensure we can grow the team to provide exceptional service to our customers around the world."

GO1 allows business to train their staff or customers using a customised portal of short courses. The company has signed up 150,000 portal users around the world.

The Queensland government, National Australia Bank (NAB) and Seek have recently signed up to the software.

According to Steve Baxter, he invested in GO1 because of its market potential.

“Companies and businesses can mistakenly fall into the trap of overlooking workplace training because they see it as an inconvenience. Not only are there issues with this mindset legally speaking, but the undesirable impact on staff is also notable,” he said in a statement.

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