In July 2021, Go1 became a unicorn after a Series D.
It is now spending some of that money.
Learn why it has acquired Coorpacademy.
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Australian-based EdTech company Go1, which aims to be the Netflix of learning how?, became a unicorn back in July 2021.
This was on the back of a $200m Series D round, which was led by new investor SoftBank Vision Fund 2, as well as AirTree Ventures and Salesforce Ventures.
And now Go1 is spending some of that capital. It has decided to buy corporate learning and development (L&D) platform Coorpacademy for an undisclosed sum.
As a result of the deal, Coorpacademy’s platform will be integrated into Go1’s products and content library. Its cofounders – Arnauld Mitre, Frederick Benichou, and Jean-Marc Tassetto – will now join Go1’s leadership team.
The future of L&D and Go1
The acquisition supports Go1’s growth plans in Europe. Coorpacademy has offices in France and Switzerland, and it serves a range of European companies, including BNP Paribas, Societe Generale, Pernod Ricard, and L’Oréal.
Go1 co-founder and CEO Andrew Barnes commented: “The combination with Coorpacademy brings an exciting set of new content partners into the mix, and ultimately helps us reach more skills and areas of interest for our customers.
“Coorpacademy is already well established in France and Switzerland, and we are excited about this geographic expansion.”
CEO Tassetto added: “Not only is this a great opportunity for our two companies to come together to make corporate education accessible to millions of learners, but it adds value for existing customers that are prioritizing and expanding their learning and development resources.
“We are looking forward to building the future of L&D with Go1.”
This deal also fits with Go1’s general future plans, which include reaching one billion global learners.
CFO Chris Eigeland told UNLEASH that Go1 wants to be at the forefront of the next disruption of learning, which will be dominated by “personalization” and new mediums. “One size fits all is not the right approach for online training”, notes Eigeland.
The question is, does this acquisition move Go1 closer to a SPAC or IPO? Only time will tell.
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