{"id":43559,"date":"2023-10-20T15:29:28","date_gmt":"2023-10-20T15:29:28","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/brisbane-yc-startup-go1-raises-1-million-from-tank-stream-ventures-and-steve-baxter-startupsmart\/"},"modified":"2023-10-20T15:29:28","modified_gmt":"2023-10-20T15:29:28","slug":"brisbane-yc-startup-go1-raises-1-million-from-tank-stream-ventures-and-steve-baxter-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/brisbane-yc-startup-go1-raises-1-million-from-tank-stream-ventures-and-steve-baxter-startupsmart\/","title":{"rendered":"Brisbane YC startup GO1 raises $1 million from Tank Stream Ventures and Steve Baxter – StartupSmart"},"content":{"rendered":"
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It\u2019s been a big couple of months for Brisbane employee training startup GO1, which has just closed a $US1 million ($A1.36 million) investment round, as it works towards graduating Y Combinator\u2019s summer program.<\/p>\n

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The round was financed by Australian entrepreneur and investor Steve Baxter and Sydney venture capital firm Tank Stream Ventures.<\/p>\n

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GO1 co-founder Andrew Barnes says the cash injection will help grow the startup in Australia and around the world.<\/p>\n

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\u201cIt\u2019s brilliant to have a tech and business-mind like Steve on board,\u201d Barnes says.<\/p>\n

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\u201cWe are beyond excited to see continued global expansion.\u201d<\/p>\n

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Baxter says GO1 has lots of room to grow.<\/p>\n

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\u201cGO1 is a rather brilliant startup concept with huge market potential,\u201d he says.<\/p>\n

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\u201cIt also has a strong team of entrepreneurs behind it, with each of the cofounders bringing a unique and advantageous skill set to the table.\u201d<\/p>\n

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The platform launched in Australia a year ago, and now has over 150,000 users across the world. It has annual revenue \u201cin the millions\u201d<\/a> and employs 50 people across Australia, US, and Vietnam.<\/p>\n

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Y Combinator\u2019s summer cohort<\/b><\/h2>\n

The startup was recently selected to participate in American seed fund Y Combinator\u2019s summer program.<\/p>\n

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GO1 co-founder Andrew Barnes says it\u2019s already been a big help with expanding to the US.<\/p>\n

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\u201cWe were one of the more mature companies coming into YC, and we saw it as a great way to enter the US market,\u201d Barnes says.<\/p>\n

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\u201cIt\u2019s a very good network for that. It\u2019s been very busy, but the good type of busy.\u201d<\/p>\n

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As part of the YC program, the startups receive a small amount of funding and move to Silicon Valley for three months, where they work with the team and pitch to potential investors.<\/p>\n

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\u201cIt\u2019s much more light-touched than a lot of the other ones. It\u2019s whatever you put in, that\u2019s what you get out. No-one\u2019s going to give you a free ride,\u201d he says.<\/p>\n

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\u201cThere\u2019s very little telling you what to do, it\u2019s more focused on what you shouldn\u2019t do.\u201d<\/p>\n

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The plan is to stay in the US once the YC program is finished, Barnes says.<\/p>\n

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\u201cWe\u2019ll continue with an office in the US, most likely in the Valley here,\u201d he says.<\/p>\n

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\u201cWe\u2019re going to continue putting the foot down on the accelerator.\u201d<\/p>\n

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While completing the YC program, Barnes is also doing a Master of Science and Education at the University of Oxford and a PhD at the University of Queensland, meaning there isn\u2019t much time for other things.<\/p>\n

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\u201cThere\u2019s not a lot of sleep,\u201d he says.<\/p>\n

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Raising your<\/i> first round of capital<\/i><\/a>? Starting a<\/i> crowdfunding campaign<\/i><\/a>? Want to grow your business<\/i> with Instagram?<\/i><\/a> <\/i>StartupSmart School can help.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s been a big couple of months for Brisbane employee training startup GO1, which has just closed a $US1 million<\/p>\n","protected":false},"author":1,"featured_media":59726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,3,4,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43559"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=43559"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59726"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=43559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=43559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=43559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}