Genius Group’s Edtech arm GeniusU closes Metaverse round at US$250 million valuation
May 11 2022 - 3:05PM
Genius Group (NYSE American: GNS) is pleased to announce that it’s
Edtech arm, Singapore based GeniusU Ltd, has completed a seed round
to support the development of its Genius Metaversity virtual
learning plans, valuing the Edtech subsidiary at $250 million.
GeniusU has attracted over 2.8 million students
and 10,300 partners to its online learning platform, delivering
interactive courses and assessments in entrepreneurship, investing
and 21st century skills.
GeniusU plans to extend its courses and programs
to interactive learning environments in the metaverse, with
students and faculty connecting and learning in global classrooms
and virtual 3D environments.
It also plans to integrate each student’s
AI-based virtual assistant ‘Genie’ into the metaverse as 3D virtual
assistants that accompany each student on their personalized
journey and integrate its GEMs student credits into the metaverse.
GEMs (Genius Education Merits) are earned by student as they learn
and can be spent on products and services within GeniusU as well as
counting towards their certifications.
A total of $1.5 million was raised towards the
development of GeniusU’s Genius Metaversity from existing GeniusU
Ltd investors purchasing new ordinary shares of GeniusU Ltd at
$24.39 per share, valuing GeniusU at $250 million. Genius Group Ltd
is the majority owner of GeniusU with approximately 97% ownership
of GeniusU Ltd. Both are Singapore-based public companies, with
Genius Group being a publicly listed company on the NYSE American
(NYSE American: “GNS”).
Genius Group CEO, Roger James Hamilton
commented: “Our mission is to develop an entrepreneur education
system that prepares students for the 21st century. We believe Web3
and the Metaverse provides students and teachers with an enhanced
way to interact and learn in a global classroom. Our plan is to
develop a blended solution of real-life, online and virtual
learning to gamify learning and make it far more engaging and fun,
working with students in real time around the world.”
The funding round was opened in February 2022
and completed in May 2022. It comes after the campus subsidiary of
Genius Group, Entrepreneur Resorts, raised $0.9 million from
existing Entrepreneur Resorts investors purchasing new ordinary
shares in Entrepreneur Resorts in December 2021 at $2.75 per share,
valuing Entrepreneur Resorts at $38 million. Entrepreneur Resorts
Ltd is a public company listed on the Seychelles Stock Exchange
(MERJ: ERL). Genius Group Ltd is also the majority owner of
Entrepreneur Resorts with approximately 95% ownership of the
company.
The funds raised for Entrepreneur Resorts are to
fund the launch of a Genius Central co-working and co-learning
campus in Santa Monica, Los Angeles. This venue will enable
students to experience Genius Metaversity on location.
About Genius Group
Genius Group is a world-leading entrepreneur
Edtech and education group, with a mission to disrupt the current
education model with a student-centered, life-long learning
curriculum that prepares students with the leadership,
entrepreneurial and life skills to succeed in today’s market. The
group has over 2.8 million students in 200 countries, ranging from
ages 0 to 100. The group includes four pre-IPO companies (the
“Pre-IPO Group”), and will include four companies intended to be
acquired at the time of, or soon after, the closing of the
company’s initial public offering in April 2022 (the “IPO
Acquisitions”). Two of these four IPO Acquisitions, Education
Angels and Property Investors Network, have already been
consummated.
The entrepreneur education system of our Pre-IPO
Group has been delivered virtually and in-person, in multiple
languages, locally and globally mainly via the Pre-IPO Group’s
artificial intelligence (AI)-powered, personalized GeniusU Edtech
platform to adults seeking to grow their entrepreneur and
leadership skills.
The Pre-IPO Group includes Genius Group,
GeniusU, Entrepreneurs Institute and Entrepreneur Resorts. This
group of entrepreneur education companies has grown through organic
growth and acquisitions, with a focus on adding value to each
company through GeniusU, which is being developed to provide
AI-driven personal recommendations and guidance for each student.
The Pre-IPO Group is now expanding its education system to age
groups beyond its current adult audience, to children and young
adults. The four IPO Acquisitions will be the first steps towards
this. They will include: Education Angels, which provides early
learning in New Zealand for children from 0-5 years old; E-Square,
which provides primary and secondary school education in South
Africa; University of Antelope Valley, which provides vocational
certifications and university degrees in California, USA; and
Property Investors Network, which provides property investment
courses and events in England.
Genius Group’s current plan is to combine the
education programs of the IPO Acquisitions with its current
education programs and Edtech platform as part of one lifelong
learning system, and it has selected these acquisitions because
they already share aspects of the Genius curriculum and its focus
on entrepreneur education.
https://www.geniusgroup.net/
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements”. Forward-looking statements
are subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company’s final prospectus for its initial
public offering filed with the SEC. Copies are available on the
SEC’s website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Media Contacts:
Ruth Shearman, Senior Account Manager, Adia PR
Tel: +44 7971 138 303
Email: ruth@adiapr.co.uk
Leila Dastyar, Account Manager, Adia PR
Tel: +44 7564 334198 Email:
leila@adiapr.co.uk
Source: Genius Group Ltd
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