SINGAPORE, May 11, 2022 (GLOBE NEWSWIRE) – Genius Group (NYSE American: GNS) is pleased to announce that Singapore -based Edtech arm, GeniusU Ltd, has completed a funding round to support the development of its plans. its growth. learn at Genius Metaversity, which valued the Edtech subsidiary at $ 250 million.
GeniusU has attracted more than 2.8 million students and 10,300 partners to its online learning platform, offering interactive courses and assessments on entrepreneurship, investment and 21st craftsmanship of the century.
GeniusU plans to expand its courses and programs into the Metaverse interactive learning environment, with students and faculty connecting and learning in global classrooms and virtual 3D environments.
It also plans to integrate each student’s AI-based “Genie” virtual assistant into the metaverse as 3D virtual assistants walk each student through their personalized journey and integrate their GEMs student credits into in the metaverse. GEMs (Genius Education Merits) are earned by students as they learn and can be applied to products and services within GeniusU, as well as their certifications.
A total of $ 1.5 million was raised for the development of GeniusU’s Genius Metaversity from existing GeniusU Ltd investors who purchased new ordinary shares of GeniusU Ltd at $ 24.39 per share, valued at GeniusU at $ 250 million. dollars. Genius Group Ltd is the majority owner of GeniusU with an estimated 97% stake in GeniusU Ltd. Both are public companies based in Singapore, of which Genius Group is a NYSE American listed company (NYSE American: “GNS”).
Genius Group CEO Roger James Hamilton said: “Our mission is to develop a business education system that prepares students for 21st century. We believe that Web3 and Metaverse provide a better way for students and teachers to interact and learn in the global classroom. Our plan is to create a blend of real, online and virtual learning solutions to enhance learning and make it more engaging and fun, working with students in real time around the world. .
The funding phase opened in February 2022 and ended in May 2022. It came after Genius Group’s campus subsidiary, Entrepreneur Resorts, raised $ 0.9 million from existing Entrepreneur Resorts investors by purchasing a new common denominator. stock of Entrepreneur Resorts in December 2021 at $ 2.75 per share, valued at $ 2.75 per share. 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 an estimated 95% stake in the company.
Funds were raised for Entrepreneur Resorts rather than to fund the launch of the Genius Central co-working and co-learning campus in Santa Monica, Los Angeles. This area will allow students to discover Genius Metaversity on the site.
About Genius Group
Genius Group is a global leader in information technology and education, whose mission is to complement the current model of education with a lifelong learning program centered on preparing students for leadership. , entrepreneurship, and life skills needed to succeed in today’s marketplace. The Group has more than 2.8 million students in 200 countries, ages 0 to 100. The Group consists of four pre-IPO companies (the “Pre-IPO Group”), and will include four companies acquired on or shortly after the closing of the Company’s IPO in April 2022 (the “IPO acquisitions”). Two of these four IPO acquisitions, Education Angels and Property Investors Network, have already been completed.
Our pre-IPO group’s entrepreneur training system is provided virtually and in person, in multiple languages, locally and globally, primarily through the company’s custom-built, artificial intelligence (AI) -powered GeniusU Edtech platform. pre-IPO group for adults looking to develop their entrepreneurial and leadership qualities.
The pre-IPO group includes Genius Group, GeniusU, Entrepreneurs Institute and Entrepreneur Resorts. This group of entrepreneur training companies thrives through organic growth and acquisition, aimed at increasing the value of each business through GeniusU, developed to provide AI-based recommendations and personal advice in per student. The pre-IPO group is now expanding its education system to age groups beyond the current adult audience, to children and young adults. The four IPO acquisitions are the first steps towards this. They will include: Education Angels, which offers early learning in New Zealand for children aged 0-5; E-Square, which provides primary and secondary education in South Africa; Antelope Valley University, which offers professional certifications and college degrees in California, USA; and Property Investors Network, which offers property investment courses and events in England.
Genius Group’s current plan is to integrate the education programs of IPO acquisitions with existing education programs and its Edtech platform under the lifelong learning system, and it selects the acquisitions because they already share aspects of the Genius program and its focus on the entrepreneur. . education.
This press release contains statements that contain “forward-looking statements”. The forwarded statements are subject to a number of conditions, most of which are not controlled by the Company, including those set forth in the Risk Factors section of the Company’s final prospectus for initial public offering filed by the SEC. Copies are available on the SEC website, www.sec.gov. The Company has no obligation to update these statements for changes or modifications after the date of this release, except as required by law.
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Source: Genius Group Ltd.