Genius Group’s Edtech arm, GeniusU, closes the Metaverse cycle at
SINGAPORE, May 11, 2022 (GLOBE NEWSWIRE) — Genius Group (NYSE American: GNS) is pleased to announce that its Singapore-based Edtech arm, GeniusU Ltd, has completed a funding round to support the development of its plans virtual learning company Genius Metaversity, valuing the Edtech subsidiary at $250 million.
GeniusU has attracted over 2.8 million students and 10,300 partners to its online learning platform, offering interactive courses and assessments in entrepreneurship, investment and 21st craftsmanship of the century.
GeniusU plans to expand 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 “Genie” virtual assistant into the metaverse as 3D virtual assistants who walk each student through their personalized journey and integrate their GEMs student credits into the metaverse. GEMs (Genius Education Merits) are earned by students as they learn and can be spent on 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, valuing GeniusU at $250 million. of dollars. Genius Group Ltd is the majority owner of GeniusU with an approximate 97% stake in GeniusU Ltd. Both are public companies based in Singapore, with Genius Group being a listed company on the NYSE American (NYSE American: “GNS”).
Genius Group CEO Roger James Hamilton said: “Our mission is to develop an entrepreneurship education system that prepares students for the 21st century. We believe Web3 and the Metaverse provide an improved way for students and teachers to interact and learn in a global classroom. Our plan is to develop a blended real, online and virtual learning solution to gamify learning and make it much more engaging and fun, working with real-time students around the world.
The funding round was opened in February 2022 and completed in May 2022. It comes after Genius Group’s campus subsidiary, Entrepreneur Resorts, raised $0.9 million from existing Entrepreneur Resorts investors by purchasing new common stock of 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 an approximate 95% stake in the company.
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 place will allow students to discover Genius Metaversity on site.
About Genius Group
Genius Group is a global leader in information technology and education, whose mission is to disrupt the current model of education with a lifelong learning program centered on the that prepares students for the leadership, entrepreneurship, and life skills needed to succeed in today’s marketplace. The group has more than 2.8 million students in 200 countries, aged 0 to 100. The Group consists of four pre-IPO companies (the “Pre-IPO Group”), and will include four companies to be 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 was delivered 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 seeking 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 has grown through organic growth and acquisitions, with a focus on adding value to each company through GeniusU, which is being developed to provide recommendations and personal AI-based advice to each student. The pre-IPO group is now expanding its educational 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 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 grants professional certifications and college degrees in California, USA; and Property Investors Network, which offers courses and events on property investment in England.
Genius Group’s current plan is to combine the education programs of the IPO acquisitions with its current education programs and its Edtech platform under a lifelong learning system, and it has selected these acquisitions because they already share aspects of the Genius program and its focus on the entrepreneur. education.
This press release contains statements that constitute “forward-looking statements”. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, 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 assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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Source: Genius Group Ltd.