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 round of funding to support the development of its growth plans. to learn Genius Metaversity, and estimates the Edtech subsidiary at $ 250 million.
GeniusU has attracted over 2.8 million students and 10,300 partners to its online learning platform, which offers interactive courses and assessments in entrepreneurship, investment and 21st centuries of craftsmanship.
GeniusU plans to expand its courses and programs to interactive learning environments in Metaverse, where students and faculties connect and learn in global classrooms and virtual 3D environments.
It also plans to integrate each student’s AI-based “Genie” virtual assistant into the meta-verse as virtual 3D assistants, guiding each student through their personal journey and integrating their GEM’s student credits into the meta-verse. GEMs (Genius Education Merits) are earned by students as they learn and can be used 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 bought new ordinary shares in GeniusU Ltd at $ 24.39 per share. Genius Group Ltd is the majority owner of GeniusU with an approximately 97% ownership interest in GeniusU Ltd. Both are public companies based in Singapore, where Genius Group is a listed company on NYSE American (NYSE American: “GNS”).
Genius Group CEO Roger James Hamilton said: “Our mission is to develop an entrepreneurial education system that prepares students for the 21stst century. We believe that Web3 and Metaverse provide students and teachers with an improved way to interact and learn in a global classroom. Our plan is to develop a mixed real-time, online and virtual learning solution to gamify learning and make it much more engaging and fun to work with real-time students around the world.
The financing round opened in February 2022 and ended in May 2022. It comes after Genius Group’s campus subsidiary, Entrepreneur Resorts, raised $ 0.9 million from existing Entrepreneur Resorts investors by buying new common shares in Entrepreneur Resorts in December 2021 at a value of $ 2.75 per. Entrepreneur Resorts to $ 38 Million. Entrepreneur Resorts Ltd is a publicly traded company listed on the Seychelles Stock Exchange (MERJ: ERL). Genius Group Ltd is also the majority owner of Entrepreneur Resorts with an approximately 95% ownership interest in the company.
Funds raised for Entrepreneur Resorts will fund the launch of a Genius Central co-working and co-learning campus in Santa Monica, Los Angeles. This site will allow students to discover Genius Metaversity on the spot.
About Genius Group
Genius Group is a global leader in information technology and education, whose mission is to disrupt the current education model with a lifelong learning program centered on what 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 years. 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 completion 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 entrepreneurial training system was delivered virtually and personally in multiple languages, locally and globally, primarily through the company’s custom-built, artificial intelligence (AI) -driven GeniusU Edtech platform. pre-IPO group for adults seeking to develop their entrepreneurial and leadership skills.
The pre-IPO group includes Genius Group, GeniusU, Entrepreneurs Institute and Entrepreneur Resorts. This group of entrepreneurial training companies has grown through organic growth and acquisitions with a focus on adding value to any business through GeniusU, which is developed to provide recommendations and personal AI-based advice to each student. The Pre-IPO Group is now extending its education system to age groups beyond its current adult audience, to children and young adults. The four IPOs 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 offers primary and secondary education in South Africa; Antelope Valley University, which provides professional certifications and university degrees in California, USA; and the Property Investors Network, which offers courses and events on real estate investing in the UK.
Genius Group’s current plan is to combine the IPO acquisition training programs with its current training programs and its Edtech platform under a lifelong learning system, and it has chosen these acquisitions because they already share aspects of the Genius program and its focus on entrepreneurship. education.
This press release contains statements that constitute “forward-looking statements”. Forward-looking statements are subject to several 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 listed offering submitted to the SEC. Copies are available on the SEC Web site, 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.