GeniusU, valued at $202 million, has raised $1.4 million from 63 investors in its latest seed investment round, closing 40% up on the original target of $1 million. Part of Genius Group, the world’s largest entrepreneur education group, the Singapore based GeniusU is the digital edtech platform used to deliver the curriculum that is offered to their 1.4 million students and entrepreneurs around the world. The capital being raised would be used for continued global expansion and to grow the key leadership team.
By 2030 the Education Market will be worth $10 trillion and as such, currently the demand for edtech companies is growing. The education market is seen as one of the biggest post-pandemic opportunities for disruption and GeniusU is not only part of this, but one of the few companies who is offering its own accredited curriculum, making it an even more prosperous investment.
Edtech companies based in Asia such as Byju and Educademy who offer their own curriculum have been seen to receive a higher valuation than companies based in the U.S. such as Coursera who have to share their revenues with the education establishments who provide the curriculum. Like Byju and Educademy, Genius Group has its own curriculum to offer its students via its GeniusU edtech platform.
Life-long learning and upskilling have been huge areas for growth for many edtech platforms, due to the pandemic and the current economic downturn, as many have looked to acquire new skills or to pivot their offering to be relevant in this new digital age.
Roger James Hamilton, CEO and Founder of Genius Group said, “It is great to see edtech companies doing so well. What makes us different from other edtech companies in the market is the globally accredited entrepreneur education curriculum that we are delivering and constantly improving.”
In 2020 Genius Group successfully signed over $80m in new acquisitions including companies from the USA, UK, Australia and South Africa, completing a global curriculum and enrolling students from 0 to 100 years old, and specifically entrepreneurs from all walks of life.