EdtechX Holdings Acquisition Corp. II and IBIS Capital


London, Nov. 25, 2021 (GLOBE NEWSWIRE) — EdtechX Holdings Acquisition Corp. II and IBIS Capital launch new ESG and Impression analysis methodology for edtech investments

London, 25 November 2021. EdtechX Holdings Acquisition Corp. II (NASDAQ: EDTXU), the edtech-focused SPAC, at the moment introduced that it’s going to use a pioneering methodology to guage the ESG credentials of potential goal companies within the edtech house.

The proprietary methodology, one of many first of its sort within the edtech sector, has been developed by EdtechX Holdings (EdtechX), a number one European edtech funding platform, and specialist schooling expertise funding financial institution, IBIS Capital. The methodology examines seven ESG metrics materials to the edtech sector together with components corresponding to attain and affordability, efficacy of schooling or coaching, accountable promoting and advertising and marketing practices, buyer privateness and information safety amongst others.

Key efficiency indicators inside every edtech-specific class, such because the variety of college students enrolled (together with these enrolled from underserved geographies and low-income households), course completion charges and job-placement charges, assist traders to precisely assess the efficacy of ESG initiatives and the strengths, weaknesses, and dangers of potential investments within the sector.

EdtechX and IBIS Capital hope its complete methodology can even assist edtech firms assess their very own ESG standards and efficiency, in addition to aiding the rising variety of generalist traders in search of to enter the house. EdtechX Holdings Acquisition Corp. II would be the first SPAC to guage potential investments on this manner, with the goal of attracting affect traders to the edtech business.

ESG is a core focus for EdtechX, which final yr launched the ‘SPACs for Good’ marketing campaign. The pledge noticed co-founders, Benjamin Vedrenne-Cloquet and Charles McIntyre, grant 4% of their SPAC founders shares to not-for-profit initiatives which assist the digitalisation of schooling. The marketing campaign additionally encourages different SPAC founders and sponsor groups to pledge a minimal of 1% of their founders shares as a grant for a similar causes. The co-founders hope to ascertain the marketing campaign as a market commonplace.

Benjamin Vedrenne-Cloquet, CEO and Co-Founding father of EdtechX and Associate at IBIS Capital mentioned: “The Covid-19 pandemic considerably impacted studying as most instructional establishments swiftly transitioned to a distant or hybrid studying mannequin comprised of a mixture of in-person and digital schooling. Whereas difficult to execute, this speedy shift accelerated developments within the subject of schooling expertise and a hybrid mannequin will undoubtedly be retained going ahead to boost conventional schooling.

It’s subsequently crucial that edtech firms working on this thrilling house stay on prime of not solely the technological challenges this construction poses, but in addition the related ESG components required to make sure the success of the mannequin in bringing equality to accessibility of schooling. We anticipate this system to assist a shift in the direction of ESG excellence within the sector.”

FORWARD-LOOKING STATEMENTS 

Sure statements included herein aren’t historic details however are forward-looking statements for functions of the protected harbor provisions underneath the USA Personal Securities Litigation Reform Act of 1995. Ahead-looking statements usually are accompanied by phrases corresponding to “consider,” “could,” “will,” “estimate,” “proceed,” “anticipate,” “intend,” “anticipate,” “ought to,” “would,” “plan,” “predict,” “potential,” “appear,” “search,” “future,” “outlook,” and comparable expressions that predict or point out future occasions or tendencies or that aren’t statements of historic issues, however the absence of those phrases doesn’t imply {that a} assertion just isn’t forward-looking. These statements are based mostly on numerous assumptions, whether or not or not recognized herein, and on the present expectations of EdtechX’s administration and aren’t predictions of precise efficiency. These forward-looking statements are offered for illustrative functions solely and aren’t supposed to function, and should not be relied on by any investor as, a assure, an assurance, a prediction or a definitive assertion of reality or likelihood. EdtechX undertakes no obligation to replace these statements for revisions or adjustments after the date of this launch, besides as required by regulation. 

  • EdtechX Adoption Life Cycle
  • EdTechX Founders

        



Supply hyperlink