EdTechX Holdings Acquisition Corp. II and IBIS Capital


LONDON, 25 November 2021 (Globe Newswire) — edtechx Holdings Acquisition Corp. II and IBIS Capital launches new ESG and impact analysis methodology for edtech Funding

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

The proprietary methodology, first of its form within the edtech sector, has been developed by EdTechX Holdings (EdTechX), a number one European edtech funding platform, and specialist training expertise funding financial institution, IBIS Capital. system checks Seven ESG metrics content material for the edtech sector that features components resembling accessibility and affordability, efficacy of training or coaching, accountable gross sales and advertising and marketing practices, buyer privateness and information safety.,

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, give buyers an correct evaluation of the efficacy of ESG initiatives assist to do. and the strengths, weaknesses and dangers of potential investments on this space.

EdTechX and IBIS Capital hope that its complete methodology will assist edtech firms assess their very own ESG standards and efficiency, in addition to assist the rising variety of common buyers seeking to enter the house. EdTechX Holdings Acquisition Corp II would be the first SPAC to judge potential investments on this approach, aimed toward attracting impression buyers into the edtech business.

ESG is a core focus of EdtechX, which launched the ‘SPACs for Good’ marketing campaign final yr. The pledge noticed co-founders, Benjamin Vedren-Cloquet and Charles McIntyre, grant 4% of their SPAC founders to nonprofit initiatives that assist the digitization of training. The marketing campaign additionally encourages different SPAC founders and sponsor groups to pledge at the very least 1% of their founder’s shares as grants to related causes. The co-founders hope to set this marketing campaign as a market benchmark.

Benjamin Vedren-Cloquet, CEO and Co-Founding father of EdTechX and Accomplice at IBIS Capital, mentioned, “The Covid-19 pandemic impacted studying considerably as most academic establishments quickly transitioned to a distance or hybrid studying mannequin, which included a mixture of in-person and digital studying. Whereas difficult to execute, this fast change accelerated advances in training expertise and a hybrid mannequin will undoubtedly be maintained going ahead to reinforce conventional training.

It’s due to this fact crucial that edtech firms working on this thrilling house not solely keep on high of the technical challenges of this infrastructure, but additionally related ESG components are important to make sure the success of the mannequin in bringing fairness in entry to training. We anticipate this strategy to assist a shift in direction of ESG excellence on this space.

forward-looking statements

Among the statements contained herein should not historic information however are forward-looking statements for the needs of the Secure Harbor provisions below the US Personal Securities Litigation Reform Act of 1995. Ahead-looking statements are normally accompanied by phrases resembling “consider”, “might”. , “will,” “estimate,” “proceed,” “estimate,” “intend,” “anticipate,” “ought to,” “will,” “plan,” “predict,” “in all probability,” “appear , “discovery,” “future,” “strategy,” and related expressions that predict or point out future occasions or developments or that aren’t statements of historic affairs, however the absence of those phrases don’t suggest {That a} assertion shouldn’t be forward-looking. These statements are based mostly on varied assumptions, whether or not or not recognized herein, and should not based mostly on the present expectations of EdTechX administration and are a prediction of precise efficiency. These forward-looking statements are for illustrative functions solely. are supplied and should not meant to function a assure, assurance, prediction or a definitive assertion of truth or likelihood by any investor, and shouldn’t be relied upon. Besides as required by EdTechX regulation, this launch assumes no obligation to replace these statements for revisions or adjustments after the date of.

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