Socioeconomic Empowerment EdTech Expands to Europe with €20,000,000 Capital Commitment
Youthful Savings LTD Secures Capital Commitment from GEM Group
LONDON, Jan. 19, 2022 /PRNewswire/ -- Youthful Savings LTD has signed an agreement with GEM Global Yield LLC SCS, a private investment group, for a subscription share facility that will allow Youthful Savings LTD to submit for a European public listing. Under the agreement, GEM commits to provide Youthful Savings LTD with a share subscription facility of €20,000,00 for a sixty month term following the public listing of the company shares on a European Stock Exchange. Youthful Savings LTD will control the timing and maximum amount of drawdown under the facility and has no minimum drawdown obligation. Concurrent to the public listing of Youthful Savings LTD's shares, GEM will receive warrants to purchase shares in the company.
Youthful Savings LTD, originally out of New York, NY, works extensively on socioeconomic empowerment through their unique proprietary learning platform, The Learning Marketplace. Youth are able to learn necessary real world skills like business, investing, bitcoin education, character development, restorative justice and many other skills that are not normally taught in the public school system. Graduates are able to become online business owners on Youthful Savings Marketplace. The learning ecosystem intends to unite the world through the power of sincere business and youth.
"Since investing in Youthful Savings in the early spring of 2020, we have seen the company grow and evolve to meet the ever-changing demands of the world. The company's dedication to its mission of uplifting youth is inspiring. We are excited for this new opportunity to expand Youthful Savings' reach and impact,"
-Judy Sindecuse, CEO and Managing Partner at Capital Innovators
In 2021, Youthful Savings was named 101 Best NYC Edtech Companies by UK based Beststartup and is a Capital Innovators portfolio company.
"Youthful Savings was created to impact all youth with the necessary skills needed to thrive in the global economy. Now more than ever, it is important that we equip our youth with the knowledge and resources that will allow them to lead the world with compassion, collaboration and contribution. We are thrilled to have a commitment from GEM group as we work to bring peace and prosperity to the world through the power of empowered youth."
-Somya R. Munjal, CEO of Youthful Savings
The financing will allow Youthful Savings to expand their technology and reach more youth that are in need of socioeconomic and community development.
About Youthful Savings:
Youthful Savings is an education technology learning ecosystem dedicated to socioeconomic empowerment through mental wellbeing, economic empowerment, and community development. Youthful Savings provides youth online education through The Learning Marketplace and a platform to create global online businesses via Youthful Savings Marketplace. Through Youthful Savings, youth have the ability to create a more inclusive global economy. For more information: www.youthfulsavings.com
About Global Emerging Markets:
Global Emerging Markets (GEM) is a $3.4 Billion alternative investment group with operations in Paris, New York and Los Angeles. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed 500 transactions in 70 countries. Each investment vehicle has different sets of operational concepts of risk adjusted return and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments. For more information: www.gemny.com
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