Nas Academy, a Singapore-based education platform that empowers creators to build their own academy, has raised US$11 million in a Series A funding round led by Lightspeed Venture Partners.
Other investors include TechAviv Founder Partners, 500 Startups, Graph Ventures, FreshFund, Metapurse, Balaji Srinivasan, Emilie Choi (President and COO of Coinbase), Ritesh Agrawal (founder and CEO of OYO), Markian (a creator with over 10 million followers), and the founders of Jellysmack.
With the fresh funds, the company plans to expand its network of creator partners and strategic partners to make the platform’s content accessible to every person in the world.
Nuseir Yassin, a Harvard-educated software engineer-turned-creator with over 40 million followers across all social media platforms, founded Nas Academy in 2020 because he himself was part of the explosion of the creator economy and witnessed firsthand its full potential to reach everyday fans.
Yet he recognised a core problem for creators; despite reaching millions of followers and billions of views, creators still struggled to make a sustainable living from social media platforms.
There was also an untapped market to help creators spread the wealth of their skills to other budding creators.
Yassin wanted to create a different type of education platform — one with creators in mind that removes the barriers for creators to become educators
Unlike other edutech platforms, Nas Academy supports creators with curriculum development, marketing, and community management.
In just over a year, Nas Academy claims to have helped creators generate millions of revenue and teach students from 110 countries.
“Nas Academy was born out of a problem I faced. If a creator wants to teach, they need to use multiple services, figure out marketing, and spend a lot of time and effort to build a learning experience. With our support and platform, we make it super easy and straightforward to turn a YouTuber into a professor,” said Yassin.
“COVID-19 has also changed education as we know it. Nas Academy will decentralise online education. Just like social media platforms enabled a kid from a village to get more views than CNN, Nas Academy wants to enable one creator to become bigger than Harvard,” he added.
Akshay Bhushan, Partner at Lightspeed, said: “New media is increasingly dominated by creators and Nuseir & team, having been successful creators themselves, are uniquely positioned to enable creators to become educators to teach and monetise their respective crafts.”
Image Credit: Nas Facebook Page
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