SINGAPORE (JULY 13, 2021) – Nas Academy, a global education platform that empowers creators to build their own academy, today announced their $11 million Series A funding led by Lightspeed Venture Partners and backed by other investors including 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.
Nas Academy will use the new funding to fuel its mission to continue building tools that will help creators architect the best academies for students, expanding their network of creator partners and strategic partners, and making the platform’s content accessible to every person in the world.
Nas (which means “people” in Arabic) Academy allows creators to set up an academy in just a few easy steps on its platform. Creators can instantly create a new course, market to students, get discovered, and interact with classrooms full of virtual students who want to learn from them. Nas Academy’s founding and leadership team, comprised of experienced creators themselves, help onboard, coach, and grow the academies.
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 recognized 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.
“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 has also changed education as we know it. Nas Academy will decentralize 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.”
Since the company’s inception in 2020, Nas Academy has hosted 250 cohorts of full courses covering topics like the art of storytelling, growing your social media presence, building camera presence, the anatomy of a viral video and more. Well-known creators including Smile Squad, Dear Alyne, and MingWeiRocks have launched their academies and generated millions in revenue. Students have tuned in from more than 110 countries, making Nas Academy a truly global platform.
“We’re excited to back Nas Academy which sits at the rapidly emerging intersection of education tech and the creator economy,” said Akshay Bhushan, partner at Lightspeed. “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.”
For students, learning on Nas Academy is entirely classroom-based. Students from around the world learn together in batches and interact with each other directly on the platform through a learning portal, WhatsApp group, Zoom sessions with a trainer, and individual sessions with the creator. This unique method of teaching that Nas Academy architected has resulted in much higher completion rates than traditional education technology platforms.
Nas Academy is an online education platform for the creator economy. Founded by Nuseir Yassin, Creator of Nas Daily, who has over 40 Million followers across social media platforms. Nas means people in Arabic and Nas Academy’s (The People’s Academy) mission is to empower creators to share their knowledge.
Unlike other edtech platforms, Nas Academy is built for the modern creator, supporting them with curriculum development, marketing, and community management. In just over a year, Nas Academy has helped creators generate millions of revenue and teach students from 110 countries.
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Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 400 companies globally, including Snap, Nest, Nutanix, AppDynamics, MuleSoft, OYO, Guardant, Affirm, and GrubHub.
Lightspeed and its affiliates currently manage $10.5B across the global Lightspeed platform, with investment professionals and advisors in Silicon Valley, Israel, India, China, Southeast Asia, and Europe.
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