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Nas Academy Nets $12m in Fresh Funding

BusinessNews

Everything you need to know in 45 words

Investors have awarded US$12 million to the Singapore-based online education platform Nas Academy. The technology startup, which caters to content-creation students in 184 countries, is experiencing rapid growth and promises to use the funding to expand product teams, global engineering efforts, and Web3 offerings.

More about Nas Academy’s fresh funds

 

Nas Academy offers educational opportunities in content creation to students worldwide. 

 

The startup is unique because it offers both conventional learning experiences and educational communities where creators can engage in peer learning and strengthen their acquired skills.

 

In 2022, the company announced its intentions to expand its team. 

 

Investors harnessed their resources to enable the startup to fund its expansion, securing over $12 million. 

 

The company intends to direct funds toward research and development, product expansion, Web3 sophistication, and recruitment and hiring.

 

Contributors include Pitango, venture capital firms HOF capital and BECO Capital, crypto trader FTX US, and individual investors.

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The startup is unique because it offers both conventional learning experiences and educational communities where creators can engage in peer learning and strengthen their acquired skills.

Other related developments from around the industry

Over the last three years, virtual education startups have experienced tremendous growth.

 

Since the Covid-19 pandemic, online learning has become an increasingly popular means of bringing effective teachers to distant or previously inaccessible students.

 

Amphy earns a software update:

In July 2022, the virtual learning platform Amphy unveiled an extensive software update consisting of an upgraded user interface and a more modern design.

 

Amphy offers live online learning sessions to students from around the world and has become increasingly popular since the advent of the global pandemic.

 

The software update represents Amphy’s efforts to meet rising demand and offer a satisfying and pleasurable experience to students seeking enlightening and engaging learning opportunities.

 

Amphy will offer all their users these new features: An improved UI Design, Fast filters, Amphy Hubs, Favorites, Story View, and Quick booking

 

Paper secures funding: 

In April, the Montreal-based education start-up Paper received US $267 million (CA $343 million) to support online tutoring technology. 

 

Paper provides K-12 tutoring to needy school districts, and the company’s founder, Phil Cutler, promises to rectify educational disparities using the easily accessible platform.

 

The company’s new investors, Sapphire Ventures and Softbank Vision organized this latest round of funding efforts. 

 

As Paper caters mainly to U.S. customers, the company will direct the secured funds toward meeting the U.S. demand for the Canadian platform.

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