Let’s Level Up (registered as The New Ed Company Limited), a London-based startup that helps coaches and industry experts monetise their expertise online through thriving learning communities, has raised an undisclosed amount in a pre-seed funding round.
The round was led by UK super angel Kenan Altunis and a few other London-based angel investors.
Founded in 2021 by Varun Balsara, Samara Mistri, and Luke Netherclift, Let’s Level Up helps experts, coaches, and consultants scale and reduce dropout rates significantly through a personalised platform that embraces cohort-based courses and group coaching. The platform also enables creators to launch learning communities in hours rather than days or weeks.
“We are excited to back the stellar LLU team and support the company through its next exciting growth phase,” lead investor Kenan Altunis commented.
According to a news release, the new funding will enable The New Ed Company Limited to build a more comprehensive product and serve its existing community better. The company plans to iterate faster on its platform, introducing features such as AI-powered tools to help creators market, distribute, and teach their content effectively. The funds will also allow for more emphasis on education and community events, focusing on providing training to experts, coaches, and consultants to help them succeed.
The New Ed Company’s successful fundraising is a testament to its innovative approach to online learning and dedication to supporting its community, said a statement. With the additional resources, the company is well-positioned to continue providing its users with high-quality services and products and expand its reach in the online learning industry, added the statement.
Let’s Level Up has helped over 100 experts, coaches, and consultants in just under 18 months, with industry-beating average course completion rates and NPS scores.
Varun Balsara, Samara Mistri, and Luke Netherclift shared a passion for building a future for education centred on quality, continuous, and decentralised learning taught by experts, coaches, and consultants. Varun is the head of business development at Let’s Level Up. He has led product and business teams before. He has built ConnectUs, an app that helped Warwick University students find friends through a psychology-backed algorithm that connected them to events, positively impacting hundreds of students. He is also a successful course creator and creator coach, helping coaches scale their businesses.
Samara Mistri, the company’s head of product and technology, is a self-taught developer who worked as a freelance web designer and developer before founding Let’s Level Up.