IBL News | New York
Virtual laboratory and 3D simulations producer Labster raised this month another $60 million in Series C funding, benefiting from the increased demand of students forced to learn from home.
The round brings Labster’s total capital raised to $100 million. Well-known investors such as Andreessen Horowitz, GGV Capital, Owl Ventures, Balderton Capital, and EduCapital participated.
Michael Bodekaer, Founder & CEO of Labster, said that the company would use the funding to further expand—especially in South America—and develop new science courses.
Named one of Newsweek’s 50 U.S. Businesses That Stood Out During the Pandemic, Labster’s staff of 200 employees serves 2,000 universities and high-schools in 70+ countries.
“Labster recognizes that if you combine the best aspects of in-person instruction and a game-based platform, it’s a transformative learning experience for students,” said Scott Kupor, Managing Partner at Andreessen Horowitz, the VC that led the funding round.
Based in Copenhagen, Denmark, Labster says that its interactive simulations are a complementary learning tool for in-person university and high school education, as well as a resource to many hybrid and online courses.