Bringing virtual labs to high school and college students brings $47 million to Labster

There is an ongoing need to boost hybrid and distance learning accelerated by the pandemic and the rapid digitization of the education sector. Add to this the use of immersive virtual reality (VR) technology, which is now playing an increasing role in the delivery of education.

Betting big on the segment, Danish platform for virtual labs and interactive science Labster has raised $47 million in funding to support massive growth opportunities around the world.

This round of capital saw the participation of new investors Sofina Group and Pirate Impact, as well as existing investors including Owl Ventures, Andreessen Horowitz, EduCapital, NPF Technologies and GGV Capital. They join the Series C announced in 2021 led by Andreessen Horowitz. Other investors included Balderton Capital, Northzone, Swisscom Ventures and David Helgason, founder of Unity Technologies.

The total investment in the platform now stands at $147 million.

This new capital injection will allow the Copenhagen-based platform to further develop in Europe and the United States and to establish itself in Asia and Latin America. By investing more funds in its library of science simulations and expanding its reach to young students and adult workforce skills training, the startup will be able to serve 100 million students worldwide through its institutional and governmental partnerships.

Michael Bodekaer Jensen, co-founder and CEO of Labster, said: “This additional funding will help us continue to increase our support to a wider group of students, teachers and educational institutions around the world. to make our mission a reality. There has been a fundamental shift in the nature of education over the past two years that confirms the great value and impact on student engagement and learning outcomes of virtual educational simulations offered in tandem with in-person classes led by teachers in a post-pandemic period. world.”

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