Labster, a Boston, MA-based producer of virtual laboratory simulations, raised $21m in Series B funding.
The round was led by Owl Ventures, with participation from Balderton Capital, Northzone, Swisscom Ventures, Nordic Makers, David Helgason, EduCapital and Entangled Group.
The company intends to use the funds to accelerate:
– the expansion of its STEM content catalog and development of new lab simulations, giving students and educators more access to realistic lab experiences; and
– to continue to scale its U.S. operations, including customer support and sales.
Led by Michael Bodekaer, Labster provides fully interactive virtual laboratory simulations for students from all over the world to explore lab experiments in biology, chemistry, physics, engineering and general sciences at their own pace. With over 70 virtual labs offered, Labster’s simulations engage students, and have been proven to increase participation in STEM curricula, while increasing learning outcomes and improving retention rates.
More than 150 universities and high schools in 25 countries, including ETH in Zurich, MIT and Imperial College, took up Labster’s virtual labs in 2018, enabling more than 200,000 students worldwide to use virtual labs as a part of their science education.
The company has also developed partnerships with industry leaders in technology and education like Google and Arizona State University, Lenovo, Pearson and Springer.