Labster, a Boston, MA-based producer of virtual laboratory simulations, raised $60m in Series C funding.
The round was led by new investor Andreessen Horowitz, joined by existing investors GGV Capital, Owl Ventures, Balderton Capital, David Helgason, founder of Unity Technologies, Northzone, Swisscom Ventures, and EduCapital. The round brings Labster’s total capital raised to $100m.
The company intends to use the funds to accelerate global expansion and development of new science courses.
Led by Michael Bodekaer Jensen, Founder & CEO, and Mads Bonde, Founder and Chairman, Labster is a producer of virtual laboratory simulations for hybrid, remote, and in-person learning modalities focusing on supporting instructors. The company’s simulations have proven to be a complementary learning tool for in-person university and high school education and have also been an essential resource to many hybrid and online courses.
Labster’s core team of 200 employees supports over 2,000 universities and high-schools including MIT, Yale, ETH Zürich, the University of Cambridge, and Imperial College and tens of thousands of courses. Currently in 70+ countries, the company will establish operations in South America this spring.