Labster scores $21M Series B to bring VR to STEM education

TechCrunch | 4/25/2019 | Staff
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Labster, the Denmark headquartered startup building virtual laboratory simulations for STEM students, has raised $21 million in Series B funding.

Leading the round is Owl Ventures, with participation from Balderton Capital, Northzone and Swisscom Ventures. Previous backers Nordic Makers, David Helgason, EduCapital and Entangled Group also followed on, bringing the total raised by the company to date to $35 million.

Labster - Laboratory - Simulations - VR - Students

Launched back in 2013, Labster provides interactive laboratory simulations powered by VR for students that wish to explore lab experiments in biology, chemistry, physics, engineering and general sciences. It offers 70 virtual labs with the aim of increasing participation in STEM curricula, while also improving learning outcomes and retention rates.

“STEM-related careers are increasingly becoming both more in demand and also more important than ever before,” says Labster co-founder Michael Bodekaer. “However, most students will never have access to expensive, high-tech labs, or have enough time in the lab to learn critical skills they’ll need”

Labster - Lab - Simulations - Student - Curiosity

Specifically, Labster’s fully interactive virtual lab simulations are designed to engage and stimulate a student’s natural curiosity as they learn. The idea is to provide an environment where can experiment with and explore different lab scenarios — and at less cost than brick ‘n’ mortar labs.

“We aim to provide modern science learning that is cost and time-effective,” says Bodekaer.

Universities - Schools - World - Labster - Labs

More than 150 universities and high schools around the world used Labster’s virtual labs in 2018, a quadrupling of annual growth that...
(Excerpt) Read more at: TechCrunch
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