Labster Secures $21M Series B to Scale U.S. Operations and Expand Virtual Lab Catalogue

Labster, the award-winning producer of virtual lab simulations, has raised a $21 million Series B funding round led by Owl Ventures, with participation from Balderton Capital, Northzone, Swisscom Ventures and existing investors.

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. The round will accelerate the expansion of Labster’s STEM content catalogue and the development of new lab simulations. The funding will also enable the company to continue to scale its U.S. operations, including customer support and sales.

Labster founders, Mads Bonde and Michael Bodekaer

“Labster is making STEM education more easily accessible and engaging for students around the globe by providing unique, interactive experiences in laboratory environments that are typically inaccessible to most people.

Michael Bodekaer, Labster co-founder

Labster’s groundbreaking simulations have been proven to increase participation in STEM curricula, while simultaneously increasing learning outcomes and improving retention rates. Labster works with leading educational institutions around the world including ETH in Zurich, MIT and Imperial College. More than 150 universities and high schools around the world took up Labster’s virtual labs in 2018, quadrupling their annual growth and enabling more than 200,000 students worldwide to use virtual labs as a part of their science education. Labster has also developed partnerships with industry leaders in technology and education like Google and Arizona State University, Lenovo, Pearson and Springer.

Still from one of Labster’s lab simulations

“Mads, Michael and the Labster team continue to improve access to STEM education and redefine what is possible for both students and educators. We’re proud to support Labster as it expands throughout the U.S., making its virtual labs and simulations available to more students and inspiring a new generation to pursue STEM-related fields.”

Balderton’s Lars Fjeldsoe-Nielsen, general partner

To read more about the fundraise:

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