Copenhagen-based Labster, a virtual lab platform that develops digital simulations for students, has raised $60 million in a Series B funding round. The round was led by M13, a venture firm based in Los Angeles, with participation from existing investors EQT Ventures and Balderton Capital.
The company plans to use the new capital to fund its expansion into new markets, as well as to hire more staff to support its mission of bringing STEM (Science, Technology, Engineering, and Mathematics) education to universities and schools around the world.
Labster was founded in 2013 by Mads Tvillinggaard Bonde, a graduate of the IT University of Copenhagen, and Anders Krogh, a former professor of computer science at the same university. The company has since grown to become a leader in virtual laboratory simulations, with a library of over 100 simulations across a range of disciplines, from biology and chemistry to engineering and physics.
The company’s simulations are designed to be both entertaining and educational. They enable students to learn by taking part in realistic scenarios that involve problem solving, decision-making, and collaboration. The simulations can be used both in the classroom and remotely, and offer a unique way for students to explore and engage with science.
The company’s growth has been driven in part by the increasing demand for digital solutions that can help to bridge the gap between classroom instruction and real-world experience. Labster’s simulations allow students to gain a deeper understanding of science, while also providing a more engaging way to learn than traditional lectures and textbooks.
With its latest round of funding, Labster is well-positioned to continue its expansion into new markets. The company is already working with universities and schools in over 50 countries, and plans to use the new money to further increase its reach. In addition, Labster plans to invest in new technologies that will help to improve its simulations and make them even more immersive and engaging.
Labster is a great example of how technology can be used to enhance STEM education. Its simulations offer an engaging and interactive way for students to learn, and its success is testament to the power of digital learning. With its latest funding round, Labster is set to further expand its reach, and to continue providing students with an innovative way to explore the world of science.
FAQ
Q: What is Labster?
A: Labster is a virtual lab platform that develops digital simulations for students. It was founded in 2013 by Mads Tvillinggaard Bonde and Anders Krogh, and has since grown to become a leader in virtual laboratory simulations, with a library of over 100 simulations across a range of disciplines, from biology and chemistry to engineering and physics.
Q: What does Labster offer?
A: Labster offers digital simulations that are designed to be both entertaining and educational. They enable students to learn by taking part in realistic scenarios that involve problem solving, decision-making, and collaboration. The simulations can be used both in the classroom and remotely, and offer a unique way for students to explore and engage with science.
Q: How has Labster grown?
A: Labster’s growth has been driven in part by the increasing demand for digital solutions that can help to bridge the gap between classroom instruction and real-world experience. Labster recently raised $60 million in a Series B funding round, which it plans to use to fund its expansion into new markets, as well as to hire more staff to support its mission of bringing STEM education to universities and schools around the world.
Q: How will Labster use the new funding?
A: Labster plans to use the new capital to fund its expansion into new markets, as well as to hire more staff to support its mission of bringing STEM education to universities and schools around the world. In addition, Labster plans to invest in new technologies that will help to improve its simulations and make them even more immersive and engaging.
Conclusion
In conclusion, Labster is a great example of how technology can be used to enhance STEM education. Its simulations offer an engaging and interactive way for students to learn, and its success is testament to the power of digital learning. With its latest funding round, Labster is set to further expand its reach, and to continue providing students with an innovative way to explore the world of science.
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