Intro:
Copenhagen-based Labster is a company that provides virtual laboratory simulations for science education. The company was founded in 2011 by a team of scientists and has since grown to offer a range of interactive, 3D simulations for biology, chemistry, and physics courses. Labster’s simulations aim to provide a more engaging and accessible learning experience for students, allowing them to perform virtual experiments and gain practical skills in a safe and cost-effective manner. The company has received multiple awards and partnerships with various educational institutions around the world.
A $60 million Series B fundraising round was completed by Labster, a virtual lab platform with headquarters in Copenhagen that creates digital simulations for students. EQT Ventures and Balderton Capital, two current investors, also participated in the round, which was led by the Los Angeles-based venture firm M13.
The business intends to use the additional funding to assist its entry into new markets and to expand its workforce in order to further its purpose of bringing STEM (Science, Technology, Engineering, and Mathematics) education to colleges and institutions and schools all around the world.
Mads Tvillinggaard Bonde, a graduate of the IT University of Copenhagen, and Anders Krogh, a former computer science lecturer at the same institution, created Labster in 2013. Since then, the business has expanded to become a leader in virtual laboratory simulations. It now has a library of over 100 simulations covering a variety of subjects, from engineering and physics to biology and chemistry.
The simulations produced by the company are intended to be both amusing and instructive. They give students the opportunity to participate in real-world situations that require problem-solving, collaboration, and decision-making. The simulations provide students with a distinctive opportunity to investigate and interact with science and can be utilised remotely as well as in the classroom.
The rising demand for digital solutions that might aid in bridging the gap between classroom learning and real-world experience has contributed to the company’s success. In addition to giving students a deeper understanding of science, Labster’s simulations make learning more fun and interesting than traditional lectures and textbooks.
Labster is well-positioned to continue its expansion into new areas thanks to its most recent round of funding. The organisation already collaborates with colleges and universities in more than 50 nations, and it intends to use the additional funding to broaden its clientele. Additionally, Labster intends to spend money on cutting-edge innovations that will enhance and enhance the immersion and engagement of its simulations.
A fantastic illustration of how technology may be applied to improve STEM education is Labster. Its success is proof of the effectiveness of digital learning, and its simulations provide students with an exciting and dynamic approach to learn. With the help of its most recent round of funding, Labster plans to broaden its market and keep giving kids creative ways to investigate the scientific world.
| Fact | Description |
|---|---|
| Company Name | Copenhagen-based Labster |
| Founded | 2011 |
| Founders | Mads Tvillinggaard Bonde, Michael Bodekaer, and Tommy Ahlers |
| Industry | Education Technology |
| Headquarters | Copenhagen, Denmark |
| Products | Virtual laboratory simulations for science education |
| Simulations | Biology, Chemistry, Physics and Engineering |
| Partnerships | Yale University, California State University, Massachusetts Institute of Technology, among others |
| Awards | EdTechXGlobal’s “Company of the Year” (2018) and Fast Company’s “Most Innovative Companies” (2019) |
| Website | https://www.labster.com/ |
Conclusion
Finally, Labster is an excellent illustration of how technology may be used to improve STEM education. Its success is proof of the effectiveness of digital learning, and its simulations provide students with an exciting and dynamic approach to learn. With the help of its most recent round of funding, Labster plans to broaden its market and keep giving kids creative ways to investigate the scientific world.