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

techcrunch | April 25, 2019

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.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.”

Spotlight

In the 1990s, digital learning or eLearning started to take off, leading the way into a digital realm of education. The word eLearning was first created in 1998. To put that in perspective, this was the same year that Google was launched. Since 2000, there has been a 900% growth in the eLearning industry. This is significantly more than previously thought. But why did this form of education become so popular? It naturally evolved from the use of technology in everyday life.

Spotlight

In the 1990s, digital learning or eLearning started to take off, leading the way into a digital realm of education. The word eLearning was first created in 1998. To put that in perspective, this was the same year that Google was launched. Since 2000, there has been a 900% growth in the eLearning industry. This is significantly more than previously thought. But why did this form of education become so popular? It naturally evolved from the use of technology in everyday life.

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CLASS101 Announces the Global Consolidation of Its Subscription Service, CLASS101+

CLASS101 | December 08, 2022

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Keysight Introduces Credentials for Its E-Learning Program

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