CanopyLAB raises €2.5 million in a round led by Sparkmind VC.

CanopyLAB, a Copenhagen, Denmark-based provider of an AI-powered social learning platform and learning community, announced the completon of a €2.5 million ($3M) capital funding round.

The money was raised from invstors led by Sparkmind VC, which contributed €1.1 million to the round. Existing and new investors including Jørgen Balle Olesen and The Index Project also participated.

To complement the equity raised, CanopyLAB has also received €1.4 million venture loan and soft money from the Danish Growth Fund and Innovation Fund Denmark.

CanopyLAB, founded in 2015 and led by CEO Sahra-Josephine Hjorth, developed a research-based social e-learning platform, The Canopy, in use in over 200 schools by more than 100 000 students and by close to 30 companies such as the DanishAssociation of Electricians, Copenhagen School of Entrepreneurship and TEINTE Educación.

Alongside the platform, CanopyLAB runs a learning community, The Lab, enabling teachers and students to exchange ideas and take free courses based on materials from more than 100 NGOs.

The courses cover several highly relevant global topics such as climate change, health, and the sustainable development goals. The Lab has more than 25 000 teachers and close to 150 000 students as users.

The geographical market focus of the educational institutions business is LatAm, Africa, and Asia while corporate sales are primarily focused on Europe.