Labster closes $10M in series A investment, bring virtual lab simulations to students around the world.
Labster, a Copenhagen, Denmark-based company working on the development of virtual laboratory simulations, announced raising an investment round of $10M in series A funding. The backers are Balderton Capital, Northzone as well as angel investor David Helgason, who also joins the board, besides investing in the company.
Labster, founded in 2011 by Michael Bodekaer and Mads Tvillinggaard Bonde, provides an easily accessible way for students to experience science by creating fully interactive advanced virtual lab simulations that use technology from computer gaming and research on the psychology of learning to guide students through real science experiments.
Working with customers including Massachusetts Institute of Technology in Cambridge, USA, and Imperial College in London, Labster develops simulations designed to deepen students’ learning, as well as to prepare them for more advanced studies in real labs. University students can perform simulations of experiments as many times as they need to, around their own timetable on their own devices, or in a classroom with the guidance of a teacher.
The money will be used to fund Labster’s expansion in the US and Europe, as well as help initiate special projects in South America, the Middle East and Africa. Labster intends to develop new simulations for students in chemistry, physics and medicine. The funding will also enable the company to continue its extensive research into the learning impact of virtual content and new technologies on students from around the world.