Founded in 2011 by Michael Bodekaer Jensen and Mads Bonde, Labster is the developer of a game-based platform with virtual laboratory simulations that can be used as a full lab replacement or as a complementary learning tool for in-person, hybrid, and remote university and high school education. In addition, the platform offers 3D animations, quizzes, and a virtual learning assistant for each simulation. Labster's platform is used by more than 3,000 colleges, universities, and high schools across more than 70 countries, as of April 2022.
Funding and financials
In April 2022, the company raised USD 47 million in a funding round that included new investors Sofina Group and Pirate Impact and will use the funds to expand within Europe and the US, and enter new markets in Asia and Latin America. The company also intended to reach new audiences: younger students and adults for workforce skills training. It expects to serve 100 million students globally, supported by its institutional and government partnerships. The round follows its USD 60 million Series C funding round in February 2021.
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