# Labster

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/labster-aps

- Industry: Software
- Headquarters: Copenhagen, Denmark
- Website: www.labster.com
- Total disclosed funding: $138M
- Latest round: Series C (Apr 4, 2022)
- Investors on record: 11

## About

Based in Denmark, Labster ApS operates as an educational technology company that delivers immersive virtual laboratory simulations for schools and universities, enhancing STEM learning outcomes through interactive experiences.Labster ApS, founded in 2011 in Copenhagen, Denmark, specializes in developing virtual laboratory simulations aimed at educational institutions. The company has successfully completed 9 deals, with its most recent round being a Series C funding in April 2022, which raised USD 47.00 mn from investors including Sofina and Andreessen Horowitz. The founders, Mads Bonde and Michael Jensen, have steered the company towards addressing critical challenges in STEM education.Labster specializes in providing immersive virtual laboratory simulations tailored for educational institutions, including universities and high schools. The core offerings encompass a comprehensive suite of over 300 interactive simulations that cover essential subjects such as chemistry, biology, health sciences, and physics. These simulations are designed to reinforce critical STEM concepts, enhance student engagement, and improve learning outcomes by allowing students to conduct experiments in a virtual environment that mimics real-world laboratories. The company’s solutions aim to address challenges in STEM education, such as low student engagement and high dropout rates in introductory courses, by providing a safe, realistic, and scalable learning platform. Labster serves a diverse customer base, including educational institutions across North America, Europe, and Asia, focusing on both educators and students as end users.Labster generates revenue primarily through subscription-based models, offering various plans tailored to meet the needs of different educational institutions. Clients, including universities and high schools, can select from different subscription tiers that provide access to Labster’s extensive library of virtual lab simulations. These plans include options for course mapping services to align simulations with institutional curricula, enhancing their value proposition for educators. Pricing structures are designed to accommodate varying institutional sizes and needs, ensuring that access to their flagship products, such as the Advanced and Elite plans, aligns with the educational objectives of their clients. For the most recent year, Labster reported an EBITDA of USD -4,343,474.80.In April 2022, Labster ApS raised USD 47.00 mn in Series C funding, co-led by new investors Sofina and Pirate Impact Capital GmbH, with participation from returning investors Owl Ventures, Andreessen Horowitz, EduCapital, and GGV Capital. The company will utilize this funding to enhance its library of science simulations, broaden its reach to younger students, and support adult workforce skills training. Additionally, Labster is planning to expand into new geographic regions as part of its growth strategy.

## Funding rounds

- Series C, Apr 4, 2022, $47M — Granite Asia, Sofina, Andreessen Horowitz, OWL Ventures, Educapital, AENU
- Series C, Feb 10, 2021, $60M — Northzone, Granite Asia, Balderton Capital, Andreessen Horowitz, Swisscom Ventures, OWL Ventures, Educapital
- Series B, Apr 25, 2019, $21M — Northzone, Balderton Capital, Swisscom Ventures, OWL Ventures, Nordic Makers, Educapital, Entangled Group
- Series A, Sep 4, 2017, $10M — Northzone, Balderton Capital

## Investors

- Northzone (https://capitalatlas.ai/funds/northzone) — Series A, Series B, Series C
- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A, Series B, Series C
- Swisscom Ventures (https://capitalatlas.ai/funds/swisscom-ventures) — Series B, Series C
- OWL Ventures (https://capitalatlas.ai/funds/owl-ventures) — Series B, Series C
- Nordic Makers (https://capitalatlas.ai/funds/nordic-makers) — Series B
- Educapital (https://capitalatlas.ai/funds/educapital) — Series B, Series C
- Entangled Group (https://capitalatlas.ai/funds/entangled-group) — Series B
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series C
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series C
- Sofina — Series C
- AENU (https://capitalatlas.ai/funds/aenu) — Series C