STEM Startup Labster Nabs $10M Funding to Expand 3D Lab Simulations


STEM Startup Labster Nabs $10M Funding to Expand 3D Lab Simulations

Sep 9, 2017

LABSTER: 3D STEM simulations startup Labster has picked up $10M in a Series A financing round led by British venture capital firm Balderton Capital, reports VentureBeat.

Based in Copenhagen, Denmark, Labster simulates a variety of physics, chemistry, and biology labs—from protein synthesis to the fundamentals of animal genetics—in a laptop or mobile setting, although the company is starting to support more VR headsets. The labs were created in partnerships with industry giants like Thermo Fisher Scientific and research institutions such as Auburn University.

Prices start at $9 per month for high school students and $19 for college students. Already, the simulations are being used by Harvard, MIT and other big domestic and international schools. Previously the company received about $10M in grant funding.

The recently raised money will help the company expand to more schools in the U.S. and Europe and develop new simulations. Northzone and Unity Technologies founder David Helgason also invested in this round.

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