Danish VR company Labster has raised $10 million. The Series A round was led by Balderton Capital with participation from Northzone and Unity Technologies founder David Helgason.
Labster builds interactive virtual lab simulations for researchers, game developers, and the psychology field.
Customers include MIT and Imperial College, which are building simulations to prepare for advanced real lab work, such as handling corrosive substances or simulating microscope usage. Currently Labster has over 64 simulations in its bank.
The new funds will be used to power the company's growth in Europe, the US, and Asia. It will invest in developing simulations for students in chemistry, physics, and medicine as well as carrying out further research on VR learning. The company also plans to further develop its simulation builder platform for students and scientists to build their own VR simulations.
“Labster provides the education sector with an opportunity to increase learning and motivation to unprecedented levels,” said Mads Tvillinggaard Bonde, CEO of Labster. “By uniting elements from the psychology of learning, virtual simulations and gaming, Labster is helping students learn more effectively and use resources that might be otherwise impossible to access.”
“Having worked closely with the amazing team at Labster over the past few years, I’ve had the opportunity to witness their incredible creativity, hard work and determination first hand,” added Unity’s David Helgason, who contributed to the round.