Labster Valuation, Funding & Investors
Labster is valued at $100M as of August 2020.
Last Labster valuation
$100M
Undisclosed stage · Aug 2020
Last Labster funding round
$45M
Series C · Apr 2022
Cumulative funding Labster raised
$149M
across 6 funding rounds
Key investors in Labster
Balderton Capital
Northzone
Owl Ventures
GGV Capital
Educapital
David Helgason
About Labster
Labster is a Copenhagen-headquartered company that develops virtual laboratory simulations using mathematical algorithms for e-learning in biotechnology and life sciences. Founded in 2011, its 3D platform features molecular animations, quiz questions, and case-based theory to deliver immersive experiences at reduced costs compared to physical labs. The simulations cover experimental processes and have demonstrated improved learning outcomes for students globally.
Founded
2011
HQ
CopenhagenWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$100M (Aug 2020)
Labster Valuation
Labster is currently valued at $100M, based on its undisclosed-stage round in August 2020.
The $9M round was led by GGV Capital, with participation from Balderton Capital, Owl Ventures and Northzone.
Labster valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2020 | Undisclosed stage | $100M |
Labster Funding History
Labster has raised a total of $149M across 6 funding rounds.
Labster's first fundraising round was a $4M seed round in April 2016. The most recent completed round was a $45M Series C in April 2022.
Labster funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Series C | Pirate Impact (lead); Sofina (lead); Owl Ventures; Andreessen Horowitz; AENU; NPF Technologies; GGV Capital; Educapital; 2xN | $45M | - | Labster is a Copenhagen- and Boston-based edtech company founded in 2012 that develops fully interactive virtual laboratory simulations using VR and mathematical algorithms to teach STEM subjects, supporting open-ended investigations for colleges, universities, high schools, and workforce training. The platform serves over 3,000 institutions across 70+ countries, including Harvard, MIT, Stanford, and Berkeley, and supports tens of thousands of courses and millions of students annually on a digital platform integrated with learning management systems. Named by Global Silicon Valley’s EdTech 150 as a transformative education company, Labster's team of 350+ employees aims to provide equitable access to science education amid hybrid and remote learning trends accelerated by the pandemic. On April 4, 2022, Labster raised $47 million in an additional funding tranche extending its Series C round, led by new investors Sofina Group and Pirate Impact, with participation from existing investors Owl Ventures, Andreessen Horowitz (a16z), Educapital, NPF Technologies, and GGV Capital. This brings total investment to $147 million, following prior raises including a 2021 Series C led by Andreessen Horowitz with Balderton Capital, Northzone, Swisscom Ventures, and Unity founder David Helgason, and a 2020 round adding GGV for Asian expansion. The new capital supports geographic expansion into Asia and Latin America, growth in Europe and the US, library enhancements for science simulations, and reach to younger students and adult workforce skills to serve 100 million students via institutional and government partnerships. Funds will hire across engineering, product, sales, and customer success teams to enable hybrid, remote, and in-person learning worldwide. |
| Feb 2021 | Series C | Andreessen Horowitz (lead); Balderton Capital; Swisscom Ventures; David Helgason; Owl Ventures; GGV Capital; Educapital; Northzone | $60M | - | Labster is a Copenhagen-based edtech platform providing virtual science laboratory simulations to schools, universities, and educational institutions. The company offers immersive VR-based STEM learning experiences delivered on a state-of-the-art digital platform accessible across 70+ countries, supporting over 3,000 universities and high schools with tens of thousands of courses serving millions of students annually. In February 2021, Labster announced a Series C funding round led by prominent venture capital firm Andreessen Horowitz, with participation from existing investors GGV Capital, Owl Ventures, and Balderton Capital, bringing total venture capital raised to $100 million at that time. CEO and co-founder Michael Bodekaer Jensen confirmed the funding round significantly increased the company's valuation but stated it had not yet reached unicorn status ($1 billion valuation). The capital was directed toward expanding staff, entering new geographic regions including Latin America and Africa, and investing in product development to better support educators and enable broader accessibility to high-quality science education. By April 2022, the company had raised an additional $47 million in a Series C-II extension, bringing total funding to $147 million with a team of 350+ employees supporting a mission to serve 100 million students globally through institutional and government partnerships. |
| Aug 2020 | Undisclosed stage | GGV Capital (lead); Balderton Capital; Owl Ventures; Northzone | $9M | $100M | Labster is a Denmark-based company developing virtual reality interactive laboratory simulations for STEM education, with operations in Copenhagen and Boston. The platform offers fully interactive advanced lab simulations using mathematical algorithms, gamification elements like immersive 3D universes, storytelling, and scoring systems to engage students and connect science to the real world. On August 12, 2020, Labster raised $9 million in an equity funding round led by GGV Capital, with participation from existing investors Owl Ventures, Balderton Capital, and Northzone. Jenny Lee from GGV Capital joined the board. The funds were earmarked for business expansion, particularly into Asian markets. Prior to this round, Labster had raised $35 million, bringing total funding to $44 million at that point. Labster's simulations are used by educational institutions including California State University, Harvard, MIT, Exeter University, Stanford, University of Hong Kong, and Berkeley, which subscribe to the e-learning solution to support and enhance in-person courses. Institutions select subscription tiers providing varying access to virtual laboratories. |
| Apr 2019 | Series B | Balderton Capital (lead); Northzone (lead); Owl Ventures (lead); Swisscom Ventures (lead); Nordic Makers; David Helgason; Entangled Group; Educapital | $21M | - | Labster is a Denmark-headquartered edtech company that develops fully interactive virtual laboratory simulations for STEM education in biology, chemistry, physics, engineering, and general sciences. These simulations enable students to explore lab experiments at their own pace, making STEM education more accessible, engaging, and cost-effective compared to physical labs. The platform has been adopted by leading institutions including Harvard, MIT, Stanford, ETH Zurich, Imperial College, and over 150 universities and high schools worldwide in 2018, reaching more than 200,000 students and quadrupling annual growth that year. Partnerships include Google, Arizona State University, Lenovo, Pearson, and Springer. On April 25, 2019, Labster raised $21 million in a Series B funding round led by Owl Ventures, with participation from Balderton Capital, Northzone, Swisscom Ventures, and existing investors Nordic Makers, David Helgason, Educapital, and Entangled Group. This brought total funding to $35 million at the time. The proceeds were allocated to accelerate expansion of Labster's STEM content catalogue, develop new lab simulations, and scale U.S. operations including customer support and sales. Labster operates on a subscription model with institution and individual student accounts, emphasizing educator onboarding and support to boost participation in STEM curricula, learning outcomes, and retention rates. Later rounds include a Series B - II and Series C, with a Series C - II of $47M in April 2022 involving many of the same investors, and total funding reaching $147M over seven rounds. |
| Sep 2017 | Series A | Balderton Capital (lead); David Helgason; Northzone | $10M | - | Labster is an award-winning virtual reality laboratory simulation platform designed to bring interactive science education to students worldwide. The company, founded by Mads Bonde and Michael Bodekaer Jensen, combines gaming technology and learning psychology to create immersive experiments accessible on laptops, tablets, and mobile devices. Labster raised $10 million in Series A funding led by Balderton Capital in September 2017, with participation from Northzone and David Helgason (founder of Unity Technologies), who also joined the board. At the time of the round, Labster was already working with 150 educational institutions across multiple countries and had developed more than 60 virtual learning simulations spanning chemistry, physics, and medicine. The company collaborated with leading universities including MIT and Imperial College London to develop cutting-edge scientific content. The funding was directed toward expanding the platform's reach in the US, Europe, and Asia, developing new simulations, and advancing Labster's simulation builder technology—which allows students and scientists to create their own VR simulations. Labster's platform addressed a critical gap in STEM education accessibility and engagement, positioning virtual labs as essential learning tools for both traditional classroom settings and emerging remote and hybrid learning modalities. |
| Apr 2016 | Seed | Innovation Fund Denmark (lead) | $4M | - | Labster raised DKK 24M from Innovation Fund Denmark (Innovationsfonden) around April 2016 to develop a virtual reality learning platform. The funding supported creation of a laboratory simulator for training in biotechnology, high-tech instruments, and research, involving partners like Technical University of Denmark, University of Copenhagen's BRIC, SDU's Department of Psychology, Stanford University, MIT, and UC Berkeley. The project aimed to build the world's first virtual learning environment to boost productivity and competency in precision-demanding labs and production. Education and Research Minister Tørnæs highlighted its potential to advance high-quality research and train bio- and high-tech researchers in Denmark. |
Who has invested in Labster?
16 investors have backed Labster across its funding rounds, including Balderton Capital, Northzone, Owl Ventures, GGV Capital, Educapital and David Helgason.
Lead investors include Pirate Impact, Sofina, Andreessen Horowitz, GGV Capital, Balderton Capital and 4 other investors.
Labster Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 London | 4 | Lead | Sep 2017 | |
 San Francisco, CA | 4 | Lead | Apr 2019 | |
| London | 4 | Lead | Sep 2017 | |
 Reykjavík | 3 | Participant | Sep 2017 | |
| San Francisco, CA | 3 | Lead | Aug 2020 | |
 Paris | 3 | Participant | Apr 2019 | |
 Zurich | 2 | Lead | Apr 2019 | |
| San Francisco, CA | 2 | Lead | Feb 2021 | |
 Stockholm | 1 | Participant | Apr 2019 | |
| Copenhagen | 1 | Lead | Apr 2016 | |
| San Francisco, CA | 1 | Participant | Apr 2019 | |
 Berlin | 1 | Participant | Apr 2022 | |
| Austin, TX | 1 | Participant | Apr 2022 | |
This data is available for Pro users. Sign up to see all 16 Labster investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Labster
Labster has acquired 1 company to date.
Last acquisition by Labster was on October 14th 2021. Labster acquired UbiSim for undisclosed valuation.
Latest Acquisitions by Labster
| Description | UbiSim is a US virtual reality simulation platform for nursing education headquartered in Los Angeles. Its VR scenarios replicate clinical environments like ER triage and med administration with haptic feedback and debrief analytics. Launched in 2020, UbiSim equips over 100 nursing schools across North America with cloud-based libraries of 50 patient cases. |
| HQ Country |  |
| HQ City | Montreal |
| Deal Date | 14 Oct 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Labster acquisitions and their M&A valuation multiples. Start Free Trial | |
Labster Competitors
Labster competitors include listed companies like Skillsoft, FLOWSPARKS, 51 Talk and I-Scream Media, and private ones like Leverage Edu and IDEA Digital Education Holdings Ltd.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 New Delhi | Private | $11M | - | $150M | 13.6x | |
| United States | Publicly listed | $513M | $32M | $58M | 1.3x | |
 Belgium | Publicly listed | $12M | $3M | $57M | - | |
 Port Louis | Private | - | - | $47M | - | |
 China | Publicly listed | $96M | ($16M) | $69M | 0.3x | |
 South Korea | Publicly listed | $143M | $48M | $171M | 0.7x |
Labster Public Comps
Labster is still privately-owned, but its public comps include EDU Holdings, Fenbi, Lumi Education Group, Chegg, FCE, Nerdy, ReadyTech, 51 Talk, Legacy Education and G8 Education.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $59M | $19M | 1.5x | 1.2x | 4.9x | 3.8x | |||
| $399M | $38M | - | - | - | - | |||
| $54M | $12M | 2.9x | 2.7x | 12.7x | 10.1x | |||
| $377M | ($30M) | 0.2x | 0.2x | (2.1x) | 1.5x | |||
| $39M | $6M | 1.5x | 1.5x | 8.9x | - | |||
| $179M | ($54M) | 0.4x | 0.4x | (1.2x) | (9.2x) | |||
| $89M | $20M | 1.7x | 1.7x | 7.8x | 5.9x | |||
| $96M | ($16M) | 0.3x | 0.3x | (2.0x) | - | |||
This data is available for Pro users. Sign up to see all Labster competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Labster
| When was Labster founded? | Labster was founded in 2011. |
| Where is Labster headquartered? | Labster is headquartered in Copenhagen, Denmark. |
| Is Labster publicly listed? | No, Labster is a private, VC-backed company. |
| What is Labster's valuation? | Labster was last valued at $100M in its undisclosed-stage round in August 2020. |
| How much funding has Labster raised? | Labster has raised $149M across 6 funding rounds. |
| What was Labster's last funding round? | Labster's last funding round was a $45M Series C in April 2022, led by Pirate Impact and Sofina. |
| Who are Labster's investors? | Labster's investors include Balderton Capital, Owl Ventures, Northzone, David Helgason, GGV Capital, Educapital, Swisscom Ventures, Andreessen Horowitz, Nordic Makers, Innovation Fund Denmark and 6 others. |
| Which companies are comparable to Labster? | Companies comparable to Labster include Leverage Edu, Skillsoft, FLOWSPARKS, IDEA Digital Education Holdings Ltd, 51 Talk and I-Scream Media. |
| How many companies has Labster acquired? | Labster has acquired 1 company, including UbiSim. |
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