Forget the metaverse – Labster raises $47m to build the 'eduverse'

Find the Latest SoC Solutions
for... Automotive... IoT... Security... Audio... Video

sifted.eu, Apr. 04, 2022 – 

Five years before the metaverse became trendy, Danish edtech company Labster was already building one.

Founder Michael Bodekaer Jensen might not have used the term at the time, but this is essentially what the platform is – an educational "eduverse" where students can wander around a science campus to do virtual experiments or take VR-based medical training courses, and where teachers could build and share their own digital teaching materials.

Labster boomed when the Covid-19 pandemic closed many schools. And the company feels it can move up another gear as the metaverse awakens schools, governments and businesses to the potential of immersive virtual worlds.

The company just raised $47m in a round led by Sofina Group and Pirate Impact to help support this growth. This brings the total raised by the 11-year-old company to $147m. Other investors participating in the round included Owl Ventures, Andreessen Horowitz, EduCapital, NPF Technologies, GGV Capital, Balderton Capital, Northzone, Swisscom Ventures and David Helgason, founder of Unity Technologies.

click here to read more...

 Back