Labster, a provider of virtual laboratory simulations, announced it has raised $60 million in Series C funding round led by new investor Andreessen Horowitz.
Existing investors GGV Capital, Owl Ventures, Balderton Capital, David Helgason, founder of Unity Technologies, Northzone, Swisscom Ventures, and EduCapital also participated. The round brings Labster's total capital raised to $100 million.
Labster is an e-learning company that offers virtual laboratory simulations based on mathematical algorithms. The latest round of capital will enable it to focus on growing the size of its global team to serve students around the world. It will establish operations in South America this spring in the next stage of its plan.
Labster has already worked in collaboration with over 2,000 colleges, universities and high schools around the world, including MIT, Yale, ETH Zürich, the University of Cambridge, and Imperial College.