Investment Rationale · Balderton Capital
Investment thesis
Virtual reality technology can transform education and broaden access to learning beyond entertainment applications.
If you have ever wondered whether there is anything more to virtual reality than entertainment, then Labster is a brilliant example of how this technology can help to open up the world of education and revolutionise the way that young people learn.
Why the firm invested
Balderton invested in Labster due to its strong team, large market opportunity, product approach, and traction with institutions like MIT.
What we loved about Labster was the brilliant team that Mads and Michael had put together. Here was a huge market opportunity in education that was being addressed with a specific product approach. The startup’s collaborations and traction with world class institutions like MIT were also very impressive.
Product
Labster developed a virtual reality laboratory simulator inspired by flight simulators to make science education more engaging.
Inspired by the flight simulators that pilots use to learn how to fly aircraft, they developed Labster, a virtual reality laboratory simulator.
Traction
Labster works with 150 educational institutions and provides over 60 virtual learning simulations across subjects like basic chemistry and forensics.
Labster is already working with 150 educational institutions and has more than 60 virtual learning simulations students can access: everything from basic chemistry to scenarios where students help to solve the puzzles in a crime scene using real science.
Team
Labster was founded by Mads Bonde and Michael Bodekaer, who assembled a team that impressed investors.
What we loved about Labster was the brilliant team that Mads and Michael had put together.
Investment context
Labster raised $10 million in Series A funding in a round led by Balderton to help scale the company.
We are delighted to announce that we have invested in Labster, leading a $10m funding round which will help this pioneering education tech company begin to scale.
What founders can learn
- What actually moved the decision: Balderton Capital wrote that Balderton invested in Labster due to its strong team, large market opportunity, product approach, and traction with institutions like MIT.
- The traction evidence that carried weight: Balderton Capital wrote that Labster works with 150 educational institutions and provides over 60 virtual learning simulations across subjects like basic chemistry and forensics.
- How the team was judged: Balderton Capital wrote that Labster was founded by Mads Bonde and Michael Bodekaer, who assembled a team that impressed investors.
Source and provenance
Investment Rationale published by Balderton Capital on balderton.com (first-party source). Read the original
