Labster has announced the completion of a Series C investment round of more than DKK 350 million. The lead investor in the investment round was the Silicon Valley-based venture capital fund, Andreessen Horowitz.
A number of the existing investors participated in the round, including Balderton Capital, GGV Capital and Owl Ventures.
Labster is a leading Danish educational technology company providing virtual labs for educational purposes based on its own software platform.
At present, Labster has raised capital of approx. USD 10 million and is in the process of a massive international scaling.
As in previous rounds, Horten has assisted Labster with all legal aspects of the capital procurement. Horten’s team consisted of Asger Heine Jensen, Frans Rossen and Henrik Stig Lauritsen.
For more information on the investment round:
Techcrunch: Labster gets millions from a16z to bring virtual science lab software to the world
Computerworld: Investment of more than DKK 350 million to Danish IT start-up