Coding and STEAM learning company SAM Labs has raised US$8.9 million this year in a Series A2 equity funding round to expand its global reach.
Originally launched with approximately $160,000 raised on Kickstarter, SAM Labs has secured a total of $19.8m in investments including this latest round of $8.9m.
“This latest investment will enable us to innovate further”
With technology education products in more than 4,000 schools already, the new funding will be used to scale operations and sales in the US, to supplement the company’s international presence, and to bring new education products to markets in the US and UK.
SAM Labs enables non-technical elementary and middle school teachers to deliver effective STEAM, coding, and problem-solving experiences to their classrooms through ready-to-use teaching kits.
Students learn while designing, writing, building and debugging programs, applying sequencing, selection, and iteration.
“This latest investment will allow us to bring our STEAM and coding experiences to even more schools and teachers and students in the US, which is our largest market, as well as across the globe,” said SAM Labs CEO and founder Joachim Horn.
“We measure ourselves on the following three metrics: increasing student engagement, increasing teacher confidence, and decreasing teacher workload – and this latest investment will enable us to innovate further to meet those important goals.”
This new fundraising round includes social impact and education specialist investors including Partners in Equity and Inventures Investment Partners.
