Award-winning technology and education company SAM Labs recently announced that it has raised $8.9 million in a Series A2 equity funding round to expand the global reach of its educational content, software, and hardware.
With its hands-on coding and technology education resources in more than 4,000 schools already, the new funding will enable SAM Labs to launch new products and reach new markets. It is reportedly said that the new funding will be used to scale operations and sales in the U.S., to supplement the company’s significant international presence, and to bring new education technology products to markets in the U.S. and U.K.
Speaking on the latest development of the company, SAM Labs CEO and founder Joachim Horn says,
“This latest investment will allow us to bring our STEAM and Coding experiences to even more schools and teachers and students in the U.S., which is our largest market, as well as across the globe.”
“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.”
SAM Labs offers innovative courses to teach STEAM and coding with confidence.
Image Source: SAM Labs
The company enables non-technical elementary and middle school teachers to deliver engaging and effective STEAM, coding, and problem-solving experiences to children in the classrooms through fully contained, standards-compliant, ready-to-use teaching kits. With SAM Labs' resources, students are able to learn while designing, writing, building and debugging programs, applying sequencing, selection, and iteration. The mix of wireless electronics for easy classroom management, game-based apps for progression through coding, and teacher training makes SAM Labs' resources a powerful learning experience that is unique in the technology education space.
Meanwhile, the new fundraising round includes social impact and education specialist investors including Partners in Equity through investor Hans Wackwitz and Inventures Investment Partners through Olivier de Duve. Originally launched with approximately $160,000 raised on the social investing site Kickstarter, SAM Labs has till now secured a total of $19.8 million in investments including this latest round of $8.9 million.