STEAM and coding learning startup SAM Labs announced this week that it has raised $8.9 million in 2019 in a Series A2 equity funding round.
The company plans to use this funding to scale operations and sales in the U.S., to accelerate its growing international presence and to roll out new education products to markets in the U.S. and U.K. SAM Labs is currently used in over 4,000 schools.
“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 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,” 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.”
SAM Labs develops STEAM and coding curriculum for non-technical elementary and middle school teachers in the form of standards-compliant, ready-to-use teaching kits. The company offers flow-based programming and block-based coding resources as well as teacher training to deliver results in the classroom. Currently, SAM Labs has curriculum for students in grades K-8.
Social impact investors such Partners in Equity and Inventures Investment Partners are among the investors in this round. SAM Labs first came to life as a Kickstarter project, raising $160,000. With this latest round of funding, SAM Labs has secured a total of $19.8 million in investments.
