Inventures invests in SAM Labs which raised $8.9 Million for International Expansion in Education. With technology education products in more than 4,000 schools already, new funding will enable SAM Labs to launch new products, reach new markets
– July 15, 2019 –
SAM Labs, the award-winning technology and education company with its hands-on, coding and technology teaching resources in more than 4,000 schools, has raised $8.9 million in 2019 in a Series A2 equity funding round to expand the global reach of its educational content, software, and hardware.
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 products to markets in the U.S. and U.K.
“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 enables non-technical elementary and middle school teachers to deliver engaging and effective STEAM, coding, and problem-solving experiences to their classrooms through fully contained, standards-compliant, ready-to-use teaching kits. Students 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 a powerful learning experience that is unique in the technology education space.