Labster, the world’s leading edtech platform for virtual labs and interactive science, has been included in the 2023 GSV EdTech 150 — a list of the world’s most transformative private companies in education.
Labster was chosen out of more than 4,000 private companies that are changing the world of education technology. GSV estimates that these top 150 companies collectively reach approximately 3 billion people – nearly half of the global population – and generate approximately $25 billion in revenue.
“Labster is honored to be part of the GSV EdTech 150 list once again,” said Michael Bodekaer Jensen, CEO of Labster. “This list covers companies striving to create a better future for next-generation students. Our mission at Labster is to boost learning impact, motivation, and love for science for any student with an internet connection.”
“We are excited to release the annual GSV EdTech 150, a selection of the leading private companies in digital learning and workforce skilling,” said Alexandra Argo, investor at GSV Ventures. “As we enter into what we call a ‘Brave New World,’ it is clear that you can’t use an old map to navigate a new world. This impressive group of companies continues to grow and evolve to meet the needs of learners and businesses at scale. After evaluating over 4,000 companies globally, we are proud to present the list of the 150 most impactful companies in digital learning that are leading the charge in providing ALL people equal access to the future.”
After a rigorous assessment of over 4,000 venture capital- and private equity-backed companies, the chosen companies met the following criteria:
The final selection is determined by GSV’s proprietary scoring system, which applies scores across several KPIs such as revenue scale, revenue growth, active learner reach, international reach, and margin profile.
The GSV EdTech 150 is distributed across Pre-K to Gray, covering early childhood, K-12, higher education, adult consumer learning, and workforce learning. Of these companies, 33% focus specifically on lifelong learning (which includes adult consumer learning and workforce learning), 32% focus on early childhood and K-12 education, and 5% focus solely on higher education. More and more companies are extending their reach across the lifetime learning cycle, with 30% of the 150 expanding across multiple categories from Pre-K to Gray.
North America — primarily the United States — is the most represented region, accounting for 60% of the GSV 150. India is also a significant contributor to the list, with 14% of the companies coming from that market, which has continued to experience rapid growth. Europe and Latin America each account for 11% and 7% of the GSV 150, respectively. The remaining 8% of companies are dispersed throughout MENA, Africa, Asia, Australia, and New Zealand.
See the full GSV 150 list www.asugsvsummit.com/edtech-150.
Labster is dedicated to developing fully interactive virtual training simulations that are designed to enhance traditional learning outcomes by stimulating students’ natural curiosity and reinforcing the connection between science and the real world. The simulations can be used in a variety of different ways, from a full lab replacement to a supplemental learning activity. Over 5 million students in high schools and universities in 70 countries have used Labster to perform realistic experiments, learn key science concepts, and practice their skills in a risk-free learning environment. Labster’s team members are passionate about improving science learning, resulting in collaborations with over 3,000 leading educational institutions. Visit www.labster.com.
About ASU+GSV Summit
The ASU+GSV Summit is the premier global event focused on technology innovation in education and skills. We believe that ALL people deserve equal access to the future. Started in 2010 with a collaboration between Arizona State University (ASU) and Global Silicon Valley (GSV), the annual Summit connects leading minds focused on transforming society and business around learning and work. Educators, investors, industry leaders, and entrepreneurs from around the world come together to innovate the future of education for all.
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