Edtech SAM Labs raises £5.1m of Series A to help teachers tackle STEAM subjects
The fresh funds will be used to develop a number of new educational products that aim to inspire every student to "discover the fun in coding and creating"
SAM Labs, a London-based edtech that helps teachers tackle STEAM subjects, has raised £5.1m of Series A funding in a round led by Touchstone Innovations and E15 Ventures.
With the aim of inspiring every student to “discover the fun in coding and creating”, the start-up's STEAM Kit provides a solution for teachers who are looking to bring computer science to the classroom, but who may not have received the training or resources needed to properly teach coding.
Founded by Joachim Horn, the edtech business will use this latest injection of cash to further develop a number of new products, all while continuing to grow its partnerships with government organisations like the City of Helsinki and the UAE Ministry of Education, as well as companies like Microsoft Education and Intel Education.
Offering projects across a variety of subjects – from biology, to probability and music – SAM Lab's tech is available via a range of teaching methods including lesson plans, apps and electronics.
Operating within a global edtech market set to be worth $252bn by 2020, the start-up previously raised £3.2m back in May 2016, and £125,000 via crowdfunding platform Kickstarter in October 2014.
Joachim Horn, founder and CEO of SAM Labs, said:
“As a technology company delivering solutions for teaching STEAM and computing, we’re thrilled to deepen our research and development efforts to bring new products to the classroom.
“This round of funding will increase our time spent working closely with teachers, administrators, and standards like NGSS to develop the most engaging teaching materials, hardware, and software to excite students about the possibilities of STEAM.”
Philip Liang, managing partner of E15 Ventures, said:
“SAM Labs keenly understands the importance of democratizing coding – making coding education accessible for all students across all skill levels and interests.
“E15 Ventures is proud to invest in tomorrow’s coding experts. We’re pleased to be a partner to SAM Labs as it drives mainstream interest in coding and computer science.”