Praxilabs
Praxilabs is a technology company.
Financial History
Praxilabs has raised $150K across 1 funding round.
Frequently Asked Questions
How much funding has Praxilabs raised?
Praxilabs has raised $150K in total across 1 funding round.
Praxilabs is a technology company.
Praxilabs has raised $150K across 1 funding round.
Praxilabs has raised $150K in total across 1 funding round.
PraxiLabs is an Egyptian edtech company founded in 2016 that builds virtual 3D science laboratories to enhance STEM education globally.[1][3] Its platform offers over 150 interactive simulations in chemistry, physics, and biology, allowing students and institutions to conduct risk-free experiments without physical equipment, operating on a subscription model with a free trial and LMS integration.[1][2][4] Serving over 500,000 users across 160+ countries and partnering with universities, PraxiLabs addresses high lab costs and accessibility barriers, generating $2.3M in revenue while earning 11 global awards for innovation.[1][2]
The product targets students, colleges, universities, and professional schools from diverse socioeconomic backgrounds, solving the STEM skills gap—such as 2.4 million unfulfilled U.S. jobs in 2018—by providing gamified, bilingual, anytime-accessible labs with real-time feedback, automated reports, and 24/7 support.[1][2][3]
PraxiLabs was founded in 2016 in Giza, Egypt, by Khadija El-Bedweihy (also spelled Kelbedweihy) and her sisters, a team blending programming expertise with education specialists passionate about experimentation in science learning.[1][2][3] The idea emerged to democratize STEM education by replacing costly physical labs with virtual simulations, inspired by the need to lower barriers like lab consumables (up to 60% of university costs) and enable equal access for all students.[2][6]
Early traction included engaging 20,000+ students and 10 institutions via freemium and subscription models, culminating in recognition as a Pitch For Purpose finalist and top 5 global edtech solution.[1][2][3] This propelled international expansion, now serving 160+ countries with custom experiments and institutional partnerships.[1][6]
PraxiLabs stands out in virtual lab tech through these key strengths:
PraxiLabs rides the edtech and VR/AR wave in STEM, capitalizing on post-pandemic demand for remote, scalable learning amid a global STEM talent shortage.[2][3] Timing aligns with rising VR adoption in education—affordable simulations cut lab expenses and enable hybrid models, especially in emerging markets like Egypt and beyond.[1][2][6]
Market forces favoring it include edtech funding surges, LMS ubiquity, and equity pushes for underserved students, positioning PraxiLabs to influence ecosystems by standardizing virtual labs and boosting graduation rates in high-demand fields.[2][3] As a MENA leader expanding internationally, it shapes inclusive STEM pipelines, partnering with institutions to embed simulations in curricula.[1][6]
PraxiLabs is poised for accelerated growth through AI-enhanced personalization, expanded VR integrations, and deeper emerging-market penetration, building on $2.3M revenue and vast user base.[1] Trends like generative AI for custom labs and metaverse education will amplify its edge, potentially doubling partnerships amid sustained STEM demand.[2][3]
Its influence may evolve from niche innovator to global standard-setter, further eroding physical lab dependencies and empowering millions—echoing its founding mission to make science universally accessible.[1][2]
Praxilabs has raised $150K in total across 1 funding round.
Praxilabs's investors include Katapult VC.
Praxilabs has raised $150K across 1 funding round. Most recently, it raised $150K Seed in September 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2018 | $150K Seed | Katapult VC |