New Investments
Algerian Edtech LabLabee Raises $3.4 Million in Seed Funding Led By Reach Capital
The funding round was led by Reach Capital, with participation from Classera, Brighteye Ventures, e& capital, and several business angels.
LabLabee plans to use the funds to expand its operations in the Europe, Middle East, and Africa (EMEA) region and enter the US market.
The company will also introduce new hands-on training labs and expand its course catalog to include topics like industry 4.0, telco security, telco AI, and edge computing. Additionally, LabLabee will hire more staff to support its growing user base.
Founded in 2021, LabLabee offers hands-on learning experiences in future network technologies.
The company works with telecom operators, vendors, industrial companies, and more to integrate practical exercises into their training programs.
Esteban Sosnik, General Partner and Co-Founder at Reach Capital, praised LabLabee for its deep technical experience and industry knowledge.
He noted that the company is addressing a critical need in the telecom sector by helping workers upskill and reskill.
LabLabee’s co-founder, Samir Tahraoui, highlighted the challenges faced by telcos and industrial engineers in learning new technologies.
He emphasized that LabLabee’s platform makes learning easier, faster, and field-ready.
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