What is Codemao?
Codemao, also known as 点猫科技, specializes in providing comprehensive programming education solutions tailored for young learners. The company's curriculum is designed for a gradual progression, starting from basic graphical programming and extending to advanced algorithms and artificial intelligence applications. Codemao offers a diverse range of courses, including Python, and integrates AI creative tools to enhance the learning experience and foster innovation. Beyond direct student offerings, the company collaborates with schools and educational authorities to enrich science education and promote AI literacy, aiming to bridge educational disparities across both urban and rural areas and equip future generations with essential digital skills.
How much funding has Codemao raised?
Codemao has raised a total of $298.7M across 4 funding rounds:
Series A
$20.9M
Series B
$18M
Series C
$61.8M
Series D
$198M
Series A (2017): $20.9M, investors not publicly disclosed
Series B (2017): $18M led by Hillhouse Capital
Series C (2019): $61.8M supported by Hillhouse Capital, CrystalStream, Cheetah Mobile, RCIF, and SAIF Partners
Series D (2020): $198M featuring China CITIC Group Co., Ltd, Sino-Ocean Capital, Hillhouse Capital (高瓴资本), Gold Stone Mutual Investments LLC, Barings LLC, and BOC International Inc
Key Investors in Codemao
Hillhouse Capital
Hillhouse Capital is an Asia-focused global private investment firm founded in 2005, with operations in Hong Kong, Beijing, and Singapore, specializing in growth capital for technology and consumer sectors.
Cheetah Mobile
Cheetah Mobile is a Chinese mobile internet company established in 2010, known for developing mobile applications and providing internet security software.
SAIF Partners
SAIF Partners is a private equity firm focused on providing growth capital to companies in China and the broader Asian region, with investments across TMT, healthcare, and clean technologies.
What's next for Codemao?
The recent major strategic investment in Codemao signals a strong confidence from its backers in the company's trajectory and its potential to further innovate within the burgeoning EdTech and AI education landscape. This capital infusion is expected to fuel Codemao's strategic initiatives, potentially including curriculum development, technological advancements in its AI tools, and expansion into new markets or educational segments. The company's focus on foundational programming and AI literacy for young learners positions it well to capitalize on the increasing global demand for STEM education.
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