What is Makeblock?
Makeblock specializes in providing advanced coding robot kits, laser cutters, and educational resources aimed at enhancing STEAM education for K-12 and higher-level students. Their product range includes various robot kits tailored for different age groups, as well as xTool laser cutters designed for hands-on learning experiences. The company focuses on empowering educators and students with innovative tools and resources to foster creativity and problem-solving skills. With a commitment to quality education, Makeblock serves over 200,000 schools across more than 210 countries.
How much funding has Makeblock raised?
Makeblock has raised a total of $80M across 3 funding rounds:
Series A
$6M
Series B
$30M
Series C
$44M
Series A (2015): $6M with participation from Sequoia Capital
Series B (2016): $30M led by Evolution Media China
Series C (2018): $44M, investors not publicly disclosed
Key Investors in Makeblock
Sequoia Capital
Sequoia Capital is a prominent venture capital firm known for investing in technology and growth-stage companies across various sectors.
Evolution Media China
Evolution Media China is an investment entity focused on the media and sports industries, likely providing strategic capital and advisory services to growth-stage companies.
What's next for Makeblock?
The recent major strategic investment in Makeblock signals a strong confidence from its backers in the company's trajectory and its pivotal role in advancing STEAM education globally. This infusion of capital is expected to fuel further product development, expand its international reach, and enhance its educational platform offerings. As Makeblock continues to scale, its focus on empowering students with critical 21st-century skills through innovative technology will likely solidify its position as a leader in the edtech landscape.
See full Makeblock company page
