What is Makeblock?
Makeblock specializes in providing advanced coding robot kits, laser cutters, and educational resources designed to enhance STEAM education for K-12 and higher-level students. Their comprehensive product portfolio includes diverse robot kits suitable for various age groups and xTool laser cutters, facilitating hands-on learning experiences. The company is dedicated to equipping educators and students with innovative tools and resources to cultivate creativity and problem-solving abilities, serving over 200,000 schools globally 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 companies at various stages, from seed to growth. Their expertise lies in identifying and nurturing disruptive innovations across multiple sectors.
Evolution Media China
Evolution Media China is an investment entity focused on the media and technology sectors, likely providing strategic capital and industry insights to support growth-stage companies.
What's next for Makeblock?
The recent major strategic investment signals a new phase of accelerated growth for Makeblock, likely focusing on expanding its product development pipeline and deepening its global market penetration. With a strong foundation in educational technology and a commitment to fostering innovation, Makeblock is well-positioned to capitalize on the increasing demand for effective STEAM learning solutions. Future initiatives may involve further integration of AI and advanced robotics into their educational offerings, as well as strategic partnerships to enhance their reach and impact in educational institutions worldwide.
See full Makeblock company page
