Friday, 17 March 2017

ROBOTICS STARTUP MAKEBLOCK RAISES OVER $30M IN SERIES B FUNDING

SHENZHEN, China, March 17 (Bernama-GLOBE NEWSWIRE) -- Makeblock Co., Ltd, the STEM education and robotics startup, today announced it has closed a $30 million Series B round at a $200 million valuation led by Evolution Media China and Shenzhen Capital Group Co., Ltd. The funding supports Makeblock’s expansion into new markets, further product development and diversification of STEM education hardware, software and curriculum resources for educators, children and hobbyists.

Founded in 2011 (founded as a company in 2013), Makeblock is a leading DIY robotics construction and programming learning platform for makers, hobbyists, STEM learners, and educators. Makeblock provides over 500 mechanical parts and easy-to-use electronic modules, graphical programming software, and courses to easily turn ideas into reality. Having delighted over 1,000,000 makers, students and educators in over 140 countries and still growing, Makeblock is one of the top robotics companies making a difference, with the aim to open the field to people of all skill levels.
http://mrem.bernama.com/viewsm.php?idm=28707

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