Shenzhen-based education solution provider Makeblock today announced that it has raised RMB300 million (US$44 million) series C round led by CICC Alpha, a subsidiary of CICC direct investment platform. Yuexiu Industrial Investment Fund, GX Capital and Everest Venture Capital were among the participants in the round. The latest round valued the company at RMB2.5 billion (US$366 million). Founded in 2013, Makeblock provides hardware, software, content solutions and robotics competitions, targeting the STEAM education and entertainment markets for schools, educational institutions and families. The …

CICC Subsidiary Leads $44M Series C Round In Chinese Education Solution Provider Makeblock appeared first on China Money Network.


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