On August 30th, STEAM education solutions provider Makeblock announced the completion of the C round of 300 million yuan financing, with a valuation of 2.5 billion yuan. The financing was led by Zhongjin Jiazi, Yuexiu Industry Fund, Guangxin Capital, and Everest Venture Capital.

After this round of financing, Makeblock will focus on sales, marketing, research and development, continue to develop products suitable for C-end homes and teaching institutions, and will further strengthen localization and enhance the product and service experience of local users. In October of this year, Makeblock will hold a new product launch conference and will announce the new Chinese brand name at the press conference.

Founded in 2013, Makeblock is designed for schools, training institutions, family STEAM educational scenes and entertainment scenes. It provides a full range of hardware and software products, outputs high-quality educational content, and supports global youth robotics events, promote a deep integration of technology and education with an integrated educational solution and innovative model.