​Chinese Robotics Company MakeBlock Nabs $30M in Series B Round

MAKEBLOCK, a China-based robotics and edtech startup, announced it has secured $30 million in a Series B funding round led by Evolution Media China and Shenzhen Capital Group Co., Ltd. Founded in 2011, the company says the money will go towards its efforts to expand into new markets and support Madeblock’s first student robotics competition, which is being planned for late 2017. The company says the funding will also be used to continue developing its education hardware products such as Airblock, a modular STEM drone, as well as software and curriculum to accompany robot kits.

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