Codemao secures 250 million yuan in C + round financing

Online children’s programming platform Codemao (Shenzhen Dianmao Technology Limited) received C+ round of financing of 250 million yuan.

Online children’s programming platform Codemao (Shenzhen Dianmao Technology Limited) received C+ round of financing of 250 million yuan.

The total amount of the C round financing into Codemao has reached 650 million yuan, and the cumulative financing amount of the company’s history has reached 1.25 billion.

The current round of investment into Codemao is led by CMB International, Bohai Sheng, an equity investment fund of the Bank of China Group, and the existing shareholders Yueke Xintai (under Guangdong Technology Financial Group), Sharewin Investment and so on.

As a leading educational technology enterprise, Codemao has a perfect product system of independent research and development, and has developed graphical programming tool Kitten, Python programming tool Turtle Editor, and Nemo, the first mobile graphics programming tool in China.

After this financing, Codemao will continue to increase investment to provide “good tools, good courses and good teachers” for more than 30 million users on the platform.

Up to now, Codemao has 31.47 million users, and the company continues to open the C-end and B-end customer markets with tools.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/19/codemao-secures-250-million-yuan-in-c-round-financing/.

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