Codemao secures RMB250m Series C+ round, closing Series C round RMB650m

Chinese online programming education platform Codemao has recently closed a RMB250 million series C+ round of financing, increasing the firm’s series C round to RMB650 million, and its cumulative financing amount reached RMB1.25 billion.
The investment was led by CMB International Capital, with participation from existing investors Guangdong Technology Financial Group and Sharewin Investment.

Chinese online programming education platform Codemao has recently closed a RMB250 million series C+ round of financing, increasing the firm’s series C round to RMB650 million, and its cumulative financing amount reached RMB1.25 billion.

The investment was led by CMB International Capital, with participation from existing investors Guangdong Technology Financial Group and Sharewin Investment.

Founded in 2015, Codemao provides programming education for children from 7 to 16 years old. It has a self-developed complete independent programming tools system, including graphical programming tool Kitten, Python Language programming tool Hai Gui and Nemothe first graphical programming tool for mobile platforms in China.

Codemao will use the proceeds to increase investment to provide “good tools, good courses, good teachers” for the users on its platform.

The company has 31.47 million register users and more than 800 teachers in its online programming education community. At present, Codemao’s creation platform introduces many well-known IPs loved by children, such as Shaun the Sheep, Kung Fu Panda, and Valt The Wonder Deer, to provide users with rich creative images and stimulate children to spontaneously create. There are 29.29 million creative works on its platform.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/24/codemao-secures-rmb250m-series-c-round-closing-series-c-round-rmb650m/.

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