Landzo, a Chinese adtech company that supplies educational robots and steam education toys, recently announced that it had raised $ 29.23 million in Series A funding in June.
Accordingly a Press statement From the company, investors participating in the fair include Genilink Capital, CTV Golden Bridge, Nanjing Municipal Government Fund as well as some funds that regularly invest in public trading companies that specialize in culture and education.
Founded in 2011, Landzo AT focuses on the development of teaching tools and toys in Steam education. The company is committed to innovation and methods in steam learning. Currently, it has 5 brands: Landzo Electronic, Landzo AI and Robotics, Landzo Planet, Landzo Steam Institute and Landzo Education.
Speaking about the company, Landzo’s e-commerce director Yuan Yan said,
“Landzo is committed to building a new learning portfolio that combines products, landscapes and rich content. In 2020, Landzo’s revenue exceeded $ 154.61 million, with its home AI robot and toy business growing 700% from $ 4.64 million to more than $ 30.92 million. .
Landzhou is always committed to advancing the development of steam education in China, with intelligence and innovative laboratories for universities and colleges, providing complete, efficient and state-of-the-art steam educational models and solutions, and a full range of quality-based learning solutions for primary and secondary schools.
In 2019, Landzo introduced the concept of combining play and learning as a model for the future of education and began developing toys and teaching tools for quality learning, integrating its proprietary products with online interactive courses. In early 2020, Landzo began developing and building AI educational robots for children. The company has created Quincy, an AI-capable consumer robot that communicates mechanical weapons and movements. The company plans to make AI educational robots available to children that make learning more interesting, providing parents with a complete learning solution. When it comes to the development of other teaching tools and toys, Landzo successfully brought Landzo Planet stories and comics in July this year, in addition to proprietary card-based educational games, encouraging children to learn with educational toys.
Landzo has received $ 46.38 million in funding to date. Prior to this round, the company had earned .4 15.46 million in 2019, formally entering the family consumption market.
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