Landzo Raises $29.23M in Series A Funding

Landzo

Landzo Technology Co., Ltd., a Shenzhen, China-based provider of educational robots and STEAM education toys, raised $29.23M in Series A funding.

The round was led by GeniLink Capital, CTV Golden Bridge and Nanjing Municipal Government Fund.

The company intends to use the funds to continue advancing STEAM education in China and expand operations.

Founded in 2011, Landzo focuses on the development of AI teaching tools and toys in STEAM education. Landzo has always been committed to advancing the development of STEAM education in China by providing STEAM educational models and solutions, including intelligence and innovation labs for universities and colleges, and a full range of quality-oriented education solutions for primary and secondary schools. In 2019, the company came up with the concept of combining playing and learning as a model for the future of education, and began to develop toys and teaching tools for quality-oriented education, integrating its proprietary products with online interactive courses.

During the same year, the company obtained $15.46m in financing, formally entering the family consumption market. In early 2020, Landzo started developing and manufacturing AI educational robots for children. The company created Quincy, an AI-enabled consumer robot featuring mechanical arms and movement interactions. Its plan is to provide children with AI educational robots that make learning more fun, delivering a complete education solution to parents. Landzo also rolled out Landzo Planet voiced stories and comics in July of this year, in addition to proprietary card-based educational games, stimulating children’s motivation to learn with educational toys.

The company, which has received $46.38m in financing to date, remains committed to innovation and practices in STEAM education. Currently Landzo boasts 5 brands: Landzo Electronic, Landzo AI and Robotics, Landzo Planet, Landzo STEAM Institute, and Landzo Education.

FinSMEs

27/09/2021