Playnovate closes Series A+ with RMB tens of millions

2020-09-08
|
Lynn Lin

Playnovate closes Series A+ with RMB tens of millions

On September 2, Playnovate, a STEAM education platform, announced the completion of its Series A+ round of financing, from which it had raised tens of millions of yuan. The investors include Heritage Wisdom Limited and Happiness Capital in Hong Kong.


The funds will be mainly used for the R&D of AI products, domestic market promotion and overseas market expansion. In the early 2019, Playnovate has already received tens of millions of yuan in its Series A round from the above two institutions.


Playnovate is a typical STEAM education platform in China, which combines the modes of the original Silicon Valley’s STEAM education and the USA’s NGSS with the science and mathematics curriculum standards of China’s compulsory education.


The platform is dedicated to provide vivid, interesting, practical and subject-integrated science education for children aged from 5 to 12.


Since its establishment in September 2015, Playnovate has attracted more than 150,000 users in 422 cities across the country as of June 2020. The platform has been designated as the STEAM course partners by more than 100 top domestic primary schools.


Playnovate develops and builds a curriculum system based on the latest achievements in neuroscience. The curriculum strategies correspond to the way the brain works.


Its STEAM courses are designed based on the innovative two-way teaching and active learning methodologies, which can cultivate students’ imagination, creativity, planning ability as well as expression and communication skills.


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