Sequoia-Backed Makeblock Is Said To Seek $60 Million Funding
- Sequoia-backed Makeblock said to seek $400 million valuation
- Makeblock said to seek at least $60 million in funding
This article is for subscribers only.
Makeblock Co., a DIY robotics maker backed by Sequoia Capital, is seeking to raise about $60 million in financing and has held early stage talks with SoftBank Group Corp., people familiar with the matter said.
Makeblock is targeting a doubling of its valuation to $400 million in the series C round, the people said, asking not to be identified talking about private plans. The talks and figures are preliminary, the people said.