# Wonder Workshop

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wonder-workshop

- Industry: Consumer Services
- Headquarters: San Mateo, US
- Website: www.makewonder.com
- Total disclosed funding: $77M
- Latest round: Series C (Oct 30, 2017)
- Investors on record: 15

## About

Wonder Workshop, Inc. develops innovative educational robotics and coding solutions, primarily targeting K-8 students to enhance learning in STEM fields through interactive play and programming activities.Founded in 2012, Wonder Workshop, Inc. is headquartered in San Mateo, California, US. The company specializes in robotics and coding education for children, pioneering the development of the Dash robot which supports a variety of coding platforms. The firm has successfully closed 7 funding deals, with its most recent funding round on March 25, 2020, raising USD 2.5 mn, which matches its total amount raised of USD 2.5 mn, leading to a current valuation of USD 5.10 mn. Kent Bates serves as the CEO.Wonder Workshop, Inc. specializes in educational robotics and coding solutions, primarily through its flagship product, the Dash robot. Designed for children aged K-8, Dash is a versatile robot that supports various coding platforms, including beginner-friendly drag-and-drop coding environments and more advanced JavaScript programming. The product is aimed at enhancing STEM education, promoting creativity, problem-solving, and coding literacy among young learners. Dash is delivered fully assembled and charged, allowing immediate engagement in educational activities. The company also offers a suite of accessories and applications, including the Make Wonder platform, which provides pre-built lesson plans and activities for teachers, ensuring a comprehensive approach to teaching coding. Their products are primarily marketed to educational institutions, including over 40,000 schools across 65 countries, as well as parents seeking to supplement their children's education at home.Wonder Workshop generates revenue through a combination of direct sales and subscription-based services. The company sells its Dash robots, accessories, and educational software directly to schools and consumers, effectively establishing a B2B and B2C transaction model. Educational institutions may purchase the robots as part of a bundled package that includes training and resources for educators, while parents can buy individual robots or subscriptions to the Make Wonder platform, which provides ongoing access to lesson plans and updates. The pricing structure reflects the comprehensive nature of their offerings, catering to various educational needs and budgets. This model positions Wonder Workshop to effectively serve a diverse client base, from individual families to large educational districts, by providing engaging products that facilitate hands-on learning experiences in coding and robotics.Looking ahead, Wonder Workshop, Inc. aims to enhance its product lineup with new robotics and coding solutions designed for diverse learning environments. The firm is actively exploring expansion into international markets, particularly targeting Europe and Asia by 2023. The recent funding of USD 2.5 mn will be utilized to accelerate product development and market penetration strategies, enabling the company to leverage its current offerings and reach a broader audience.

## Funding rounds

- Series C, Oct 30, 2017, $41M — CRV, Madrona Venture Group, WI Harper Group, Sinovation Ventures, Tencent Investment, SBVA, TAL Education Group, MindWorks Capital, TCL Capital, Bright Success Capital, Vtron Group Co.,Ltd.
- Series B, Jul 14, 2016, $20M — CRV, Madrona Venture Group, WI Harper Group, Sinovation Ventures, Learn Capital, TCL Capital
- Series A, Jan 30, 2015, $6.9M — CRV, Madrona Venture Group, Maven Venture Partners, WI Harper Group, Bright Ventures
- Series A, Feb 17, 2014, $8M — CRV, Madrona Venture Group
- Seed, May 14, 2013, $1M — Madrona Venture Group, GV

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Seed, Series A, Series B, Series C
- GV (https://capitalatlas.ai/funds/gv) — Seed
- CRV (https://capitalatlas.ai/funds/crv) — Series A, Series B, Series C
- Maven Venture Partners (https://capitalatlas.ai/funds/maven-venture-partners) — Series A
- WI Harper Group (https://capitalatlas.ai/funds/wi-harper-group) — Series A, Series B, Series C
- Bright Ventures (https://capitalatlas.ai/funds/bright-ventures) — Series A
- Sinovation Ventures (https://capitalatlas.ai/funds/sinovation-ventures) — Series B, Series C
- Learn Capital (https://capitalatlas.ai/funds/learn-capital) — Series B
- TCL Capital (https://capitalatlas.ai/funds/tcl-capital) — Series B, Series C
- Tencent Investment — Series C
- SBVA (https://capitalatlas.ai/funds/sbva) — Series C
- TAL Education Group — Series C
- MindWorks Capital (https://capitalatlas.ai/funds/mindworks-capital) — Series C
- Bright Success Capital — Series C
- Vtron Group Co.,Ltd. — Series C