The round was co-led by Evolution Media China, a unit of corporate-backed Evolution Media Partners that focuses on investments across Asia.

China-based robotic toy manufacturer Makeblock has closed a $30m series B round co-led by Evolution Media China, an investment arm of corporate-backed joint venture Evolution Media Partners.

Venture capital firm Shenzhen Capital Group co-led the round, which valued Makeblock at $200m. Evolution Media China was launched in early 2016 to make investments in Asia-based startups operating in the media, entertainment, sports, technology, advertising, internet and lifestyle sectors.

Founded in 2011, Makeblock produces more than 500 mechanical parts and electronic modules…