Roblox Raises $520M led by Altimeter Capital and Dragoneer Investment Group

Jan 06, 2021•almost 5 years ago

Amount Raised

$520 Million

San Francisco

Description

Roblox, a global online platform bringing people together through play, announced today it has raised $520 million in new Series H funding at a purchase price of $45.00 per share led by Altimeter Capital and Dragoneer Investment Group. The Investment Group of Santa Barbara and Warner Music Group, along with several current investors, also participated in this round. The Series H funding values the company at $29.5 billion and the proceeds from the financing will advance Roblox’s growth initiatives and mission to build a human co-experience platform that enables shared experiences among billions of users.

Company Information

Company

Roblox Corporation

Location

San Francisco, California, United States

About

Roblox is an immersive gaming and creation platform that offers people millions of ways to be together, inviting its community to explore, create, and share endless unique experiences. Our vision is to reimagine the way people come together—in a world that’s safe, civil, and optimistic. To achieve this vision, we are building an innovative company that, together with the Roblox community, has the ability to strengthen our social fabric and support economic growth for people around the world.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Roblox Raises $520M led by Altimeter Capital and Dragoneer Investment Group

Description

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