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Roblox Raises $150M in Series G Financing, Led by Andreessen Horowitz

PUBLIC · RBLXFeb 26, 2020

Amount Raised

$150 Million

Round Type

Series G

San MateoOther

Description

Roblox, a global online platform bringing people together through play, announced today it has raised $150 million in new funding led by Andreessen Horowitz’s Late Stage Venture fund and will open a tender offer for up to $350 million of common and preferred shares. The financing comes as Roblox continues to experience significant growth, having recently reached 115 million monthly active users and more than 1.5 billion hours of monthly engagement. The Series G funding will further fuel the company’s long-term mission to define a new category of human co-experience.

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Company Information

Company

Roblox Corp

Location

3150 South Delaware Street

San Mateo, California, United States

About

Roblox Corporation is a video game developer and technology company based in San Mateo, California. Founded in 2004 by David Baszucki and Erik Cassel, the company operates the Roblox platform, which is an immersive online game platform and game creation system focused on user-generated content. Users can program, create, and play games made by themselves or others. The platform is free to play and accessible on mobile, desktop, and console devices. Roblox features a three-part ecosystem that includes the Roblox Client for playing games, Roblox Studio for creating and managing 3D interactive content, and Roblox Cloud for backend infrastructure. The company also has an educational initiative that integrates Roblox into learning environments. With approximately 85.3 million daily active users, Roblox serves a diverse global audience, including a significant portion of American children under 16. The platform is recognized for its role in popularizing the concept of the metaverse, allowing users to socialize and interact in persistent virtual worlds.

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Roblox Corp raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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