Online gaming platform Roblox has raised $150 million in funding in a series G round led by Andreessen Horowitz’s late stage venture fund.
In the funding round, Roblox is also offering employees and stakeholders an opportunity to participate in a secondary round. Roblox said it comes at a time of significant growth for Roblox as it hits new milestones including reaching over 115 million monthly active users and more than 1.5 billion hours of monthly engagement.
Roblox will use the funding to further grow its engineering team, and support creators around the world with the technology and infrastructure to build more immersive, collaborative experiences.
Additionally, Roblox said it is holding its seventh annual Bloxy awards on March 21 but this year the award show is going to be streamed in a brand new way — live within the platform. Roblox is available on a variety of platforms, including the PC, Mac, consoles, virtual reality platforms like Oculus and HTC, and mobile devices.
Andressen Horowitz is joined by new investors Temasek and Tencent — existing investors include Altos Ventures, Meritech Capital, and Tiger Global Management.
“We’ve stayed true to our vision of creating a safe and civil place where people come together to create, learn, and have fun, and it’s amazing to see what we’ve built together with our global creator community. Looking ahead, we’re doubling down on our commitment to building the most advanced tools and technology to take our creators and players into the metaverse of the future.”
Roblox Co-founder and CEO David Baszucki
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