May 27, 2020

Roblox – $150 Million

Roblox

San Mateo, CA ; 2/26/20

Amount Funded: $150 Million

Type: Series G

Lead Investor: Andreessen Horowitz

Participating Investor(s): Altos Ventures, Meritech Capital, Tiger Global, Temasek, Tencent Holdings Ltd. (last two are new investors)

Company Description: Roblox’s mission is to bring the world together through play. Every month, more than 115 million people around the world have fun with friends as they explore millions of immersive digital experiences. All of these experiences are built by the Roblox community, made up of over two million creators. We believe in building a safe, civil, and diverse community—one that inspires and fosters creativity and positive relationships between people around the world.

What funding will be used for:

“The Series G funding will further fuel the company’s long-term mission to define a new category of human co-experience.”

Quotes:

“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.” 

-David Baszucki, CEO and Co-founder, Roblox

“We are big believers in Roblox’s long-term vision, and are confident in backing the team as they enter this next inflection point. Roblox is one of those rare platform companies with massive traction and an organic, high-growth business model that will advance the company, and push the industry forward for many years to come.”

-David George, General Partner, Andreessen Horowitz

Notes:

  1. Roblox reports it has recently reached 115 million monthly users with 1.5 billion hours of monthly engagement, as of 2/26/20.

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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