Roblox, a San Mateo, CA-based online platform bringing people together through play, raised $150m in Series G funding.
The round was led by Andreessen Horowitz’s Late Stage Venture fund, with participation from Temasek and Tencent Holdings Limited as new investors and existing investors Altos Ventures, Meritech Capital, and Tiger Global Management. It will open a tender offer for up to $350 million of common and preferred shares.
The company intends to use the funds to accelerate its long-term mission to define a new category of human co-experience. Roblox has recently reached 115m monthly active users and more than 1.5 billion hours of monthly engagement.
Led by David Baszucki, CEO and co-founder, and Michael Guthrie, Chief Financial Officer, Roblox gives more than 115 million people around the world every month the opportunity to 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.