Roblox, a San Mateo, Calif.-based online entertainment platform for kids and teens, closed on $150m in Series F financing.
The round was led by Greylock Partners and Tiger Global Management with participation from existing investors Altos Ventures, Index Ventures, and Meritech Capital Partners.
The company intends to use the funds to accelerate international expansion by continuing to build out its global network and increasing support for international languages and currencies.
Led by David Baszucki, CEO and co-founder, Roblox provides an imagination platform enabling kids of all ages to imagine, create, and play together in immersive 3D worlds. It is freely available on all modern smartphones, tablets, computers, Xbox One, Oculus Rift, and HTC Vive.
The company currently has more than 70 million monthly active users on its platform. In addition, there are over 4 million young creators on the platform who have built over 40 million immersive experiences.
Roblox also recently introduced Roblox Education, an initiative comprised of free, open-source curriculum for educators, summer coding camps, and an online coding challenge aimed at teaching coding fundamentals.
FinSMEs
06/09/2018