Roblox valued at $4 billion after raising 150 million

Game platform Roblox has raised $150 million in Series G funding.

The round was lead by Andreessen Horowitz’s Late Stage Venture fund. A total of six investors participated including Temasek, Tencent Holdings Limited, Altos Ventures, Meritech Capital, and Tiger Global Management.

According to TechCrunch, Roblox will use the funding to:

• expand its presence globally, most notably in China, where Roblox has partnered with Tencent;
• invest in its infrastructure;
• further support developers.

Roblox’s MAU is now 115 million (up 25 million since April 2019), with players spending over 1.5 billion hours in games each month.

The company is currently valued at $4 billion. For comparison, Roblox was worth $2.5bn in September 2018 following the previous round of funding – also for $150m.