Roblox Corp. raised $150 million. The whole company was valued at $4 billion
Social MMO Roblox in the G series of financing raised $150 million. To date, the total volume of investments in Roblox has exceeded $335 million.
Yesterday Roblox Corp. closed the 8th round of financing. According to Crunchbase, 6 investors have invested in it. The leader of this round was the Andreessen Horowitz venture fund, which actively invests in gaming projects.
According to TechCrunch, the money raised by Roblox Corp. will spend on three goals:
- global promotion of Roblox (the team is preparing to launch the game in China together with Tencent);
- development of its infrastructure and technical staff;
- support for game developers on the Roblox platform. The MMO team wants to increase annual payments to creators of in-game content to $1 billion. However, payments will be increased gradually. In 2019, the developer community received $110 million in total.
Note that Roblox has been steadily growing metrics in recent years. Simultaneously with the news of the closing of the round, it became known about the growth of MAU to 115 million players. In total, users spend 1.5 billion hours in Roblox every month. Among its audience is half of American citizens from 9 to 12 years old.
Also note that the revenue of the game from mobile alone has reached $1 billion for all time. The company is now valued at $4 billion.
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