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Roblox closes US$150-million funding round

The latest Series F financing was led by Greylock Partners and Tiger Global Management and is intended to accelerate international growth.
September 6, 2018

User-generated gaming platform Roblox has locked in another US$150 million in its largest funding round so far, led by venture capital firm Greylock Partners and hedge fund Tiger Global Management. Existing investors Altos Ventures, Index Ventures and Meritech Capital Partners also participated in the Series F funding round.

Roblox is planning to use the capital injection to accelerate international growth by building out its global network and increasing support for foreign languages and currencies.

Global expansion was also in focus earlier this year, when the platform hired former Apple exec Chris Misner as its new president of Roblox International. At the time, Roblox had just launched its first non-English version to serve the Spanish-speaking market, and had announced plans to internationalize even more by adding community moderation, customer support and parental resources in multiple languages.

The platform currently has more than 70 million active monthly users, four million of which are young creators who have built 40 million immersive experiences. Roblox’s creator community is on pace to earn more than US$70 million from experiences published on the platform, following¬†the¬†announcement last year that it would offer millions of creators the chance to make up to US$140,000 per month (or US$1.6 million per year) on the site.

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About The Author
Alexandra Whyte is Kidscreen's Senior Online Writer/Social Media Coordinator. Contact her at awhyte@brunico.com

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