Roblox Raises $150M in Series G Financing, Led by Andreessen Horowitz
Summary
SAN MATEO, Calif.--(BUSINESS WIRE)--Roblox, a global online platform bringing people together through play, announced today it has raised $150 million in new funding led by Andreessen Horowitz’s Late Stage Venture fund and will open a tender offer for up to $350 million of common and preferred shares. “ Looking ahead, we’re doubling down on our commitment to building the most advanced tools and technology to take our creators and players into the metaverse of the future.” “ The expertise of the Andreessen Horowitz team will strengthen our roster of world-class investors,” said Michael Guthrie, Chief Financial Officer of Roblox. “ This investment further bolsters our balance sheet while we grow our incredible team of engineers and support our creators around the world with the technology and infrastructure to build more immersive, massive, and collaborative experiences.” “ We are big believers in Roblox’s long-term vision, and are confident in backing the team as they enter this next inflection point,” said David George, General Partner at Andreessen Horowitz. Existing investors Altos Ventures, Meritech Capital, and Tiger Global Management all expanded their previous investments in the company. We believe in building a safe, civil, and diverse community—one that inspires and fosters creativity and positive relationships between people around the world.
Funding
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