Roblox Raises $150 Million in New Funding Round

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Roblox Raises $150 Million in New Funding Round
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'Roblox' raised $150 million in Series G funding led by Andreessen Horowitz’s Late Stage Venture fund on Wednesday

, a massively-multiplayer online game that has grown into a leading online platform, raised $150 million in Series G funding led by Andreessen Horowitz’s Late Stage Venture fund on Wednesday. The new investment opens a tender offer for up to $350 million of common and preferred shares in the company.

The new funding be used to "further fuel the company’s long-term mission to define a new category of human co-experience," a reference to's emphasis on cooperative play and content sharing on its platform. Temasek and Tencent Holdings Limited also joined Late Stage Venture in the latest round of funding, while existing investors Altos Ventures, Meritech Capital, and Tiger Global Management all expanded their previous investments in the company.

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