Roblox raises $150 million round led by Andreessen Horowitz

On-line gaming platform Roblox has raised $150 million in funding in a spherical led by Andreessen Horowitz’s late stage enterprise fund.

It appears the parents at Andreessen Horowitz have been taking part in lots of user-generated video games on Roblox, like Work at a Pizza Place or Meep Metropolis, every of which have gotten billions of performs on the platform.

Within the funding spherical, Roblox can be providing workers and stakeholders a possibility to take part in a secondary spherical. Roblox mentioned it comes at a time of serious progress for Roblox because it hits new milestones together with reaching over 115 million month-to-month lively customers and greater than 1.5 billion hours of month-to-month engagement.

Roblox will use the funding to additional develop its engineering workforce, and assist creators around the globe with the expertise and infrastructure to construct extra immersive, collaborative experiences.

Moreover, Roblox mentioned it’s holding its seventh annual Bloxy awards on March 21 however this 12 months the award present goes to be streamed in a model new manner — dwell inside the platform. Roblox is accessible on a wide range of platforms, together with the PC, Mac, consoles, digital actuality platforms like Oculus and HTC, and cell gadgets.

It’s not clear why Roblox wants to boost the cash, appropriately making some huge cash on all these customers. However it’s a very formidable firm, competing with rivals akin to Microsoft’s Minecraft. Roblox has now raised greater than $185 million.

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The post Roblox raises $150 million round led by Andreessen Horowitz appeared first on gariwerd.com.



source https://gariwerd.com/roblox-raises-150-million-round-led-by-andreessen-horowitz/

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