Roblox Raises $520M in Series H

Roblox has successfully raised $520M in a Series H at a $29.5B valuation led by Altimeter Capital.

Company Overview

Roblox is a Gaming company headquartered in San Mateo, CA, founded in 2004 with 2000+ employees.

Online game platform and creation system

Fundraising Details

• Amount Raised: $520M
• Round Type: Series H
• Valuation: $29.5B
• Date: 2024-01-20
• Investors: Altimeter Capital

About Roblox

Online game platform and creation system The company is positioned in the Gaming sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: San Mateo, CA
• Founded: 2004
• Team Size: 2000+
• Industry: Gaming

What This Means

This funding round demonstrates strong investor confidence in Roblox's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Gaming sector continues to attract significant investment as companies innovate to meet evolving market demands. Roblox's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $29.5B valuation marks an important milestone for Roblox, positioning the company among notable players in the Gaming industry.

Looking Ahead

With this new capital, Roblox is well-positioned to execute on its growth strategy and continue building innovative solutions in the Gaming space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-01-20. For more information about Roblox, visit their headquarters at San Mateo, CA.