Total amount raised
$442.7 Millions
Latest funding date
3/1/2025
Location
Roblox has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers a unique digital experience, allowing users to create and play games.
Keep reading to explore the intricacies of Roblox's fundraising journey and the investors backing this innovative platform.
What Is Roblox?
Roblox, founded in 2004 by David Baszucki and Erik Cassel, is an online gaming and entertainment platform based in San Mateo, California. The platform allows users to create, play, and connect through interactive 3D experiences built by a global community of developers.
With a workforce of 1001-5000 employees, Roblox offers tools like Roblox Studio for developers to build and script experiences, a Creator Store for selling assets, and a Virtual Economy for transactions. The platform also features Voice Chat for communication and Immersive Ads for advertising.
Roblox's mission is to enable users to imagine, create, and have fun with friends by exploring a wide range of interactive experiences. The company continues to grow, attracting a diverse group of investors and maintaining a strong presence in the gaming industry.
How Much Funding Has Roblox Raised?
- Series D
- Amount Raised: $2.2M
- Date: August 2009
- Lead Investors: Altos Ventures, First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and platform development.
- Series D
- Amount Raised: $4M
- Date: May 2011
- Lead Investors: Altos Ventures, First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform and increase user engagement.
- Series E
- Amount Raised: $25M
- Date: January 2017
- Lead Investors: Index Ventures, Meritech Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the user experience.
- Series F
- Amount Raised: $150M
- Date: July 2018
- Lead Investors: Greylock, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and platform improvements.
- Series G
- Amount Raised: $150M
- Date: February 2020
- Lead Investors: Andreessen Horowitz
- Valuation at Round: $4B
- Motivation Behind the Round: To enhance platform capabilities and prepare for future growth.
- Series G
- Amount Raised: $1M
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing development and operational needs.
- Series H
- Amount Raised: $520M
- Date: January 2021
- Lead Investors: Altimeter Capital, Dragoneer Investment Group
- Valuation at Round: $29.5B
- Motivation Behind the Round: To delay IPO for better pricing and support growth initiatives.
- Venture Round
- Amount Raised: $17.7M
- Date: April 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund new features and platform enhancements.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing platform development and user acquisition.
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: October 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support long-term strategic initiatives and market expansion.
Roblox has raised a total of $870.9M in funding. The most recent valuation is $29.5B.
Key Investors
- Altimeter Capital
- Details: Altimeter Capital is a venture capital firm based in the United States, led by CEO Brad Gerstner. The firm is known for its investments in high-growth technology companies.
- Investment Focus Areas: Technology, high-growth companies, values-driven businesses.
- Notable Investments: Lacework, Roblox, SoFi.
- Dragoneer Investment Group
- Details: Dragoneer Investment Group is an investment firm that focuses on long-term investments in growth-oriented companies. The firm is based in the United States and has a reputation for backing successful technology ventures.
- Investment Focus Areas: Technology, growth-oriented companies, long-term investments.
- Notable Investments: Roblox, Airbnb, Snowflake.
- Greylock
- Details: Greylock is a venture capital firm that has been investing in technology companies since 1965. The firm is known for its early-stage investments and has a strong track record in the tech industry.
- Investment Focus Areas: Technology, early-stage startups, enterprise software.
- Notable Investments: Facebook, LinkedIn, Airbnb.
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a venture capital firm based in Silicon Valley. The firm was founded by Marc Andreessen and Ben Horowitz and is known for its investments in technology and innovation.
- Investment Focus Areas: Technology, innovation, consumer internet.
- Notable Investments: Facebook, Twitter, Coinbase.
- Warner Music Group (WMG)
- Details: Warner Music Group is a major music company involved in recorded music and music publishing. The company has been increasingly focusing on the gaming sector as a new avenue for music marketing and distribution.
- Investment Focus Areas: Music, entertainment, gaming.
- Notable Investments: Roblox, Spotify, Tencent Music.
What's Next for Roblox?
Roblox stands at the cusp of significant opportunities, particularly in the realm of virtual events and music collaborations. With a valuation of $29.5 billion and a recent $520 million funding round, the platform is poised to expand its virtual concert offerings and deepen its ties with the music industry. This could potentially transform Roblox into a leading venue for digital entertainment, attracting millions of users and substantial revenue.
Future fundraising opportunities are likely to be robust, especially with the planned direct listing. This move could attract additional investments from venture capital firms and music labels, further fueling Roblox's growth initiatives. However, challenges such as managing copyright issues and maintaining user engagement post-pandemic remain. Navigating these hurdles will be crucial for Roblox to sustain its momentum and capitalize on the burgeoning digital entertainment market.
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