{"id":109644,"date":"2020-02-26T23:51:00","date_gmt":"2020-02-26T23:51:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/358788"},"modified":"2020-02-26T23:51:00","modified_gmt":"2020-02-26T23:51:00","slug":"roblox-raises-150-million-for-game-making-game-playing-platform","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2020\/02\/26\/roblox-raises-150-million-for-game-making-game-playing-platform\/","title":{"rendered":"Roblox raises $150 million for game-making, game-playing platform"},"content":{"rendered":"<p>Roblox Corporation, the developers of the rapidly growing custom game platform by the same name, announced today that the company has raised $150 million in Series G Financing, with investment firm Andreessen Horowitz at the helm.&nbsp;<\/p>\n<p>Per a press release sent to Gamasutra,&nbsp;the also company announced it would be opening a tender offer for up to $350 million of common and preferred shares. The company also announced that its platform has hit 115 million monthly active users, a number it aims to grow with its newfound funds.&nbsp;<\/p>\n<p><em>Roblox <\/em>has had quite a good few years with its financials. Late last year <a href=\"https:\/\/www.gamasutra.com\/view\/news\/354817\/Analyst_Roblox_revenue_on_mobile_alone_surpasses_1_billion.php\">Sensor Tower predicted <\/a>that the company had earned over $1 billion lifetime gross revenue on the mobile version of the game alone. At the time, it pegged that version of the game of being downloaded over 290 million times.&nbsp;<\/p>\n<p>That growth and stability no doubt proved attractive to the folks at Andreessen Horowitz. According to general partner David George, \u201c<em>Roblox <\/em>is one of those rare platform companies with massive traction and an organic, high-growth business model that will advance the company, and push the industry forward for many years to come.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Roblox Corporation, the developers of the rapidly growing custom game platform by the same name, announced today that the company has raised $150 million in Series G Financing, with investment firm Andreessen Horowitz at the helm.&nbsp; Per a press release sent to Gamasutra,&nbsp;the also company announced it would be opening a tender offer for up [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":109645,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-109644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/109644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=109644"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/109644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/109645"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=109644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=109644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=109644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}