Roblox Raises $520M led by Altimeter Capital and Dragoneer Funding Group
roblox 520m altimeter capital dragoneer, SAN MATEO, Calif. & MENLO PARK, Calif. & SAN FRANCISCO–(BUSINESS WIRE)–Roblox, a world on-line platform bringing of us collectively through play, launched in the mean time it has raised $520 million in new Assortment H funding at a purchase order order worth of $45.00 per share led by Altimeter Capital and Dragoneer Funding Group. The Funding Group of Santa Barbara and Warner Music Group, along with quite a lot of current merchants, moreover participated on this spherical. The Assortment H funding values the company at $29.5 billion and the proceeds from the financing will advance Roblox’s growth initiatives and mission to assemble a human co-experience platform that allows shared experiences amongst billions of consumers.
“We wait for working with all of them as we proceed our mission to assemble a human co-experience platform that allows shared experience, from play to work, and finding out amongst billions of consumers.”
“We’re thrilled to welcome Altimeter, Dragoneer and the other new merchants,” acknowledged David Baszucki, CEO and co-founder of Roblox. “We wait for working with all of them as we proceed our mission to assemble a human co-experience platform that allows shared experience, from play to work, and finding out amongst billions of consumers.”
“Whereas as quickly as seen as a gaming platform, Roblox has emerged as a definitive world group connecting a whole lot of 1000’s of people through communication, leisure and commerce,” acknowledged Brad Gerstner, CEO of Altimeter. “And since the world strikes in direction of a hybrid future – the place on-line and offline group and finding out co-exist, we’re proud to once more a values-driven enterprise that takes considerably its obligation to assemble an inclusive, inventive, and constructive group.”
“Roblox has constructed a novel and imaginative digital experience with a rising, loyal group, and we’re excited to have the prospect to help the company at this stage of its enchancment,” acknowledged Marc Stad, Founder and Managing Confederate of Dragoneer Funding Group. “We wait for partnering with the Roblox group as they proceed to execute on a compelling growth approach and capitalize on the substantial alternate options ahead.”
Roblox’s mission is to assemble a human co-experience platform that allows shared experiences amongst billions of consumers. Each single day, a imply of higher than 31 million of us all around the world have satisfying with buddies as they uncover a whole lot of 1000’s of immersive digital experiences. All of these experiences are constructed by the Roblox group, made up of over seven million creators. We contemplate in developing a protected, civil, and numerous group—one which evokes and fosters creativity and constructive relationships between of us all around the world. For further data, please go to corp.roblox.com.
About Altimeter Capital
Altimeter is a primary experience focused funding company based totally in Silicon Valley with over $15 billion in property from endowments, foundations, and family locations of labor. Altimeter has a historic previous of backing distinctive founders developing iconic experience companies and seeks to take a place and advise companies all by way of their life cycle – from VC to IPO and previous. Altimeter manages various funds – VC, SPV, SPAC, and Hedge Fund – to help this mission. Advisor investments embody: Snowflake, Bytedance, Unity, Twilio, Okta, Pinduoduo, Uber, Zillow, Epic, Mongo, Sea Restricted, and DataRobot.
Dragoneer is a San Francisco-based, growth-oriented funding company with roughly $12 billion in long-duration capital from many of the world’s fundamental endowments, foundations, sovereign wealth funds, and family locations of labor. Dragoneer has a historic previous of partnering with administration teams rising distinctive companies characterised by sustainable differentiation and superior monetary fashions. The company’s observe report consists of personal and non-private investments all through industries and geographies, with a specific take care of technology-enabled corporations. Dragoneer has been an investor in companies resembling Airbnb, Alibaba, AppFolio, Bytedance, Chime, Datadog, Doordash, Duck Creek, Farfetch, Nubank, Pinterest, PointClickCare, Slack, Snowflake, Spotify, Uber, and others.