Roblox’s Valuation Soars as Online Videogame Hub Raises $150 Million

By Anonymous

Service claims 70 million monthly active users, mostly younger gamers

Roblox Corp., the maker of a popular online videogame hub, has more than doubled its valuation to over $2.5 billion in a new round of funding, according to a person familiar with the matter.

The company said Wednesday it raised $150 million in Series F equity financing, led by Greylock Partners and Tiger Global Management. Previous investors returning for the new round included Index Ventures, Meritech Capital Partners and Altos Ventures.