Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
September 26, 2018
arrowPress Releases
  • Editor-In-Chief:
    Kris Graft
  • Editor:
    Alex Wawro
  • Contributors:
    Chris Kerr
    Alissa McAloon
    Emma Kidwell
    Bryant Francis
    Katherine Cross
  • Advertising:
    Libby Kruse






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Roblox raises $150 million and sets sights on China

Roblox raises $150 million and sets sights on China

September 6, 2018 | By Alissa McAloon

September 6, 2018 | By Alissa McAloon
Comments
    Post A Comment
More: Console/PC



Newsbrief: Roblox, the company behind the social game platform of the same name, has raised an additional $150 million in funding through a funding round led by Greylock Partners and Tiger Global. 

According to TechCrunch, the goal of the funding round itself was, among other reasons, to set the company up with a “strong balance sheet” as it looks toward international growth. To that end, Roblox is now looking at setting up offices in China and other regions, though details on partnerships to make that move possible have yet to be announced.

The game creation platform Roblox itself has been steadily growing for years, both in terms of active players and the number of in-game developers creating free-to-play content for the platform. As of July, Roblox hosted 40 million games and predicted that it would pay out roughly $70 million to developers in 2018, over twice the 2017’s estimated $30 million payout.  



Related Jobs

Endnight Games Ltd
Endnight Games Ltd — Vancouver, British Columbia, Canada
[09.25.18]

Senior Programmer (Generalist)
Deep Silver Volition
Deep Silver Volition — Champaign, Illinois, United States
[09.24.18]

Studio Programming Director
Deep Silver Volition
Deep Silver Volition — Champaign, Illinois, United States
[09.24.18]

Studio Art Director
Deep Silver Volition
Deep Silver Volition — Champaign, Illinois, United States
[09.24.18]

Studio Design Director









Loading Comments

loader image