Home / Gaming / Roblox nabs $92 million to power its massive social gaming platform for kids

Roblox nabs $92 million to power its massive social gaming platform for kids



Capturing kids’ attention can be expensive.

Roblox has spent the greater part of the millennium creating a cool place for kids to play a diverse collection of games inside a single cross-platform world for its huge audience of tens of millions of monthly active youngsters.

The company announced Tuesday that it has closed a massive $92 million funding round led by Meritech Capital Partners and Index Ventures. The company has now raised just over $102 million in total funding to date.

Things have been moving rather quickly as of late for the social gaming startup founded in 2005. The company recently announced it has more than 48 million monthly active users on the site, with about half of that traffic coming from U.S. users. The company announced in December that user growth was at 30 million MAUs, so growth has been fervent in 2017 so far.

“Roblox’s growth over the past two years has been one of the best-kept secrets in the industry,” Meritech managing director Craig Sherman said in a statement. “They’re experiencing engagement and audience numbers that rival some of the world’s biggest gaming and entertainment companies and we see the trajectory continuing to accelerate. This is an exciting time to come on board.”

Roblox is pretty unique in just how young its large user base is, with children between the ages of 6-16 composing the largest chunk of the site’s users. Roblox is available across a wide swath of platforms, including desktops, smartphones, consoles and a variety of virtual reality platforms.

If you’re first thought from this headline is that this is a hell of a lot of money, you’re not wrong. Roblox may have visual fidelity that’s about as basic as Minecraft, but it’s the game platform’s customizability through creative tools that is allowing developers to go wild in building cool content for users.

Roblox Studio is a bit like a more simplistic version of Unity, though the more than 22 million games that have been created using the service have to be accessed directly through the Roblox portal. This isn’t just some toy though; developers are making serious money capitalizing on the young and dedicated user base. Roblox just had to rework its pay structure to allow some of its most popular developers to earn up to $140,000 per month from the company.

As the company looks to become more of a household name, they’re expanding into a line of retail toys featuring their LEGO-like characters, which you can buy right now at places like Toys “R” Us.



Source link

About admin

Check Also

img_9743.jpg

“We should not talk about jobs being lost but people suffering,” says Kasparov on AI

How can humans stay ahead of an ever growing machine intelligence? “I think the challenge ...

44 comments

  1. Hi mates, its enormous piece of writing regarding tutoringand entirely defined,
    keep it up all the time.

    My blog post: fifa 17 coins generator free

  2. whoah this blog is fantastic i love studying your articles.
    Stay up the great work! You already know, a lot of individuals
    are searching round for this info, you could help them greatly.

    Also visit my homepage madden mobile coins cheat no survey

  3. Hi, this weekend is good for me, for the reason that this occasion i am reading this enormous educational paragraph here at my residence.

    Feel free to surf to my site … cs go bet skins on matches

  4. This is my first time go to see at here and i am truly pleassant to read everthing at single place.

    Look at my website; silk lashes and beauty rochester ny

  5. You need to be a part of a contest for one of the finest sites
    on the web. I will highly recommend this site!

    Feel free to surf to my page :: 1 – http://www.healthcareersinthebush.com/

  6. Hi There! We are searching for some people that might be interested in from working their home on a part-time basis. If you want to earn $200 a day, and you don’t mind writing some short opinions up, this might be perfect opportunity for you! Simply click the link here NOW!

  7. Heya i’m for the first time here. I came across this board and I find It truly
    useful & it helped me out a lot. I hope to give something back and aid others like you aided me.

    My blog post :: fifa coins ps4 free (http://www.twusf.org)

  8. I just want to tell you that I’m beginner to blogs and honestly loved this web page. Probably I’m going to bookmark your blog post . You definitely have incredible articles. Regards for revealing your blog site.

  9. Nice post. I was checking continuously this blog and I’m impressed! Very helpful information particularly the last part :) I care for such info a lot. I was looking for this certain info for a very long time. Thank you and best of luck.

  10. Thank you for any other informative site. The place else may I get that kind of information written in such a perfect method? I’ve a project that I’m just now working on, and I’ve been on the glance out for such information.

  11. There is perceptibly a bunch to know about this. I consider you made certain good points in features also.

  12. I appeciate your point.Please give me more info on this! Please give me more info on this! You can contact me at http://www.massageandalignment.com

  13. MetroClick specializes in building completely interactive products like Photo Booth for rental or sale, Touch Screen Kiosks and Digital Signage, and experiences. With our own hardware production facility and in-house software development teams, we are able to achieve the highest level of customization and versatility for Photo Booths, Touch Screen Kiosks and Digital Signage. MetroClick, 121 Varick St, #301, New York, NY 10013, +1 646-843-0888

  14. I merely intend to notify you that I am new to posting and genuinely adored your write-up. More than likely I am prone to remember your blog post . You definitely have fantastic article content. Be Grateful For it for expressing with us your very own url post

  15. IMSC SEO is a Singapore SEO Company. They provide comprehensive Singapore SEO services to help SG businesses to gain traffic from search engine. Their SEO agency has many years of experiences working with overseas companies on more competitive grounds. They are the best seo company in Singapore you can find. Their SEO expert and consultant understand exactly what search engine optimization your company need to gain search engine traffic.

  16. Clean Services NorthWest is your best portland window cleaning company in Oregon. They provide the best portland window cleaners with reasonable prices for their portland window washing and portland residential window cleaning. All their portland window washers are well trained for window cleaning portland cleaning services. Contact them for a list of window cleaning in portland oregon for your residential or commercial needs. Address: 8910 SE Fuller Rd, Happy Valley, OR 97086, USA , +1 503-762-5915

  17. You actually make it seem so easy along with your presentation but I to find this matter to be really one thing that I feel I’d never understand. It sort of feels too complex and very vast for me. I am looking forward in your subsequent post, I will attempt to get the hang of it!

  18. I am really impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you customize it yourself? Either way keep up the nice quality writing, it’s rare to see a great blog like this one these days..

  19. I was recommended this blog by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my problem. You’re incredible! Thanks!

  20. Hello there, I found your website by means of Google whilst searching for a comparable subject, your website came up, it appears to be like great. I’ve bookmarked it in my google bookmarks.

  21. I am continuously invstigating online for articles that can facilitate me. Thank you!

  22. Great post and right to the point. I don’t know if this is really the best place to ask but do you people have any ideea where to hire some professional writers? Thanks in advance :)

  23. You are a very intelligent individual!

  24. Hello There. I found your blog using msn. This is a very well written article. I will make sure to bookmark it and return to read more of your useful information. Thanks for the post. I’ll definitely comeback.

  25. Thanks for some other informative site. The place else could I get that kind of info written in such a perfect method? I’ve a project that I am just now operating on, and I’ve been on the look out for such info.

  26. Needed to send you one little note to finally say thanks a lot again for your stunning things you have documented in this article. It was really extremely generous with people like you to allow unreservedly exactly what a lot of folks could have sold as an electronic book to end up making some dough for their own end, precisely given that you could possibly have tried it in the event you decided. Those creative ideas also acted to become easy way to be aware that some people have similar eagerness like mine to learn whole lot more with respect to this problem. I am certain there are a lot more pleasurable times ahead for people who browse through your blog post.

  27. Excellent blog here! Also your site loads up fast! What host are you using? Can I get your affiliate link to your host? I wish my site loaded up as fast as yours lol

  28. As I site possessor I believe the content material here is rattling magnificent , appreciate it for your efforts. You should keep it up forever! Good Luck.

  29. I’m more than happy to uncover this great site. I need to to thank you for your time for this particularly fantastic read!! I definitely really liked every little bit of it and I have you saved as a favorite to see new information in your blog.

  30. It is usually the right occasion to make some goals for the near future. I’ve browsed this blog post and if I would, I wish to recommend you a few unique tips.

  31. Gday there, just got conscious of your blog through Google, and have found that it is really useful. I’ll take pleasure in should you persist this approach.

  32. I really wish to advise you that I am new to writing and incredibly cherished your review. Very possible I am likely to save your blog post . You literally have fabulous article content. Get Pleasure From it for giving out with us your favorite web article

  33. Well I truly enjoyed studying it. This post offered by you is very helpful for good planning.

  34. Thank you for sharing excellent informations. Your site is very cool. I am impressed by the details that you¡¦ve on this blog. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found just the information I already searched everywhere and just could not come across. What a great website.

  35. Great amazing issues here. I am very satisfied to peer your post. Thank you a lot and i’m taking a look ahead to contact you. Will you please drop me a mail?

  36. Ahaa, its pleasant conversation regarding this piece of writing at this place at this blog, I have read all that, so at this time me also commenting at this place.|

  37. As soon as I discovered this site I went on reddit to share some of the love with them.

  38. Absolutely written subject matter, thankyou for entropy.

  39. I’m also writing to let you understand of the fabulous discovery my wife’s child developed reading your webblog. She realized a lot of details, which included what it is like to have a marvelous helping style to have other people very easily learn selected tortuous matters. You actually surpassed visitors’ expected results. Many thanks for rendering such effective, safe, educational and as well as easy tips on that topic to Emily.

  40. I loved as much as you will receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get got an shakiness over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this increase.

  41. I have recently started a blog, the info you provide on this site has helped me greatly. Thanks for all of your time & work.

  42. I got what you mean , regards for putting up.Woh I am pleased to find this website through google. “Spare no expense to make everything as economical as possible.” by Samuel Goldwyn.

  43. My wife and i felt relieved that Edward managed to conclude his investigation from the ideas he got out of your weblog. It’s not at all simplistic to simply find yourself giving freely solutions a number of people may have been trying to sell. And we also already know we have you to appreciate for this. The main illustrations you’ve made, the easy blog menu, the relationships you will help instill – it’s mostly overwhelming, and it’s really leading our son and us believe that that matter is enjoyable, and that is seriously serious. Thank you for the whole lot!

  44. Bonjour ! Je ne trouve pas votre flux RSS !

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>