Roblox, an online gaming platform most popular with Gen Z, has raised $150 million in Series G funding, the Wall Street Journal has reported. This comes as Roblox Corporation announced a new milestone of 115 million monthly users, a dramatic increase from the 100 million it gained when it surpassed Minecraft’s player base last August.
While older gamers might not have paid much attention to the cutely stylized gaming hangout, Roblox has seen huge growth in the last few years with younger audiences.
Only last year it was valued at $2.5 billion, with Roblox claiming that half of all American children between the ages of 9 and 12 used its platform. Last year it broke into the top five most watched games on YouTube.
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