Roblox announced today it has raised $520 million in new Series H funding at a purchase price of $45.00 per share led by Altimeter Capital and Dragoneer Investment Group. The Investment Group of Santa Barbara and Warner Music Group, along with several current investors, also participated in this round. The Series H funding values the company at $29.5 billion and the proceeds from the financing will advance Roblox's growth initiatives and mission to build a human co-experience platform that enables shared experiences among billions of users.

Roblox's mission is to build a human co-experience platform that enables shared experiences among billions of users. Every day, an average of more than 31 million people around the world have fun with friends as they explore millions of immersive digital experiences. All of these experiences are built by the Roblox community, made up of over seven million creators. Roblox believes in building a safe, civil, and diverse community-one that inspires and fosters creativity and positive relationships between people around the world. For more information, please visit corp.roblox.com.