According to Finsmes, the round was led by Meritech Capital Partners and Index Ventures. In conjunction with the funding, Meritech's Managing Director Craig Sherman and Index's Co-founder and Partner Neil Rimer will take observer seats on the Roblox board.

The company, which has raised $102.5m in total funding, intends to use the capital to enhance the platform's infrastructure and recruiting talent.

Led by David Baszucki, CEO, Roblox operates a social platform for play that allows kids to imagine, create, and play together in immersive 3D worlds. Accessible on all smartphones, tablets, desktops, Xbox One, Oculus Rift, and other VR platforms, over 22 million user-generated online games have been produced on the platform with over 48 million players visiting Roblox every month to create adventures, play games, roleplay, and learn with friends.