Roblox has closed its $150m Series G funding round, attracting new investors such as Andreessen Horowitz, Tencent and Temasek.

On Wednesday (26 February), San Mateo gaming business Roblox announced that it has raised $150m in Series G funding, bringing the company’s valuation up to $4bn.

With the latest round of funding, Roblox plans to “fuel the company’s long-term mission to define a new category of human co-experience”.

Temasek and Tencent Holdings Limited have joined Andreessen Horowitz as new investors in the round, while existing investors Altos Ventures, Meritech Capital and Tiger Global Management returned.

Andreessen Horowitz general partner David George added: “We are big believers in Roblox’s long-term vision, and are confident in backing the team as they enter the next inflection point. | To read full story, visit https://startuparound.com/read/1582813807.154517/Andreessen-Horowitz-backs-Roblox-as-valuation-reaches-$4bn?ref=audio_experience