Jem Aswad Senior Music EditorOnline gaming platform Roblox announced Wednesday that it has raised $520 million in new Series H funding with investors that include Warner Music Group and the Investment Group of Santa Barbara.
The announcement was made in advance of the company’s plan to float on the stock exchange in a direct listing, similar to the one made by Spotify in 2018.The round was led by Altimeter Capital and Dragoneer Investment Group, and values the company at $29.5 billion.
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