San Francisco – Roblox, a gaming site for kids, announced on Tuesday that it has raised $4 million in a second round of venture capital financing, led by previous backers ALTOS Ventures and First Round Capital.
Founded in 2006, San Francisco-based Roblox offers a massively multiplayer online game environment and virtual economy designed for kids aged seven to 16 years.
The company counts 5.7 million unique monthly visitors, 650 million monthly page views, and said kids are spending 19 million hours per month on Roblox.
The company will use the funds to boost its hiring budget.
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