Roblox Builds $4 Million in Funding

3D block -building online game, Roblox has received $4 Million in funding from Altos Ventures and First Round Capital. The game is aimed at younger children. Article and analysis from:

Gamasutra ” Roblox is essentially a social experience that emulates normal play-patterns. Kids come together and create imaginary worlds using whatever is on hand. Although Baszucki doesn’t see social networks of the near future as three-dimensional avatar-worlds, he does see kids using these arenas to play and socialize. “

BusinessWire (Press Release) ” Subscriptions, sales of in-game virtual currency, advertising and pre-paid cards at retail outlets like BestBuy, GameStop and Wal-Mart, have fueled the company’s strong revenue growth, with a 75% year over year increase in revenue. As a result, ROBLOX plans to double its workforce in 2011. “

Video – Roblox game trailer

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Filed under game, gaming, Roblox, social games

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