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Roblox Bags $4 Million VC Investment

Wednesday, June 15, 2011 5:51:00 AM PDT | VentureDeal Staff

   San Mateo, California  --  Digital media company Roblox has received $4 million in institutional venture capital investment.

Roblox says that it is developing kid-safe online gaming technologies that straddle "several rapidly-developing aspects of Internet entertainment: virtual worlds, casual gaming and user-constructed content."

Altos Ventures and First Round Capital made the investment, which the company said would allow it to accelerate its growth.

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