Tencent took part in a series G led by Andreessen Horowitz that reportedly valued the immersive gaming platform developer at $4bn.

Roblox, the US-based operator of an online immersive entertainment platform, secured $150m yesterday in a series G round featuring internet group Tencent, at a $4bn valuation according to the Wall Street Journal.

Venture capital firm Andreessen Horowitz’s Late Stage Venture fund led the round, which included Temasek, Altos Ventures, Meritech Capital and Tiger Global Management. The company is also opening a tender offer for up to $350m of secondary share sales.

Founded as DynaBlocks in 2004, Roblox has built an…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.