View source for Roblox CEO Is Worth 4.6 Billion And Index Stake Worth 3.7 Billion

<br>Rimer says he and Baszucki stayed in touch and he followed the business from its early days. Rimer may possibly have missed his chance to get in at the early stage, but he got there at the suitable time to take advantage of Roblox's viral development. In 2018, which is as far back as its prospectus goes, Roblox generated $325 million in income. Amongst Roblox's millions of user-designed games are titles that let children adopt virtual pets, hang out with buddies at theme parks and perform at a pizza business. But it wasn't till 2017 that Index first invested in Roblox, co-major a $92 million round at a valuation of about $500 million. With little ones stuck at home throughout the pandemic, revenue last year surged 82% to $923.9 million, mainly from sales of virtual things inside games, soon after jumping 56% in 2019 to $508.4 million. The firm followed on with extra investments totaling at least $34 million, according to Roblox's prospectus. For Index, which has billions of dollars below management, the investment became additional compelling following Roblox was proving its recognition across multiple platforms when figuring out how to make money along the way. Rimer said he attended rapper Lil Nas X's virtual concert in November, which attracted much more than 30 million guests over two days. It is all element of Baszucki's plan to develop a so-named metaverse, with customers "interacting together by playing, communicating, connecting, making buddies, finding out, or basically hanging out, all in 3D environments," as laid out in the prospectus. 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