SEATTLE, Dec. 20, 2021 /PRNewswire/ — Rec Room, the leading social gaming platform for user generated content, announced the close of $145 million in new funding, bringing the company’s total valuation to $3.5 billion. This follows a capital raise earlier this year, in which the company raised $100 million and became the first VR company to reach unicorn status with a valuation of $1.25 billion. This latest round was led by Coatue Management, with participation from existing investors Sequoia Capital, Index Ventures and Madrona Venture Group.
Launched in 2016, Rec Room has now enabled over 37 million people around the world to connect and create. The free platform enables people to create and immerse themselves in highly-customizable, interactive rooms, or digital hangouts. With over 12 million rooms and counting, Rec Room has created a space that promotes human connection where…
