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Rec Room

Online world to build & play games

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Online world to build & play games

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INDUSTRY

Technology

STATUS

trading

OPEN TO

public

Investment Highlights


  • VR Industry Pioneer

  • 37M+ Users on Platform

  • 450% growth in users in 2022

Company Overview


  • Where the World builds & plays games together

  • First official Virtual Reality software Unicorn

Rec Room is a free online virtual reality video game that lets players build custom virtual spaces and games that can be played across platforms.

The game recently launched the Creator Compensation program which is a revenue-share program.

This allows creators to monetize their creations through tokens, exchangeable for dollars, that have paid out over $1M so far.

In 2022 Rec Room now boasts 37 million users (primarily between the ages of 13 and 16) with 450% growth in user count in the last year alone.

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Recent Funding

Rec Room’s latest series funding in December 20201 led by Coatue Management managed to raise US$160M.

Participation from existing investors Sequoia Capital, Index Ventures, and Madrona Venture Group gave the company a total valuation of US$3.51B.

 

Team


  • Management
  • Dan Kroymann

    Co-Founder

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  • Nick Fajt

    CEO & Co-Founder

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  • Ryan Cousins

    Art Director

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News


  • December 2021

    Rec Room Series F Funding
    Read more
  • October 2021

    Community Commerce Report
    Read more
  • May 2021

    Rec Room is VR's first Unicorn startup
    Read more

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