Rec Room - About the company
Rec Room is a series F company based in Seattle (United States), founded in 2016 by Nick Fajt. It operates as a Provider of tools to create & play games. Rec Room has raised $270M in funding from investors like Sequoia Capital, Index Ventures and Betaworks, with a current valuation of $3.5B. The company has 705 active competitors, including 62 funded and 23 that have exited. Its top competitors include companies like Roblox, Unity and EloElo.
Sectors and market segments that Rec Room operate in
Rec Room serves in the B2C, B2B space in the Gaming, Mobile market segments.The primary business model of Rec Room are:Company Details
Rec Room is a provider of tools for developers & gamers to create and play games. Gamers can create games without any coding, and play multiple games on the same platform. Some of the games provided by the company include Paintball, Escape Room, Dodgeball & Parkour Courses, and more. Available on the Steam, PlayStation & Oculus platform.
- Website
- Social
- Email ID
- @againstgrav.com
Key Metrics
Founded Year
2016
Location
Seattle, United States
Stage
Series F
Total Funding
in 6 rounds
Latest Funding Round
Post Money Valuation
as on Dec 20, 2021
Investors
Ranked
4th among
Employee Count
as on Dec 31, 2023
Similar Companies
Roblox &
Legal entities associated with Rec Room
Rec Room is associated with 2 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
- | 161 | 271 | ||
- | 820 | 594 |
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Rec Room's funding and investors
Rec Room has raised a total funding of $270M over 6 rounds. Its latest funding round was a Series F round on Dec 17, 2021 for $145M. 4 investors participated in its latest round, lead by Coatue.
Rec Room has 18 institutional investors including Sequoia Capital, Index Ventures and Betaworks. Charles Fitzgerald is only Angel Investor in Rec Room.
Here is the list of recent funding rounds of Rec Room:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Dec 17, 2021 | $145M | Series F | $3.5B | - | |
Mar 23, 2021 | $100M | Series D | $1.25B | - | |
Dec 18, 2020 | $20M | Series C | - | - |
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Rec Room's valuation details
Rec Room is valued at $3.5B as per the latest available filings. Here is Rec Room's valuation trend over time:
Date | Valuation |
|---|---|
Dec 21 | $3.5B |
Apr 21 | 934 |
Mar 21 | 966 |
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View details of Rec Room's Founder profiles and Board Members
Rec Room's employee count trend
Rec Room has 279 employees as of Dec 23. The total employee count is 10.3% more than what it was in Dec 22. Here is Rec Room's employee count trend over the years:
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Top competitors of Rec Room include Roblox, Unity and EloElo. Here is the list of Top 10 competitors of Rec Room, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st |  Roblox 2005, San Mateo (United States), Public | Online gaming platform for developing web and mobile games | $918M | Meritech, Greenspring AssociatesÌý&²¹³¾±è;Ìý | 87/100 |
2nd | Unity 2004, San Francisco (United States), Public | Game creation platform for game developers | $894M | CPP Investments, Silver LakeÌý&²¹³¾±è;Ìý | 78/100 |
3rd | Provider of app-based live social entertainment platform | $51M | Sequoia Capital, KB InvestmentÌý&²¹³¾±è;Ìý | 76/100 | |
4th |  2016, Seattle (United States), Series F | Provider of tools to create & play games | $270M | DAG Ventures, Index VenturesÌý&²¹³¾±è;Ìý | 72/100 |
5th | Provider of an online gaming platform for browser games | $94.3M | Accel, Makers FundÌý&²¹³¾±è;Ìý | 71/100 | |
6th | Unreal Engine 1991, Cary (United States), Funding Raised | Game engine developed by Epic Games | - | 66/100 | |
7th |  Inworld 2021, Mountain View (United States), Series A | Provider of a conversational AI development platform for enterprises | $117M | Kleiner Perkins, Intel CapitalÌý&²¹³¾±è;Ìý | 66/100 |
8th | Corona Labs 2008, Palo Alto (United States), Acquired | Cross-platform game development framework provider | $4.75M | Western Technology Investment, Merus CapitalÌý&²¹³¾±è;Ìý | 65/100 |
9th |  Beamable 2010, Boston (United States), Series A | Game engine solutions provider | $28.7M | Google Ventures, Permit VenturesÌý&²¹³¾±è;Ìý | 64/100 |
10th |  Every Realm New York City (United States), Series A | Provider of social and community-driven gaming platform | $102M | Lightspeed Venture Partners, a16zÌý&²¹³¾±è;Ìý | 61/100 |
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Rec Room's Investments and acquisitions
Rec Room has made no investments or acquisitions yet.
Reports related to Rec Room
Here is the latest report on Rec Room's sector:
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News related to Rec Room
Media has covered Rec Room for a total of 9 events in the last 1 year, 3 of them have been about company updates and 1 about people movement.
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CNBC-TV18•Mar 06, 2025•Rec Room
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Mercom India•Mar 04, 2025•, Rec Room
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GeekWire•Mar 04, 2025•Rec Room
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Mercom India•Feb 04, 2025•ACME Solar, Solar Energy Corporation Of India, ACME, Clean Power Finance and 2 others
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Road to VR•Dec 30, 2024•Rec Room
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GeekWire•Oct 18, 2023•Rec Room
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