About Rec Room
Rec Room is a company based in Seattle (United States) founded in 2016 by John Bevis and Nick Fajt. It operates as a Freemium. Rec Room has raised $270.82 million across 6 funding rounds from investors including Indexa Capital, Coatue and Sequoia Capital. Rec Room offers products and services including Rec Room. Rec Room operates in a competitive market with competitors including Unity, Roblox, EloElo, FRVR and Manticore Games, among others.
- Headquarter Seattle, United States
- Founders John Bevis, Nick Fajt
- Stage Unicorn
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Sectors
Media & Entertainment
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$270.82 M (USD)
in 6 rounds
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Latest Funding Round
$145 M (USD), Series F
Dec 17, 2021
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Investors
Indexa Capital
& 13 more
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Employee Count
Employee Count
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Products & Services of Rec Room
Rec Room offers a comprehensive portfolio of products and services, including Rec Room. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for building and playing games together.
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Funding Insights of Rec Room
Rec Room has successfully raised a total of $270.82M across 6 strategic funding rounds. The most recent funding activity was a Series F round of $145 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series F — $145.0M
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First Round
First Round
(09 Jun 2016)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series F - Rec Room | Valuation | Coatue | |
| Mar, 2021 | Amount | Series D - Rec Room | Valuation | Sequoia Capital , Index Ventures | |
| Dec, 2020 | Amount | Series C - Rec Room | Valuation | Madrona Venture Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rec Room
Rec Room has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Indexa Capital, Coatue and Sequoia Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rec Room
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rec Room
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rec Room Comparisons
Competitors of Rec Room
Rec Room operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Unity, Roblox, EloElo, FRVR and Manticore Games, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Unity is recognized as a leading real-time development platform.
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| domain | founded_year | HQ Location |
A gaming platform for user-generated content is operated.
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| domain | founded_year | HQ Location |
Live social entertainment is facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
An online platform for browser-based games is provided by FRVR.
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| domain | founded_year | HQ Location |
Multiplayer PC and console games are developed using Unreal Engine.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rec Room
Frequently Asked Questions about Rec Room
When was Rec Room founded?
Rec Room was founded in 2016.
Where is Rec Room located?
Rec Room is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Rec Room?
Nick Fajt is the current CEO of Rec Room. They have also founded this company.
Is Rec Room a funded company?
Rec Room is a funded company, having raised a total of $270.82M across 6 funding rounds to date. The company's 1st funding round was a Series C of $20M, raised on Jun 09, 2016.
What does Rec Room do?
A platform is offered by Rec Room for users to build and play games together. Millions of player-created rooms are available to explore across various devices, including phones, PCs, consoles, and VR headsets. Social interaction is facilitated through avatars and community engagement, ensuring a welcoming environment for diverse users. Solutions are provided for creative expression using tools like the Maker Pen to design unique content.
Who are the top competitors of Rec Room?
What products or services does Rec Room offer?
Rec Room offers Rec Room.
Who are Rec Room's investors?
Rec Room has 14 investors. Key investors include Indexa Capital, Coatue, Sequoia Capital, Index Ventures, and Madrona.
What is Rec Room's valuation?
The valuation of Rec Room is $3.5B as of Dec 2021.
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