Social gaming platform Rec Room have announced they have raised another $145 million in funding bringing the company’s total valuation to $3.5 billion. This latest round was led by Coatue Management, with participation from existing investors Sequoia Capital, Index Ventures and Madrona Venture Group.
Rec Room has grown exponentially over the past year with their monthly user count increasing a whopping 450% since November 2020 and 37 million accounts now created since launching in 2016.
Rec Room is available for Playstation 4, Playstation 5, Xbox Series, Xbox One, Android, iOS, and PC.
