Technology
Social Gaming Platform Rec Room Announces New Funding at $1.25 Billion Valuation – Investing News Network
Today Rec Room, the gaming platform for user-generated content, a
– Today Rec Room, the gaming platform for user-generated content, announced the close of $100 million in new funding, bringing the company’s valuation to $1.25 billion . The new funding was led by existing investors Sequoia Capital and Index Ventures with participation from existing investor Madrona Venture Group. This news continues a year of unprecedented milestones for the young company, which launched in 2016, as it celebrates 15M lifetime users and 566% YOY revenue growth.
Rec Room, which can…
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