Rec Room, a Seattle, WA-based social gaming platform for consumer generated content material, raised $145m in funding, bringing the full valuation to $3.5 billion.
This spherical was led by Coatue Administration, with participation from present traders Sequoia Capital, Index Ventures and Madrona Enterprise Group.
The corporate intends to make use of the funds to proceed to increase operations and its enterprise attain.
Launched in 2016 by CEO Nick Fajt, Rec Room gives a platform that permits folks to create and immerse themselves in customizable, interactive rooms, or digital hangouts. With over 12 million rooms and counting, the system has created an area that promotes human connection the place group members can work together, construct, create and play video games. Rec Room is offered on cellular units, recreation consoles, PC and VR headsets, together with iOS, Android, Xbox, PlayStation, Oculus, and Steam.