Rec Room raises $145m, valued at $3.5bn

Originally published on GamesIndustry.biz by Danielle Partis

Against Gravity’s UGC title more than doubles in value following another cash injection

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Social gaming platform Rec Room raised $145 million in a funding round, bringing its total valuation to $3.5 billion.

The round was led by Coatue Management, with participation from existing investors Sequoia Capital, Index Ventures and Madrona Venture Group.

Founded in 2016, developer Against Gravity initially created Rec Room for VR platforms, but the social title has since moved onto PlayStation, Xbox, iOS and Android.

“It’s been amazing to watch Rec Room grow from a tiny collection of mini-games into a global platform with millions of experiences built

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