# Rec Room: Information technology & services, Seattle, United States > Rec Room: Rec Room, founded in 2016 by Nick Fajt and a team of co-founders, was a social gaming and virtual reality platform based in Seattle. Source: https://millionrounds.com/startup/rec-room (Millionrounds; every figure on the page links to its filing or article) United States · [Information technology & services startup](https://millionrounds.com/companies) # Rec Room Rec Room, founded in 2016 by Nick Fajt and a team of co-founders, was a social gaming and virtual reality platform based in Seattle. Funding reported Last round: Series F Information technology & services Seattle, United States Company summary - **Founded:** 2016 10 years old - **Team:** 160 51 to 200 people - **Funding reported:** $294M in dollars - **Last round:** Series F Dec 2021 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for Rec Room has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About Rec Room Rec Room, founded in 2016 by Nick Fajt and a team of co-founders, was a social gaming and virtual reality platform based in Seattle. Known as the "Roblox of VR," it became the first software unicorn in the VR industry, achieving a valuation of $3.5 billion in early 2026. The platform attracted over 100 million lifetime users by February 2024 and was accessible on various devices, including PC, mobile phones, and VR headsets. Rec Room allowed users to create and play games in a virtual environment, offering tools for designing custom rooms and experiences. It functioned as a social metaverse where users could interact, customize avatars, and explore millions of user-generated content. The platform was free to use and supported cross-platform gameplay, making it appealing to a wide audience, including VR enthusiasts, casual gamers, and content creators. Despite its rapid growth and popularity, Rec Room ceased operations on June 1, 2026, due to financial challenges. ## What company datasets say Rec Room raised Funding, as reported Reported in all **$294M** in dollars Rounds **7** Last round **Series F** Last round size **$145M** Last round date **Dec 2021** Investors listed **14** Valuation **$3.5B, Mar 2026** ## On 4 portfolio pages Investors who name them - [Maveron](https://millionrounds.com/fund/maveron) - [Greycroft](https://millionrounds.com/fund/greycroft) - [DAG Ventures](https://millionrounds.com/fund/dag-ventures) - [Madrona Venture Group](https://millionrounds.com/fund/madrona) Each firm lists Rec Room on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source. ## The company, in detail What they build Known for libraries vr social spaces vr social safety features immersive gameplay consumers in-game economy free-to-play multiplayer interaction rec room community player community virtual reality social network virtual event hosting virtual social spaces virtual fashion collaborations online social platform unity Built with from their website Azure Devops Atlassian Google Cloud YouTube Google Workspace Gem Viewport Meta Google Drive Google Play Element UI +8 more Atlassian Confluence OpenAI Apple Business Manager Google Cloud Hosting AI Google Meet Braze Twilio SendGrid Email Marketing Campaigns - **Sector:** Information technology & services - **Industry code:** NAICS 519, 51321, SIC 7375, 7372 - **Region:** Washington - **Revenue:** $15M a year, as listed - **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/rec-room) ## Information technology & services in United States Startups like it - [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks) - [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo) - [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe) - [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor) - [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab) - [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition) - [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket) - [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey) ## Is this your company? Add your raise, your deck and your story, and put Rec Room in front of investors. Or tell us what we have wrong. [List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)