Rec Room

Rec Room

Social gaming platform for user-generated content

About Rec Room

Simplify's Rating
Why Rec Room is rated
A
Rated B on Competitive Edge
Rated A+ on Growth Potential
Rated A on Rating Differentiation

Industries

Consumer Software

Entertainment

Gaming

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$294M

Headquarters

Seattle, Washington

Founded

2016

Overview

Rec Room is a social gaming platform that allows users to create, share, and play games with others. Users can design their own games and experiences, which fosters a vibrant community where casual gamers, content creators, and social enthusiasts can interact. The platform operates on a freemium model, providing free access while generating revenue through in-app purchases for items like avatar customization and premium content. Rec Room encourages long-term engagement by promoting user-generated content and maintaining a community-driven environment. Additionally, it prioritizes safety and inclusivity, featuring a kidSAFE Seal Program certification for its Junior Mode, ensuring a safe space for younger users.

Simplify Jobs

Simplify's Take

What believers are saying

  • Rising interest in VR and AR boosts Rec Room's growth potential.
  • Recent $145M funding round highlights investor confidence in Rec Room's platform.
  • Cross-platform social gaming popularity aligns with Rec Room's community-driven approach.

What critics are saying

  • Competition from platforms like Roblox could impact Rec Room's market share.
  • Regulatory scrutiny on virtual goods may affect Rec Room's revenue model.
  • Evolving VR hardware landscape requires Rec Room to continuously adapt its platform.

What makes Rec Room unique

  • Rec Room emphasizes user-generated content, fostering creativity and engagement.
  • The platform offers a freemium model with monetization through virtual goods and subscriptions.
  • Rec Room prioritizes safety and inclusivity, certified by the kidSAFE Seal Program.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$294M

Above

Industry Average

Funded Over

4 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Flexible Work Hours

Paid Vacation

401(k) Retirement Plan

401(k) Company Match

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

3%

2 year growth

3%
GeekWire
Nov 21st, 2024
Geekwire 200 Update: A New No. 1 Rises To The Top Of Our Startup Rankings

There’s a new name atop the GeekWire 200.Seattle-area sales enablement company Highspot has taken the No. 1 spot on our ranking of privately held technology companies in Seattle and the rest of the Pacific Northwest.Outreach (No. 7), another Seattle sales software startup, previously held the No. 1 slot, but the company has been trimming its workforce, including a 9% layoff earlier this month. Its longtime CEO also recently stepped down.That opened up opportunity for Bellevue, Wash.-based Highspot, which raised $250 million in 2022 and is growing headcount again after laying off staff last year. Highspot was included in a recent Forrester Research report analyzing top revenue enablement platforms.The GeekWire 200, presented by JPMorganChase, provides a snapshot of the region’s robust startup landscape and highlights companies that are gaining traction.The top-ranked companies have changed quite a bit over the years, reflecting the dynamic nature of the fast-moving tech industry.Some startups fall down the list due to workforce reductions

GeekWire
Aug 15th, 2024
Geekwire 200: Latest Update Highlights Hottest Tech Startups Across Seattle And Pacific Northwest

We’re back with another update to the GeekWire 200, our ranking of the top privately held technology startups in Seattle and the rest of the Pacific Northwest.The list provides a snapshot of the region’s robust startup landscape and highlights companies that are gaining traction on their respective industries.The ranking is grounded in both publicly available data — including LinkedIn employee counts, Facebook followers, and Moz domain authority — as well as editorial judgment from the GeekWire news team, based on factors including recent fundings and layoffs, and our own insights from covering the region’s technology startups.Companies founded 15 years ago and beyond are not included, given that they are no longer “startups” based on our parameters.A number of startups moved up the list with our latest update.Chainguard zoomed up to the No. 18 slot after the cybersecurity company raised $140 million and reached a $1.1 billion valuation last month.zoomed up to the No. 18 slot after the cybersecurity company raised $140 million and reached a $1.1 billion valuation last month. Others that recently raised funding to fuel growth — including cybersecurity startup Protect AI (No. 41); e-commerce delivery software startup Pandion (No. 62); and addiction care company Boulder Care (No

GeekWire
Mar 26th, 2024
Next Tech Titan: Motherduck, Rec Room, Statsig, Submittable, Zuper Vie For Pivotal Geekwire Award

Smartsheet CEO Mark Mader accepts the Next Tech Titan award at the GeekWire Awards in 2016. Eight years later, Smartsheet is a publicly traded company valued at more than $5 billion, recently surpassing $1 billion in annualized recurring revenue. (GeekWire File Photo / Kevin Lisota)Which company will be the next tech titan to emerge from the Pacific Northwest?GeekWire’s startup coverage seeks to answer this fundamental question every day, at least implicitly. But once a year, we formalize the process through the Next Tech Titan category in the GeekWire Awards, our annual event recognizing the top innovators and companies in Seattle and the Pacific Northwest.Continue reading for details on each finalist, and a sampling of past Next Tech Titan winners as evidence of the predictive capabilities of this award. Vote here or below in this GeekWire Awards category, which is presented by Baird.And the finalists for Next Tech Titan are … MotherDuck, a serverless data analytics platform built on the open-source platform DuckDB, an in-process online analytical processing database, or OLAP. Its technology makes it simpler for businesses to run analytics on their data, rather than relying on more expensive services from large cloud vendors

Business Wire
Jan 29th, 2024
Seattle-Based Startup Statsig Takes Over San Francisco, Painting The Town Blue, Green, And Creating A Data-Driven Scene

SAN FRANCISCO--(BUSINESS WIRE)--Seattle-based startup Statsig, a leader in the product experimentation space, announced itself to San Francisco in a very noticeable way, reinforcing itself as a key player in revolutionizing how businesses use data to build products. Founded in 2021 by former Facebook engineers, Statsig has quickly risen to prominence by empowering companies of all sizes to harness Big Tech-level product development tools. With its advanced feature flagging tools, automated A/B testing, and integrated product analytics, Statsig is democratizing access to world-class product development tools. With its latest brand takeover in the heart of San Francisco, Statsig is hard to miss—and it’s a company that shouldn’t be. With customers like Atlassian, Notion, OfferUp, WhatNot, and over 3,000 self-service customers, Statsig helps tech companies of all sizes build a culture of experimentation. The company’s integrated toolkit - which includes experimentation, feature flags, and product analytics - is set to transform the landscape of tech development

GeekWire
Jan 26th, 2024
Geekwire 200 Shakeup Reveals Major Shifts In Seattle And Pacific Nw Startup Landscape

Coverage of the GeekWire 200 , our quarterly ranking of Pacific Northwest tech startups. See the latest GeekWire 200 ranking .GeekWire Illustration / Canva Pro ImageA new wave of startups is transforming the technology community in the Seattle area and the surrounding region, fueled by breakthroughs in artificial intelligence, health, energy, and other emerging technologies.That’s the takeaway from one of the biggest updates in the 11-year history of the GeekWire 200, our quarterly ranking of the top privately held technology startups in Seattle and the rest of the Pacific Northwest.See the full GeekWire 200 ranking for Q1 2024.More than 70 companies, or 35%, are completely new to the GeekWire 200 in this latest update, reflecting the dynamic nature of the industry and changes in our method for calculating the ranking (details below).Companies moving into the top 10 for the first time include Place (#4), the business-to-business real estate services and technology platform backed by Goldman Sachs and other investors; and Rec Room (#9), the popular virtual reality community that has cemented its place as a leading app on multiple VR platforms.Several companies graduated from the GeekWire 200 by reaching their 15th birthdays, which makes them no longer “startups” by our parameters. They include social media management company Hootsuite and contract technology company Icertis, previously #1 and #2, respectively, which cleared the way for sales automation startup Outreach to claim the top spot.Startups appearing on the GeekWire 200 for the first time reflect hot industries such as robotics and drones (Agility Robotics, #13; Brinc, #76); developer tools (Temporal, #66; Statsig, #74); cybersecurity (Chainguard #111; Vouched, #135), and health and life sciences (Parse #110; Ozette, #159).And like everything else in the tech world, the GeekWire 200 is being transformed by AI and machine learning. Many of the companies making their debut on the GeekWire 200 are developing or significantly leveraging AI. Among them:Falkon (#140), AI-driven sales and marketing recommendations.(#140), AI-driven sales and marketing recommendations. Aigen (#142), AI-powered robots that target weeds in agriculture.(#142), AI-powered robots that target weeds in agriculture

Recently Posted Jobs

Sign up to get curated job recommendations

There are no jobs for Rec Room right now.

Find jobs on Simplify and start your career today

💡
Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →