Rec Room, headquartered in United States, remains privately held in the video games (virtual reality game creation platform) space. Investors last valued the company at $3.5B. Its shares do not trade on a public exchange.
2 valuations. The latest, $3.5B post-money, was set by the Growth round in Dec 2021.
Coatue ManagementLEADSSequoia CapitalLEAD
Index VenturesLEADMMadrona Venture GroupLEADSSequoiaCoatue ManagementSequoia CapitalIndex VenturesMadrona Venture GroupRec Room Inc., originally founded as Against Gravity Corp in April 2016 by Nicholas Fajt, Cameron Brown, Dan Kroymann, Bilal Orhan, Josh Wehrly and John Bevis, built the Rec Room virtual reality game creation platform from its base in Seattle. Players used tools such as the Maker Pen to build games and worlds, called Rooms, and played across PlayStation, Xbox, Nintendo Switch, Meta Quest headsets, PC and mobile devices, reaching a reported valuation of $3.5 billion.
On June 1, 2026, Rec Room ceased operations and shut down all its game servers, citing an inability to reach sustainable profitability.
Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Rec Room.
Often trade at a premium or discount to NAV.
Platforms match existing holders with buyers. Rec Room availability at any moment is set by the holders.
High minimums, transfer approval, company right-of-first-refusal.
Valuations, rounds and IPO status for every company in the directory — Rec Room included.
The last valuation is $3.5B.
Lead investors for each round are in the funding timeline.
The closest video games (virtual reality game creation platform) peers are on the competitors page.
The routes section explains what is realistically available for a company at this stage.
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