Rec Room has developed a gaming platform aimed at constructing a worldwide community for playing and creating games. The company's app enables players to engage in a virtual sports environment while interacting with others in the same virtual space. This facilitates players from across the globe to chat, meet, and socialize with each other using virtual reality as a medium.
Griffin Gaming Partners, Maveron, Cercano Management, Detroit Venture Partners, Charles Fitzgerald, Greycroft, First Round Capital, Acequia Capital, Index Ventures, DAG Ventures, Betaworks Ventures, The Venture Reality Fund, Anarghya Vardhana, Smash Capital, Madrona Venture Group, YB Choi, Anorak Ventures.
Nick Fajt, CEO of Rec Room, is one of the contenders to run the metaverse, the social virtual world has more than 82 million lifetime users.
Rec Room has revealed its latest original game, a Western-styled 3v3 shooter room called Showdown, which launches on August 18.
The social virtual world Rec Room has amassed 75 million lifetime users since 2016, and it paid out more than $1 million for creators in Q1.