Rec Room raises $100M, becomes $1.25B Seattle unicorn after pandemic-fueled 566% revenue surge

Seattle-based social gaming startup Rec Room raised $100 million at a $1.25 billion valuation after explosive growth during the COVID-19 pandemic, driven by 15 million lifetime users and a 566% year-over-year revenue increase. The five-year-old company offers cross-platform tools for creating virtual rooms and games, has over 2 million creators, isn’t yet profitable, and plans an Android launch later this year.