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Rec Room
Platform for building and playing games together
- 201-500 employees
- B2C
- Gaming
- Entertainment
- eSports
- Virtual Reality
- Community
- 300 Elliott Avenue W, Suite 450, Seattle, WA 98199
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Company mission
To provide gaming lovers with amazing immersive social, multiplayer, VR, and AR experiences.
Insights
Otta's take
Theo Margolius
COO of Otta
Originally launched as a social hangout for virtual-reality headset users, Rec Room follows in the footsteps of gaming giants Roblox, offering a blend of gaming, social media, and user-generated content. With a teenage target market that is slightly older than Roblox, Rec Room now boasts around 29 million active users.
Like its closest rival, Rec Room also puts an emphasis on content creation, allowing users to create their own virtual rooms and games, and share them with the community. However, whilst other companies have relied on platforms like Facebook to initiate the social aspect of the gaming experience, Rec Room has independently provided a variety of social experiences for both novices and experienced gamers.
The company has recently seen both its user-base and valuation grow exponentially, with the considerable funding raised by the company cited to expand operations and business reach. Rec Room also has aims to experiment with changing avatars to add more personalization, for instance by adding feet, and is investigating further brand partnerships in apparel, music, and other categories, as well as more "game-adjacent" content.
Benefits
- Flexible Work Culture - As a workplace, we're a fun, supportive, high trust culture and offer 100% remote or hybrid opportunities out of our Seattle office. We provide work from home office equipment, support, and furniture reimbursements
- Unlimited Paid Time Off - We want you to be the best version of yourself. We offer unlimited PTO to give our team members the time they need, when they need it
- 401K - Rec Room offers a competitive 401k package with 100% employer matching up to 6%
- Health and Wellness - We offer premium benefits including: Medical, Dental, Orthodontics, Vision, Paid Parental Leave, Life Insurance, Long Term/Short Term Disability, FSA, Family Care, and EAP
- Career Growth and Mentorship - We are growing fast and we make it a priority to invest in the growth and career development of our folks through educational opportunities and mentorship
- Equity - Become a stakeholder in one of Seattle's most exciting Unicorns! We are a privately held company and offer competitive stock options
Company values
- When in doubt, build it - We take a bias towards action. When in doubt, we build it. We value doers over talkers. Playable code speaks louder than any argument.
- Ready, fire, aim, REPEAT! - We ship and iterate constantly. We learn by trying new things and listening to our community.
- It's a small world - We respect our customers. We value long term connections over making a quick buck. No exploitive monetization methods.
Funding (last 2 of 5 rounds)
Dec 2021
$145m
LATE VC
Mar 2021
$100m
LATE VC
$294m
Total funding
This company has top investors
Founders
Nick Fajt
(CEO)They studied at Cornell before working at Microsoft HoloLens, in roles including Principal Program Manager.
Cameron Brown
(CCO)They started their career at Beam Software before roles at Auran, Pandemic Studios, and EA. They also spent 4 years at Microsoft Creative Studios.