Rec Room has raised a fund of $24 million against the gravity in two rounds.
According to a report of TechCrunch, Rec Room, the VR developer has raised a fund of $29 million till date. The studio is also on a mission for more monetization in all the platforms of social media.
CEO Nick Fajt told TechCrunch against Gravity that:
“I think a direction that we’re actually excited about is that we want to let the users creating some of this content charge tokens to play them”, and he also added that “I think that’s one that we’re kind of on the cusp of doing and we’re hoping to get that out later this year.”
“I think a direction that we’re actually excited about is that we want to let the users creating some of this content charge tokens to play them”, and he also added that “I think that’s one that we’re kind of on the cusp of doing and we’re hoping to get that out later this year.”
The funding of £24 million was brought through a Series A which was led by Sequoia and the Index Ventures led the Series B. The company didn’t come up with the exact size of the amount. There were a few investors who contributed to this project like Maveron, Anorak ventures, First Round Capital, Acequia Capital, DAG Ventures and Betaworks. This was the reason for which Rec room has raised the fund in those two rounds.
