Coatue Management led a $145m funding round in Rec Room.

Coatue Management, a technology-focused investment manager, led a $145m funding round in Rec Room, a social gaming platform for user generated content, with participation from Sequoia Capital, Index Ventures and Madrona Venture Group. "It's been amazing to watch Rec Room grow from a tiny collection of mini-games into a global platform with millions of experiences built by the community. The platform has become a place where people can come together to form meaningful connections, build communities, and share their creativity. There's still so much more we want to do, and as we head into 2022, we're excited to build more experiences, expand to new platforms, invest in best in class trust and safety systems, and continue to expand our creator tools," Nick Fajt, Rec Room CEO.