REUTERS - Social gaming platform Rec Room fetched a valuation of $3.5B after raising $145M in a funding round led by hedge fund Coatue Management, riding on the pandemic-fueled boom in digital entertainment. The Seattle-based company, which allows users to create customizable and interactive gaming rooms, said it currently had ~37M people on its platform. It added that the number of MAU had surged by ~450% since Nov 2020.
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