informa
1 min read
News

Rec Room dev Against Gravity secures $24 million in funding

Rec Room developer Against Gravity has secured $24 million in funding across two rounds.

Newsbrief: Rec Room developer Against Gravity has secured $24 million in funding across two rounds.

According to TechCrunch, that makes for $29 million raised by the VR developer to date, and comes as the studio is looking to pursue more monetization options in the social game as well.

“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,” Against Gravity CEO Nick Fajt tells TechCrunch. “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.”

That $24 million in funding was brought in across a Series A led by Sequoia and a Series B led by Index Ventures, though the company wouldn’t specify the size of each individual round. Investors like First Round Captial, Maveron, Anorak Ventures, Acequia Capital, Betaworks, and DAG Ventures also contributed in those funding rounds as well.

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more