Overview
TrueUp
Trajectory Score
46
/100
Company has been shut down
Business
Online gaming
Founded
11 years ago
2016
HQ
Employees
110
Valuation
$3.5 billion
Company type
Private - Venture-Backed
Rec Room is an Online gaming company. It is currently valued at $3.5 billion as a private company. 110 people work at Rec Room. The company was founded in 2016.
Company grid
Employee happiness →
Growth →
🚀
🐢
😊
😟
Jobs
No job info
Financials
Valuation
$3.5billion
Tech Unicorn
Last round - Dec 2021
Latest secondary valuation
$1.0billion
71% from last round
Estimate as of Jul 1, 2026
Data source: Notice.co
Most recent funding
5 years ago
💸 ZIRP-era funding
Total funding
$294 million
Actual value 'created' (valuation - total funding)
+$3.2 billion
Lead Investor - Seed
SequoiaLead Investor - Series A
SequoiaValuation per employee
$31.8 million
TrueUp
Rank
#166
Culture
Employee sentiment
Would recommend company
56%
50+ reviews
Sources: TrueUp, Glassdoor, Blind
Worse than 68% of tech co's
Approve of CEO
Nick Fajt
58%
Sources: TrueUp, Glassdoor, Blind
People
Rankings and awards
Forbes America’s Best Startup Employers #257
2026
Geekwire 200 #49
2026
Forbes America’s Best Startup Employers #209
2025
Geekwire 200 #15
2025
Forbes America’s Best Startup Employers #265
2024
Geekwire 200 #8
2024
Layoffs
Mar 2026 · 3 months ago
100%
Aug 2025 · 10 months ago
141 impacted
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