Gaming hardware company Razer raises US$50M from China fund
December 22, 2011 by Terence LEE
Razer, a US-based gaming hardware company, has raised US$50M from IDG-ACCEL’s China Capital Fund, reported TechCrunch. One of Razer’s founders, Tan Min-Liang, is born in Singapore and was formally a technology lawyer in the country.
The company, which was self-funded until now, is well known for producing high-end gaming devices like mice and keyboards. More recently, they’ve explored even more specialized peripherals and partnerships with game titles. Razer will commit the funds to produce more complete gaming machines, which require intensive R&D in user interfaces and systems.
The investment gives IDG-Accel a minority stake in Razer and a seat in its board. The investment by the China fund indicates Razer’s commitment to the Chinese gaming market, seen by some as the fastest growing in the world.
Singapore gaming companies are also making a push into China. Time Voyager is in the midst of finetuning its new MMORPG, which will launch sometime next year. Several made-in-Singapore titles have also made their way into the China market through the Singapore Game Box, although it is unclear how their reception has been.
About The Author
Terence LEE - Assistant Editor
Terence is an online media nut that is obsessed with writing and publishing for the Internet. Recently, he took up photography to expand his repertoire, and hopes to learn videography soon. He has worked in both online and print publications such as The Straits Times, Today, Mind Your Body, The Online Citizen, and Funkygrad. In 2010, he co-founded New Nation, a current affairs online magazine for young adults with a couple of like-minded folks. Terence can be found on LinkedIn and Twitter.
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