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Gaming hardware maker Razer inks $50m from IDG-Accel

21 Dec 2011

US-based gaming hardware maker Razer has secured a $50m tranche of funding led by IDG and Accel Partners, through a joint investment vehicle that targets growth opportunities in China.

The minority investment by IDG-Accel China Capital Fund is the first-ever round of venture capital raised by Razer. Funding to date has been contributed by angel investors as well as through Razer’s global operations. The financing will enable the company to invest in technology, expand and innovate on its portfolio of designs.

Razor is one of the largest gaming hardware brands in the US and Europe and has also been ranked as one of the top technology brands in China, boasting millions of customers globally. The company has strategic partnerships some of China’s largest gaming companies, including Tencent, Shanda, Changyou and Perfect World.

Min-Liang Tan, co-founder and CEO of Razer, said, “We took a long time raising our first venture capital round as games like Battlefield 3 kept us pretty busy recently. More importantly, we took our time selecting an institutional investor as we wanted to find a partner that understood our commitment to gaming and our no-compromise attitude to designing products.”

IDG-Accel China Capital Fund is managed by IDG Technology Venture Investment, a general partnership based in Hong Kong which has been managing IDG’s venture capital funds in China since 1992.

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