Singapore: Razer launches $30m fund targeting IoT, VR startups

Visual of Razer portal. November 2015.

Razer, a gaming hardware company producing mice, keyboards and other peripherals optimised for dedicated computer gaming, has launched a $30 million venture fund, zVentures, which will be operate out of San Francisco and Singapore.

This was announced alongside the company’s plans to go eventually go public.  In a statement at TechCrunch Disrupt, CEO and founder Min-Liang Tan explained:  “We’ve considered going public for some time. But the key for us is we want to make sure we’re ready to go public. There’s no reason for us to stay private. But we want to make sure all the corporate governance is address. We want to make sure we’ve crossed the Ts and dotted the Is on pretty much everything.”

Commenting on the launch of the fund, Tan said, “I think our core business is very profitable. But we’ve got some very exciting initiatives that we’re going to double down on.”

With a continued focus on building up sustainable revenue, the launch of zVentures, which will function as Razer’s corporate ventures arm and pursue strategic investments, will focus on sectors such as the Internet of Things (IoT), connected hardware big data analytics, virtual and augmented reality, and robotics among others.

It will also target investments in startup ventures and businesses that are relevant to its product ecosystem, in addition to technologies being developed to address problems in supply chain management, sales and marketing, and other areas. Focusing on early-stage startups, ticket sizes of investments will range from $100,000 to $1 million.

Also Read: Globe Telecom’s new holding firm Global Capital Venture incorporated in PH

Asia Dealbook: Corporate venture funds launched in Russia; MimosaTEK wins Seedstars World contest

Speaking on the launch of the zVentures, Tan explained: “zVentures is a fund for startups, by a startup. Our focus is to bring value by sharing the solutions of our portfolio companies with the Razer community, supporting them with our hardware and software expertise and making available our global retail and distribution networks.”

According to Tan, the fund has already made undisclosed investments in specific ventures, with more investments to come in ventures operating in the VR, e-commerce and gaming sectors.

This fund will concurrently make investments that both support Razer’s community and the growth of its ecosystem, as well as creating an M&A pipeline to fuel future growth and which provides opportunities for strategic investments.

In turn, portfolio firms that are part of the fund will be able to leverage on Razer’s software and hardware expertise, as well as its distribution network.

The corporate VC fund of the unicorn corporation, which is valued at $1.5 billion, also has limited partners (LPs) in the form of the same investors that back Razer. These include investors like Accel, IDG, Temasek’s Heliconia Capital Management, and China’s LianLuo.

Also Read: 

US-based gaming hardware maker Razer closes Series C, valued at $1.5b

Gaming unicorn Razer to launch corporate VC fund next year

Singapore: Temasek unit Heliconia Capital leads investment in ONE Championship

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.