Razer, the US-based gaming peripherals company founded by Singaporean Tan Min-Liang, is getting into funding. Whilst technically still a start-up, the company has recently announced the launch of its venture capitalist arm. Called zVentures, this fund will operate out of San Francisco and Singapore. Worth S$41million, this fund could be what is needed to help the next wave of VR startups.
zVentures’s aim and targets
Tan, speaking at TechCrunch Disrupt, explains the thinking behind the launch of zVentures. “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.”
VR-Zone checked the fine print on the zVenture’s website. It’s made very clear that this is aimed at enriching Razer’s hardware and software lineup. Feeding into Razer’s existing distribution network and connections is a definite leg-up that many start-ups would benefit a great deal from. However, this could potentially limit future expansion.
What does zVentures Offer?
Razer is targeting several potential areas that they feel will enrich their brand. In particular, VR and Ar are mentioned, but so is the Internet of Things (IoT), eSports and Robotics. Razer says that they have already made some investments, but have not disclosed any hard details. However, details on which ventures have received Razer funding should come over the course of the year.
Deal Street Asia has given some details about what ventures can expect to get when receiving funding from zVentures. Projects in the early stage of development are supposed to be the intended target. Funding will apparently range from S$137,000 to S$1.37million per startup. Furthermore, startups who could provide solutions to corporate issues such as supply-chain management and sales are being courted as well.
Details surrounding zVentures were released alongside the announcement that Razer has plans to go public sometime in the future. This would suggest that they are not only trying to expand their product range, but also develop their internal structures for this eventuality. No details as to when Razer will go public, as Tan only said it was a target Razer was aiming for. Just like the first ventures to receive funding from zVentures however, it is likely just a matter of time until more details surface.