zVentures was announced at TechCrunch’s Disrupt San Francisco on Monday
Singaporean gaming hardware company Razer announced the launch of a new US$30 million fund at TechCrunch’s Disrupt San Francisco on Monday.
Based in San Francisco and Singapore, zVentures’s primary goal will be to fund IoT, VR/AR, big data analytics, robotics and Android gaming platforms. It is also looking to bolster supply chain management and sales and marketing tech.
It will be focussing on early stage startups, and issue investments ranging from US$100,000 to US$1 million. At the conference, CEO Min-Liang Teo said that the fund has already made investments, and it is exploring deals in e-commerce, gaming and VR.
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The fund’s purpose is to build and grow companies that Razer will be working in tandem with in order to strengthen its business model as it scales. Funded startups will have access to over 20 million users in Razer’s database, as well as its engineering and distribution network.
Earlier this year, Razer launched a US$5 million fund to attract developers to build software for the Open Source Virtual Reality (OSVR) platform. It also launched another US$5 million fund to boost Android games development when it acquired Android gaming platform Ouya last year.
Launched in 1998, Razer has raised over US$125 million and is valued at over US$1 billion.
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