Razer raises $50 million in new funding round

Razer is closing out the year with a new announcement but this time the PC and video game peripheral maker isn't revealing a new product. In a press release this week, the company revealed that it has now raised $50 million in its first round of venture capital funding. IDG-Accel China Capital Fund was the leading source of the new funding which gives it a minority stake in Razer and a seat on the company's board of directors.

Razer has a little bit of fun in its press release stating that the $50 million will be used "to invest in technology, expand and innovate on its portfolio of designs and to pay for the video gaming habits of the management and staff, though not necessarily in that order."

The company has had a busy year as it released a number of gaming PC mice, keyboards and headsets, including some based on Battlefield 3. It also shipped its motion control-based PC game controller, the Razer Hydra, with custom levels for Portal 2. In August it announced its first gaming PC notebook, the Razer Blade, which has its Switchblade user interface that the company revealed at CES 2011. The Razer Blade was originally supposed to be released by the end of 2011 but as we reported earlier this week the notebook will now be coming out in mid-to-late Janaury 2012.

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....and to pay for the video gaming habits of the management and staff....
nice! I hope they mean that. I love jobs with cool perks, even if i don't work there.

I said the same thing about the Razer Carcharias that I have now. It "seamed" kinda poor quality at the time. After having it for over a year now and not ever having any issues with it (even with packing it around in a bag that gets thrown around in a plane 4 times) I have to change my mind on that. No other headset I've had has lasted this long for what I do with it. I had 3 sets of Logitech headsets before this one and all of them gave out within the first 2-3 months (sound would mess up mic would stop working) so far after a year not 1 single issue with my rzr headset and I love it.

Also have a Razer Naga Epic and so far no issues love my Razer gear.

Im a Logitech fanboy and have always stuck to Logitech over the years for my PC peripherals, MX-510, then a MX518 and now a G500 + G15.

HOWEVER, I recently bought a Razer Onza for my Xbox 360 and it is absolutely one of the best peripherals ive bought for the 360. Its got a great set of features, but the quality of the product is abit poor and will probably brake at some point.

Im happy see hear they have this funding, maybe now they can concentrate on the quality more.

WarioTBH said,
Im a Logitech fanboy and have always stuck to Logitech over the years for my PC peripherals, MX-510, then a MX518 and now a G500 + G15.

HOWEVER, I recently bought a Razer Onza for my Xbox 360 and it is absolutely one of the best peripherals ive bought for the 360. Its got a great set of features, but the quality of the product is abit poor and will probably brake at some point.

Im happy see hear they have this funding, maybe now they can concentrate on the quality more.

I agree, their products are generally really good technically but the build quality is lacking most of the time. I bought a deathadder a long time ago and within the first year I had to get two replacements; although to Razer/Amazon's credit, I got the replacements within 1-2 days of asking for it, and just had to send the broken ones back in original packaging. The latest one has lasted me for 2 years and is still going strong.

Good for them. I own some of their products. Although they need to increase the durability of their products. The design and quality of experience i get is pretty nice for the price.

I will continue to buy from them if they keep releasing different products from the market.
Also cant wait to see their new Notebook in action!