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.

Previous Story
Google's new Christmas logo is musical
Next Story
LG Fantasy phone leaks into the wild