Electronic Equipment | San Francisco, CA | Late Stage
Razer, the developer of a hardware and software platform for gamers, has raised new financing in the $50 million to $100 million range, according to TechCrunch. The gaming company was valued at a reported $1.5 billion with a $75 million financing last February. The company has also announced a strategic alliance with mobile phone carrier Three, in which the two organizations will sell co-branded mobile devices. Li Ka-shing, the owner of Three parent company CK Hutchison, is also behind the new funding; his VC firm, Horizons Ventures, will reportedly take a stake in Razer.