Razer launches $20 million fund for virtual and augmented reality startups
Razer co-founder and CEO Min-Liang Tan still considers his tech company a startup, even with over 1,000 employees spread across 10 global cities. He believes that puts Razer in a good position to help much smaller startups in e-sports, virtual reality (VR), augmented reality (AR), robotics, and gaming connect with Razer’s massive audience. Accordingly, Razer used TechCrunch Disrupt in San Francisco to launch Zventures, a $20 million investment fund that’s officially open today here for any company to pitch.
Tan told Digital Trends that Razer will invest anywhere from $100,000 to $1 million in companies across key growth areas, including the Internet of Things, e-sports, VR and AR, software (both gaming and gaming tools), robotics (including drones) and manufacturing and engineering.
Razer has its own virtual reality headsets, the OSVR Hacker Development Kit, available to both developers and consumers.
“We have one of the largest active user bases in the world specifically targeted at the gamer community, which tends to be very tech savvy and are technology evangelists,” Tan said. “Most of the new technology that’s been introduced recently, like motion sensing and VR, have grown from roots in the gaming community. We can introduce this audience to the startups we work with.”
See the full story here: https://www.yahoo.com/tech/razer-launches-20-million-fund-172426051.html