Razer Revenue, Valuation, Funding & Investors

Razer is valued at $2B as of May 2017.

See full Razer profile

Last Razer valuation

$2B

Undisclosed stage · May 2017

Last Razer funding round

$75M

Undisclosed stage · May 2017

Razer revenue

$392M

Series C · Feb 2016

Key investors in Razer

  • Horizons Ventures
  • Lianluo

Razer Overview

About Razer

Razer is a Singapore-headquartered designer of gaming peripherals, laptops, and software ecosystems. It manufactures mechanical keyboards, gaming mice, headsets, and the Razer Blade laptop series equipped with high-refresh-rate displays and NVIDIA GPUs. Razer Synapse software enables device customization and cloud-based profiles, while Razer Gold serves as virtual currency for in-game purchases across platforms.


Founded

2005

HQ

United StatesLos Angeles, CA

Website

razer.com

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$392M (Feb 2016)

Valuation

$2B (May 2017)

Razer Valuation

Razer is currently valued at $2B, based on its undisclosed-stage round in May 2017.

The $75M round was led by Horizons Ventures.

Razer's valuation has grown 1.3x from $1.5B at its Series C in February 2016 to $2B in May 2017, across 2 priced rounds.

Razer valuation by funding round

Revenue multiple
Razer valuation by funding round
DateStageValuationRevenue Multiple
May 2017Undisclosed stage$2B-
Feb 2016Series C$1.5B3.8x

Razer Revenue

Razer's latest recorded revenue is $392M, as of its Series C in February 2016. At a $1.5B valuation, that implies a 3.8x revenue multiple.

Razer revenue by funding round

Razer revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2016$392M$1.5B3.8xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Razer Funding History

Razer has raised a total of $150M across 2 funding rounds.

Razer's first fundraising round was a $75M Series C in February 2016. The most recent completed round was a $75M undisclosed-stage round in May 2017.

Razer funding rounds

Razer funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2017Undisclosed stageHorizons Ventures (lead)$75M$2BRazer, a leading developer of gaming peripherals including mice, keyboards, VR wearables, and gaming PCs, secured funding from Horizons Ventures in May 2017, valued at close to $2 billion. The investment amount was confirmed as more than $50 million and less than $100 million, part of a strategy involving a phone joint venture with Three and sales/marketing expansion. This round built on prior funding totaling around $125 million disclosed to date, with earlier valuation at $1.5 billion in 2014 from sources close to the company. Other investors included Accel, IDG, Temasek’s Heliconia Capital Management, and China’s LianLuo. The funding supported Razer's branching into new areas beyond core peripherals, such as social networks for gamers and e-sports cultivation amid 6 billion hours of gameplay in 2016. Horizons Ventures, led by Li Ka-Shing, took a stake aligning with synergies in gaming and consumer electronics. Post-round, Razer pursued further growth, filing for a Hong Kong IPO in June 2017 aiming to raise at least $600 million, followed by a $550 million IPO in late 2017. H1 2017 revenue reached $198 million with losses of $55.5 million, reflecting expansion costs in PCs and marketing, though not directly tied to the VC round metrics.
Feb 2016Series CLianluo (lead)$75M$1.5BRazer is a gaming technology company based in Southern California that manufactures gaming products including joysticks, specialist keyboards, gaming software, and laptops. In February 2016, Razer raised a Series C funding round that valued the company at $1.5 billion. The Digital Grid subsidiary of Chinese IT company Hangzhou Liaison Interactive invested $75 million for a 5% stake in the company, with the funding representing part of a larger Series C round whose total size was not disclosed at the time. This investment underscored Razer's strategic direction toward new gaming technologies and virtual reality. For the fiscal year 2016, Razer reported revenues of $392 million, representing growth from $320 million in 2015 and $315 million in 2014. However, the company was not profitable at the time, posting a net loss of $59.6 million in 2016 after losses of $20.4 million in 2015. The round included backing from established investors including Intel Capital, which had previously invested in Razer at a $1 billion valuation in 2014, as well as Accel and IDG Capital Partners. Razer would subsequently complete its IPO on the Hong Kong stock exchange in October 2017.

Who has invested in Razer?

2 investors have backed Razer across its funding rounds, including Horizons Ventures and Lianluo.

Lead investors include Horizons Ventures and Lianluo.


Razer Investors

Investors in Razer by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Razer

Razer has acquired 6 companies to date.

Last acquisition by Razer was on July 1st 2022. Razer acquired Interhaptics for undisclosed valuation.


Latest Acquisitions by Razer

Interhaptics
Controller Gear
MOL
Nextbit Systems
Description
Interhaptics is a Toulouse-based French software company developing haptic feedback tools for VR, MR, AR, mobile, and console applications. Its platform unifies haptic rendering across devices and manufacturers, enabling creators to design multisensory experiences integrated with Unity and Unreal Engine for gaming and simulation industries.
Controller Gear is a Los Angeles-based designer and retailer of officially licensed gaming accessories for platforms including Nintendo Switch, PlayStation, and Xbox. Its product lineup features wireless controllers, charging docks, protective cases, controller skins, wall mounts, and apparel such as backpacks and hats themed around franchises like Zelda, Mario, and Pokémon. The company sells through its e-commerce site, Amazon, and major retailers like Best Buy and GameStop, with collections for over 50 licensed properties.
MOL Global, Inc. is an e-payment platform listed on NASDAQ as MOLG, connecting consumers to digital content, telecom providers, and online merchants across emerging markets. Headquartered in Kuala Lumpur, Malaysia, it supports payments via a network of over 970,000 physical locations in 11 countries spanning Asia, Latin America, Europe, and Africa. The platform accepts cash deposits, mobile wallets, credit cards from major issuers, and online banking from more than 100 institutions. MOL Global facilitates transactions for gaming, music streaming, and e-commerce, enabling seamless cross-border payments through molglobal.mol.com.
Nextbit Systems is a San Francisco-based mobile technology company known for the Robin smartphone. Launched in 2015, the device featured 100GB cloud storage and adaptive storage management powered by a custom OS. Acquired by Razer in 2016, Nextbit contributed hardware and software innovations to gaming and cloud-centric mobile ecosystems.
HQ CountryFranceUnited StatesMalaysiaUnited States
HQ City
Lille
Los Angeles, CA
Kuala Lumpur
San Francisco, CA
Deal Date1 Jul 20222 Feb 202123 Apr 201830 Jan 2017
Valuationundisclosedundisclosed$100M$15M
EV/Revenue
EV/EBITDA

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Investments by Razer

Razer has invested in 6 companies to date.

Latest investment by Razer was on June 13th 2024. Razer invested in XProtocol in their $5M Seed round.


Latest Investments by Razer

XProtocol
0XVM
Lava Labs
Lambda
Description
XProtocol is an entertainment-focused DePIN ecosystem powering XForge, the first node-operated blockchain smartphone. Launched in 2024 from xprotocol.org, it connects 1.5 million monthly active users across gaming and communication dApps. XProtocol sold over 2,000 XForge devices backed by Saison Capital and Razer, allocating 10 percent of token supply to owners. Partners include Aethir with 25,000 nodes, Animoca Brands, and Huddle01 for decentralized video.
-
Lava Labs is a video game development studio creating multiplayer titles for PC and consoles. The team produces competitive shooters and battle royales, with releases available on Steam and Epic Games Store. Based in Eastern Europe, Lava Labs collaborates with publishers for esports integrations and cross-platform play.
Lambda is a provider of GPU-accelerated cloud and hardware solutions for AI workloads including model training, fine-tuning, inference, and deployment. Its platform offers on-demand NVIDIA A100 and H100 GPU instances, multi-node clusters scaling to thousands of GPUs, pre-configured workstations with RTX GPUs, and a software stack integrating PyTorch, TensorFlow, and Kubernetes. Founded in 2012, the San Francisco-headquartered company serves over 5,000 AI teams worldwide, including researchers from OpenAI and Meta, and delivers clusters with up to 99.9% uptime for enterprise-scale ML pipelines.
HQ CountrySingapore-United KingdomUnited States
HQ City
Singapore
-
Nottingham
San Jose, CA
Deal Date13 Jun 20241 Mar 202417 Mar 202214 Jul 2021
RoundSeedSeries ASeries ASeries A
Raised$5M$5M$10M$15M
InvestorsCogitent Ventures; Dragonfly; Saison Capital; Caballeros Capital; CoinFund; zVentures; Zephyrus Capital; MSA CapitalAncient8; Zentry; W3GG; Huobi Ventures; Adaverse; Good Games Guild; Signum Capital; UOB Venture; Jump Crypto; PathDAO; Ruby CapitalGabby Dizon; Dragonfly; Dapper Labs; Animoca Brands; DeFiance Capital; Nick Chong; Santiago Roel Santos; Beam; Weak Simp Cap; Dialectic; Maven 11 CapitalGeorges Harik; Bloomberg Beta; Fernando Pontaza; Gradient; 1517 Fund; Invariantes Fund
Valuationundisclosed$45M$100Mundisclosed
EV/Revenue
EV/EBITDA

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Razer Competitors

Razer competitors include listed companies like HTC and MSI, and private ones like Royole Corporation, Huami, Lanmi and DJI.

Public and private companies comparable to Razer
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Royole CorporationChinaShenzhenPrivate--$3B-
HTCTaiwanTaiwanPublicly listed$91M$22M$1B6.9x
MSITaiwanTaiwanPublicly listed$7.2B$252M$4.1B0.5x
HuamiChinaBeijingPrivate$41M-$800M19.5x
LanmiChinaDongguanPrivate--$716M-
DJIChinaShenzhenPrivate$1B-$8B8.0x

Razer Public Comps

Razer is still privately-owned, but its public comps include YOOZOO Games, Alpha, Sonos, Embracer Group, Flyco, Shenzhen KTC Technology, DBG Technology Co, Ceconomy, GN Store Nord and XD.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
YOOZOO Games$209M($15M)9.2x9.0x(126.6x)34.0x
Alpha$369M$28M5.2x-67.8x-
Sonos$1.4B$5M1.2x1.1x316.7x9.0x
Embracer Group$1.6B$414M1.0x0.9x3.8x3.9x
Flyco$576M$112M3.1x3.1x16.2x14.7x
Shenzhen KTC Technology$2.2B$55M1.1x1.1x42.7x17.7x
DBG Technology Co$1.3B$152M1.5x1.9x13.7x-
Ceconomy$27B$1B0.1x0.1x2.8x2.1x

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Common questions about Razer

When was Razer founded?Razer was founded in 2005.
Where is Razer headquartered?Razer is headquartered in Los Angeles, CA, United States.
Is Razer publicly listed?No, Razer is a private, VC-backed company.
What is Razer's valuation?Razer was last valued at $2B in its undisclosed-stage round in May 2017.
How much funding has Razer raised?Razer has raised $150M across 2 funding rounds.
What was Razer's last funding round?Razer's last funding round was a $75M undisclosed-stage round in May 2017, led by Horizons Ventures.
Who are Razer's investors?Razer's investors include Lianluo and Horizons Ventures.
What is Razer's revenue?Razer's latest recorded revenue is $392M (February 2016).
What is Razer's revenue multiple?Razer's latest valuation implies a 3.8x revenue multiple ($1.5B valuation on $392M of revenue).
Which companies are comparable to Razer?Companies comparable to Razer include Royole Corporation, HTC, MSI, Huami, Lanmi and DJI.
How many companies has Razer acquired?Razer has acquired 6 companies, including Interhaptics, Controller Gear, MOL, Nextbit Systems and THX.
What was the largest acquisition by Razer?The $100M acquisition of MOL in April 2018 is the largest acquisition Razer has made to date.
How many companies has Razer invested in?Razer has invested in 6 companies, including XProtocol, 0XVM, Lava Labs, Lambda, Supra and SHIELD.
What was Razer's last investment?In June 2024, Razer invested in XProtocol's $5M seed round alongside Cogitent Ventures, Dragonfly, Saison Capital and 5 other investors.

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