Irvine-based Razer Inc. sold a 5% stake in the gaming technology company for $75 million to China-based LianLuo, an affiliate of Hangzhou Liaison Interactive Technology, news reports and Hangzhou said. LianLuo was formerly known as Digital Grid.
The investment is part of a larger Series C fundraising round by Razer; the other investors and the total amount raised weren’t disclosed.
Razer began in the late 1990s as a maker of computer gaming peripherals such as mouse controllers and keyboards, added gaming-optimized consoles and laptops, and recently began to delve into virtual reality devices and wearables, according to TechCrunch.
Razer swung to a $9 million loss in the year ended September 2015, from a $26 million profit in fiscal year 2014, TechCrunch reported, due to investments in developing those new devices, and it said the latest round of funding would further work by Razer in new product areas.
The gaming company has raised at least $125 million in the last five years, excluding an investment by Intel Capital in Santa Clara two years ago, the value of which hasn’t been disclosed.
