Gaming giant Razer launches a $50 million sustainability fund, and its first investment is in bamboo toilet paper
Gaminggiant Razerhas launched a $50 million sustainabilityfund to invest in startups.
- Its first seed investment is in The Nurturing Co., owner of
bambootoilet-paper brand Bambooloo.
- Razer, known for making gaming equipment, said average investments would range from $100,000 to $1 million.
Gaming giant Razer has launched a $50 million fund to invest in sustainable startups, starting with bamboo toilet-paper brand Bambooloo, it announced today.
The Razer Green Fund gave its first seed investment from the fund to The Nurturing Co., owner of Bambooloo. The Nurturing Co. will supply the single-use plastic-free
Razer, known for making gaming hardware, says it hopes the fund will encourage its fans to use more sustainable products.The fund is managed through zVentures, Razer's corporate ventures arm, and will focus on investments in renewable energy, sustainable forestry, and carbon and plastic management.
The Nurturing Co., which currently sells products in New Zealand and Malaysia, said the fund would help it launch in other markets, including the US.Razer made more than $1 billion in revenue in 2020 for the first time. Last month, Razer released its ten-year sustainability plan, including a commitment to use 100% renewable energy by 2025.
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