Corsair, the Silicon Valley firm that makes hardware for PC gaming enthusiasts, raises $75m

Corsair, the Silicon Valley firm that makes hardware for PC gaming enthusiasts, raises $75m

Corsair Components (Corsair), the privately-held Silicon Valley hardware firm that supplies PC gamers with custom, pre-assembled systems or the necessary components to build their own powerful PCs, has raised approximately $75 million in a ‘strategic investment’ round from private equity firm Francisco Partners.

In a statement, Corsair says Francisco Partners will partner with CEO Andy Paul and the rest of the management team to “further strengthen Corsair’s market-leading position among PC gaming enthusiasts”.

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Paul and the management team will maintain a “substantial” equity interest in the company, which boasts more than $500 million in annual revenue. The detailed deal terms were not disclosed.

Founded in 1994, Corsair supplies PC gaming components and peripherals, including power supply units, memory, gaming mice, keyboards and headsets, CPU cooling kits and customized PC cases.

The fresh cash will help Corsair expand into related adjacent product categories and geographies, according to the statement.

Image credit: Thinkstock

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