Dafizeck Bin Daud · · 1 min readGaming chair maker Secretlab secures investment from Temasek’s Heliconia Capital
Singapore gaming chair startup Secretlab has closed an investment deal with Temasek-owned Heliconia Capital Management, its first outside investor since its inception in 2014.
Photo credit: Temasek
The funding values the startup at more than S$200 million, according to a report by Mothership.
Founded by former professional gamers Ian Alexander Ang and Alaric Choo, Secretlab joins Razer and One Championship in a roster of companies backed by Heliconia.
The deal will help the company with its research and development initiatives, procurement of supply chain, hiring, and global partnerships, according to a statement.
Secretlab claims to have seen its sales growing tenfold since it last won the Emerging Enterprise Award two years ago. It has sold over 200,000 chairs to date, with a user base beyond just gamers.
Editing by Charmaine de Lazo
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