Razer, the leading lifestyle brand for gamers, has announced the launch of the Razer Green Fund and a seed investment into The Nurturing Co. sustainable product start-up in time for Earth Day.
The news follows up Razer's 10-year sustainability roadmap that it announced in March 2021 as a part of its #GoGreenWith Razer initiative, which outlines its goal of using 100% Renewable Energy by 2025, and striving for 100% Carbon Neutrality by 2030.
Through the $50 million USD Razer Green Fund, which is managed by zVentures, the brand will offer support to start-ups that are dedicated to sustainability. With this move, Razer hopes to give green businesses opportunities to make positive change and lead a more sustainable future.
Sustainable Start-Up Funds
The $50 Million USD Razer Green Fund Supports Green Businesses
Trend Themes
1. Sustainable Start-ups - The Razer Green Fund creates a trend of supporting businesses dedicated to sustainability.
2. Green Investing - The Razer Green Fund sets a trend of investing in companies focused on environmentally-friendly products and practices.
3. Corporate Sustainability Roadmaps - Razer's 10-year sustainability roadmap sets a trend for corporations to create comprehensive sustainability goals.
Industry Implications
1. Venture Capital - The Razer Green Fund creates opportunities for venture capitalists to invest in sustainable businesses.
2. Sustainable Products - The Nurturing Co.'s seed investment from the Razer Green Fund shows opportunities for growth in the sustainable products industry.
3. Gaming Industry - Razer's commitment to sustainability sets a precedent for the gaming industry to prioritize environmentally-friendly practices.