H.I.G. Growth Partners Completes Strategic Investment in SCUF Gaming

H.I.G. Growth Partners Completes Strategic Investment in SCUF Gaming
06.02.2017 12:15 pm

H.I.G. Growth Partners Completes Strategic Investment in SCUF Gaming

Investment

H.I.G. Growth Partners (“H.I.G.”), the dedicated growth capital investment affiliate of H.I.G. Capital, announced that it has completed a strategic investment in SCUF Gaming (“SCUF” or the “Company”), the leading designer, manufacturer, and e-commerce platform for sales of advanced feature, customized gaming controllers and accessories for use on PlayStation, Xbox and PC.

Headquartered outside Atlanta, Georgia, SCUF created the high-performance, customized console controller category, by challenging and redefining the way gamers use their hands. Inventing many features to increase hand use, improve controller ergonomics and enhance performance, SCUF is about improving the user experience. Since its founding in 2011, SCUF has brought numerous innovations to the gaming and esports market and has 29 patents with another 68 pending. The Company’s controllers and accessories are best-in-class, with 90% of professional gamers using SCUF products in major console esports tournaments, which has helped SCUF build a tremendous social following.

Founder and CEO Duncan Ironmonger said, “We are very excited about this partnership with H.I.G. and the shared vision we have for the next stage of SCUF’s growth. H.I.G.’s investment will provide us with the capital and strategic resources necessary to continue to grow our product assortment and distribution presence and further elevate the SCUF brand.”

John Kim, a Managing Director with H.I.G. Growth Partners, commented, “SCUF is the market leader in advanced feature gaming controllers with an unmatched intellectual property portfolio. We are excited to partner with Duncan and the entire SCUF team to continue the Company’s strong, profitable growth trajectory, further develop the SCUF brand, and introduce SCUF’s products to an even greater audience of consumers.”

Related News

CoinDCX announces US$2.5 million strategic investment from Polychain Capital and Coinbase Ventures

CoinDCX, India’s largest and safest cryptocurrency exchange, has announced that... Read more »

Freetrade closes £7m crowdfunding round that defies Covid-19 lockdown

Freetrade, the smart app that makes investing easy for everyone, has defied the Covid-19 lockdown to raise £7m from more... Read more »

Freetrade raises over £4.5m in biggest equity crowdfund of 2020

Following 500% growth in the past 12 months, Freetrade, the smart app that makes investing easy for everyone, has raised £4.5m from more than 5,000 people in just four hours.... Read more »

Envelop Risk Announces Completion of Series A financing led by Alpha Intelligence Capital

Envelop Risk, the leading data-driven underwriting and risk analytics business, today announced a Series A investment... Read more »

Bitcoin halving to attract more investment, says eToro's Simon Peters

Bitcoin, the world’s best known and arguably most successful crypto, will undergo a halving on the 12th May.

According to Simon Peters, analyst at investment platform... Read more »

TransFICC Secures New Investment From AlbionVC, ING Ventures and HSBC

TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has closed its Series A investment round for £5.... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel