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.”