Atlanta, GA – February 6th, 2017 – Scuf Gaming® (“SCUF”), global leader and innovator in esports, providing tactical gear for elite gamers and gaming enthusiasts, announced today that it has received strategic investment from H.I.G. Growth Partners (“H.I.G.”), the dedicated growth capital investment affiliate of H.I.G. Capital.
Since its founding in 2011, SCUF has created the high-performance, customized console controller category, while also increasing hand-use and improving controller ergonomics. SCUF has brought numerous innovations to the gaming and esports market that meaningfully enhance performance. The Company’s controllers are best-in-class, and 90% of professional gamers use SCUF products in major esports tournaments, which has helped the Company build a tremendous social following.
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.”
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 the capital and strategic resources necessary to continue to grow our distribution presence, product assortment and the SCUF brand.”
About H.I.G. Growth Partners
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm with $21 billion of equity capital under management. We seek to make both majority and minority investments in strong, growth oriented businesses located throughout North America, South America and Europe. We will invest $5 million to $30 million in equity in a given company and target investments in profitable growth oriented businesses with between $10 million and $100 million in revenues. We consider investments across all industries, but focus on certain high-growth sectors where H.I.G. has extensive in-house expertise such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. H.I.G. Growth Partners strives to work closely with our management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at www.HIGgrowth.com.
About Scuf Gaming
Scuf Gaming® is a global leader and innovator in esports, providing tactical gear for elite gamers and gaming enthusiasts. Selling high-end accessories and customized gaming controllers for PC and Console, SCUF offers a number of functional and design features custom built to increase hand use and improve gameplay. Built to specification, SCUF controllers cater to professional and enthusiast gamers who are looking for that edge and recognize that one size does not fit all. The primary focus for SCUF controllers are the functional features, which go toward improving your game, allowing you to reduce latency and use more of your hand in a safe and ergonomic way. The SCUF controller has features, which are covered by utility and design patents protecting 3 key areas of a controller: back control functions and handles, trigger control mechanisms and thumbstick control area. SCUF is the official controller partner of major gaming leagues, CWL, MLG, ESL, Gfinity, EGL and UMG.