Heliconia's backing will boost Secretlab’s research and development initiatives, procurement of supply chain, and ability to attract talent and global partnerships.TEMASEK-OWNED Heliconia Capital Management is taking a minority stake in homegrown gaming chair brand Secretlab, in a deal estimated at S$200 to S$300 million.
Secretlab joins the ranks other young and fast-growing companies backed by Heliconia, which include gaming hardware manufacturer Razer and mixed martial arts company ONE Championship. Heliconia’s mandate is to identify and support Singapore-headquartered companies to become globally competitive companies.
But the team at Heliconia and Temasek changed their minds. “We see this as adding turbos to our engines, and we can’t wait to see where we can journey with them,” said Mr Ang.
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