Big capital raising at $2.25bn valuation, comes as the US-based camera company-backed by Steamboat Ventures, the corporate venturing unit of US-based media company Disney, had been touted for an initial public offering this year.
Taiwan-based manufacturer Hon Hai Precision Industry Co, which is known as Foxconn, has invested $200m to take an 8.88% stake in US-based camera company GoPro, valuing the company at $2.25bn.
Terry Gou , Foxconn’s founder and chief executive, will join San Mateo, California-based GoPro’s board.
Nicholas Woodman, GoPro Founder and chief executive, said: “Needless to say, we are over the moon to have Terry Gou and Foxconn join us on our mission to scale GoPro into one of the great…
