Tuesday, May 24, 2022

100 Thieves raises $ 60 million to help fund Series C.

John Robinson, President and COO of 100 Thieves; and Nadeshot, Founder and CEO.

John Robinson, President and COO of 100 Thieves; and Nadeshot, Founder and CEO. / Photo courtesy 100 Thieves, via Business Wire

100 Thieves raised $ 60 million to close the Series C funding round to valorize the deal at $ 460 million. That’s more than the $ 160 million valuation it received after funding Series B two years ago.

This investment round was led by Green Bay Ventures and supported by new and existing investors including Breyer Capital, Aglae Ventures, Tao Capital, Willoughby Capital and Artist Capital Management. The funds will be used to further expand the brand’s core esports, entertainment and apparel businesses, as well as creating new businesses and making bankroll takeovers.

“I’m incredibly excited about the evaluation, but it doesn’t stop there,” said founder and CEO Matt “Nadeshot” Haag rolled into one Interview with Forbes. “Evaluation is one thing, but delivering results for our investors, our community and our board members in the future is the ultimate goal. We really just want to build the most complete gaming brand the world has ever seen. I think we “We are well on our way to doing this.”

Sales of 100 Thieves for 2021 were according to a. more than double that of 2020 Press release.

“100 Thieves has proven time and again over the past four years that it is no different from any other company in the areas of gaming, sports or entertainment,” said Green Bay Ventures CEO Anthony Schiller in a statement. “Their ambitious vision and ability to deliver convinced us that 100 Thieves will be the premier company in gaming culture for the next decade.”

100 Thieves are currently fielding teams in League of Legends, Fortnite, Valorant, Call of Duty and Apex Legends. It also has 15 content creators for these titles and more creating content under its banner.

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