Tuesday, January 18, 2022
Home Teams 100 Thieves Secures $60m Funding Round

100 Thieves Secures $60m Funding Round

North American esports organization 100 Thieves has raised $60m (£45m) from its Series C financing round.

The financing round was led by Green Bay Ventures with support from existing and new investors such as Breyer Capital, Aglae Ventures, Tao Capital, and Willoughby Capital, among others. According to the release, the investment sees 100 Thieves have a value of around $460m (~£345.5m).

The financial round follows a successful series B round from 2019 when the company raised $35m. 100 Thieves currently fields teams in a number of esports titles such as VALORANT and League of Legends. Moreover, the organisation also has a content creation team that includes the likes of streamers and co-owners Rachell ‘Valkyrae’ Hofstetter and Jack ‘CouRage’ Dunlop.

Regarding the funding round, Matthew ‘Nadeshot’ Haag, Founder and CEO of 100 Thieves, commented: “Our performance in 2021 exceeded all of my expectations. We have delivered on our core promise of elevating gaming culture while building a strong business and brand for the long term.

“100 Thieves now has the capital to launch and acquire new companies that I know our community will love.”

The news comes after a fruitful year for 100 Thieves, which includes partnerships with Lil Nas X and Lexus as well as acquiring peripheral brand Higround. The company noted in a release that the financial injection will be used to ‘support the rapid growth of 100 Thieves core esports, entertainment, and apparel businesses’ as well as helping launch new businesses.

Source: Esports Insider

_______________________

About Skyhigh.Vip  

Skyhigh.Vip is a global institutional investor with a vast interest in Arts / Construction / Education / Business Services / E-Sports and various other growth industries.  

Several of its popular portfolios include GO Chambers which is the world’s largest business chamber listing provider with over 30,000 active chambers as its members.  

Flexgigzz is the Asia leading marketplace for freelancers service and together with SOHO Learning Hub which is an online platform for short courses and both of them aims to be the number one provider in Asia. For growth industries such as E-Sport Authority which is dedicated to providing independent media coverage to all E-Sport News related from around the world and for the art world, there is Atelier Auction which is an investable art auctioneer and being in the art scene for decades.

- Advertisment -

Most Popular

CouRage Explains What “Killed” His Love for CoD Multiplayer

Popular Call of Duty content creator CouRage revealed the main reason his love for CoD Multiplayer was “killed.” CouRage has given fans the reason why...

No Bounty Hunter disqualified from Western Europe DPC League

No Bounty Hunter will have to go through open qualifiers for a spot in the Spring Tour Division II of the Dota Pro Circuit. DreamLeague,...

Is Teenage Mutant Ninja Turtles Crossover Coming in Fortnite?

Is Teenage Mutant Ninja Turtles Crossover Coming in Fortnite?. After the massive debut of Chapter 3 and Winterfest delivering us Spider-Man content in December, there...

Ranking the top 5 top laners competing in LEC 2022

Following the most recent offseason, the battle for the best of the top laners are at its most exciting in years. All the great...

FunPlus Phoenix sign former Gen.G jungler Clid ahead of 2022 LPL season

FunPlus Phoenix have added another weapon to their arsenal ahead of the 2022 LPL season. Former Gen.G jungler Kim "Clid" Tae-min has signed with...

Valorant Game Director Joe Ziegler Leaves His Role to Work On ‘Something New’

In a recent announcement on December 30th, Ziegler confirmed that he’d no longer be a part of the Valorant dev team. Valorant is undoubtedly one of the...

LCK Spring Split 2022: Check out the final rosters of all the teams

LCK Spring Split 2022: Finals Rosters of all the participating teams. After the off-season, fans will be able to witness the competitive scene of League...

The Crazy Raccoon Valorant Roster Have Been Released – What Are The Most Likely New Hires?

Crazy Raccoon Valorant roster has been entirely released this week, even letting go of their main coach. Once the game found its feet, and...

Season 1 of CoD: Vanguard Controller Settings

Here are the best controller settings for Call of Duty: Vanguard to help you maximize your accuracy, movement, and aim assist. Call of Duty: Vanguard...