Esports team 100 Thieves has raised $60 million at a valuation of $460 million following a Series C funding round.
The funding round was led by Green Bay Ventures and was attended by existing and new investors, including Aglaé Ventures, Breyer Capital, Willoughby Capital. In addition, the firm’s revenue grew 111% year over year, making it one of the fastest-growing esports teams.
100 Thieves will use the investment to support the growth of esports and entertainment and the realization of new business and acquisitions in the industry.
Matthew ‘Nadeshot’ Haag, the 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.”
This investment continues the Series B funding round in 2019, where the team raised $35 million to build a 15,000-square-foot headquarters in Los Angeles.
Anthony Schiller, the Managing Director of Green Bay Ventures, added:
“100 Thieves has proven time and again over the past four years that it’s unlike any other company in gaming, sports, or entertainment. Their ambitious vision and ability to execute gave us the conviction that 100 Thieves is going to be the most important company in gaming culture over the next decade.”