Melany M. July 17, 2019
100 Thieves has raised $35 million in Series B funding.
The popular organization closed a new investment round led by New York-based growth investment firm Artist Capital. Chief Investment Officer at Artist Capital Josh Dienstag will join 100 Thieves’ board of directors effective immediately.
100 Thieves is a fairly new organization founded in late 2017 by former Call of Duty professional player Matthew “Nadeshot” Haag. The team started with a League of Legends franchise and quickly expanded to Call of Duty and Fortnite.
“As long-term investors, we believe that 100 thieves has a differentiated approach to esports and gaming,” Dienstag said. “100 thieves has a visionary founder, a best-in-class management team, and premier strategic shareholders. We are very excited to support 100 thieves with the growth capital they need to see their vision through.”
The new investment will allow the organization to continue to grow, starting with a new headquarters space in Los Angeles, California. The 15,000-square-foot facility will house the organization’s teams, content creators, and staff members. It will also double as a retail storefront for future merch drops.
This follows a previous round of Series A funding in 2018 which saw Canadian artist Drake and music agent Scooter Braun become partial owners of the team. To that point, the organization had already raised $25 million in outside investments.
In order to achieve its goals, the organization made two key hirings. Jacob “Maelk” Toft-Andersen was appointed as VP of esports, he will overlook the expansion into other titles. Doug Barber was appointed as VP of brand and apparel. These two executives will contribute to the team’s expansion in the coming years.
100 Thieves is currently competing in the 2019 LCS Summer, the squad is climbing the standings and keeping the playoff dream alive. Six Fortnite players are getting ready to represent 100 Thieves at the Fortnite World Cup finals starting on July 26.