We've received your submission.Drake’s esports franchise, 100 Thieves, just raised another heap of cash from investors — and boosted its value by nearly 40% in less than a year.The fast-fingered team of video game prodigies has completed a $25 million fundraising round that was oversubscribed, valuing the team at $125 million, a source with direct knowledge of the situation said.The new valuation is up sharply from last October, when 100 Thieves’ inaugural funding round reportedly valued it at $90 million.Investors in the earlier round included Justin Bieber manager Scooter Braun, Silicon Valley tycoon Marc Benioff and Cleveland Cavaliers owner Dan Gilbert.“It’s not a surprise,” a source in the esports space said of 100 Thieves’ meteoric rise in value. The team, which already sells apparel and has launched its own streaming shows, wants to register in a new Activision “Call of Duty” esports league that launches next year, a source said.Teams that enter that league pay a roughly $25 million initiation fee, two sources said.If it joins the league, 100 Thieves would be the second official Los Angeles team and could start holding events at LA-area arenas, increasing its popularity. In building 100 Thieves, he wants to enable his players to do the same for themselves—a skill he hopes to learn from his new co-owner, Braun.“He’s really defined pop culture with the clients that he’s worked with and helped their careers over the last decade, and for us, it’s just unbelievable to be able to tap into that wisdom and that knowledge,” Haag saysPart of that focus is building out its team. Oh, and last October, Drake jumped on board as 100 Thieves’ most famous co-owner. Drake had already partnered with 100 Thieves on the gaming stations following him on his tour for Scorpion, and there have been clothing collaborations in … The company does design and production in-house, and all four of its apparel drops thus far have sold out in less than 20 minutes.“He has a clear vision for where esports is going and how to build an amazing brand within it, and that’s why I wanted to bet on him and 100 Thieves,” Scooter Braun says.Haag himself has built up his own personal brand as Nadeshot, with 3.1 million followers on YouTube and 2.4 million on Twitter. Sorry, your blog cannot share posts by email. Would you like to receive desktop browser notifications about breaking news and other major stories?

Scientists find ingredient that can kill COVID-19 in an unlikely placeNorth Korea releases new Kim Jong Un photos amid reports he's in a comaTeen charged in fatal shooting of 2 Kenosha protestersWild videos capture tense moment leading up to deadly Kenosha shootingsSavage violence caught on camera as man fatally shot amid Wisconsin clashes100 Thieves team members Ian "Enable" Wyatt (left) and Preston "Priestahh" Greiner are mobbed by supporters as they arrive for final of Call of Duty World League on June 16.De Blasio's inability to make a decision could be death knell for NYC restaurantsTikTok CEO Kevin Mayer quits after Trump threatens to ban appCelebrities congratulate Katy Perry, Orlando Bloom on baby girl Daisy DoveCelebrities congratulate Katy Perry, Orlando Bloom on baby girl Daisy Dove50 Cent talks cancel culture and Kanye West’s election ‘tampering’50 Cent talks cancel culture and Kanye West’s election ‘tampering’ Included in the round is Sequoia Capital, WondrCo, Marc Benioff, Drew Houston, Green Bay Ventures, Tao Capital and Advancit Capital.Along with last year’s investment, 100 Thieves now has $25 million in total funding, and the new influx of capital will go toward building out its content team, acquiring new talent and continuing to expand its apparel line.What attracted Braun and Drake was Haag’s broader scope for the organization.

II cover breaking news and also report on the video game industry. 100 Thieves announced Tuesday that it completed its Series A funding round, which was co-led by SB Projects founder Scooter Braun and Grammy-winning artist Drake, who both become co … They are selecting teams in which they have confidence.”Professional gamer Matthew Haag, also known as Nadeshot, is the founder and chief executive of 100 Thieves. I also managed a YouTube gaming channel under the name strummerdood. In support of our global community, all profits from this sale will be donated to support coronavirus relief. It was one of the new teams buying into the North American region of 100 Thieves currently has 12 operational employees plus 35 players and coaches, but with the investment, the team is looking to add 10 people for its content team and to acquire more talent—like the recent signing of its With Gilbert advising from the sports side and Braun and Drake from the side of entertainment, 100 Thieves’ president and COO John Robinson, believes they’ve “put together a dream team of collaborators.”I cover breaking news and also report on the video game industry.

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