Esports Company 100 Thieves Raises $35 Million In Series B

and former pro gamer Matt “Nadeshot” Haag, announced today that it’s closed a $35 million Series B.

The Series B brings the company’s total funding to $60 million. Other investors include Salesforce CEO Marc Benioff, Dropbox CEO Drew Houston and venture firm Sequoia Capital.The fresh capital will go toward a 15,000-square-foot training facility and headquarters in Los Angeles, as well as for expanding into new games and increasing its apparel production.

Settling in as early as this October, the offices will house the company’s staff including players, coaches and content creators, and will serve not just as a production studio and training space, but also as a retail storefront for fans. Unlike many esports companies, 100 Thieves has made its retail arm a significant piece of its overall revenue. All of its seasonal apparel drops have sold out in 20 minutes or less, with each one selling faster and with 50% more product.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Delivery robots headed to 100 college campuses: Entire generation expects robot service, company saysThe University of Pittsburgh recently welcomed both new students and a fleet of new robots to campus. My son is in college. He has never mentioned any expectations of robot servants. They will be kidnapped uh huh. this is gonna last about 6 weeks, until all the robots have been vandalized.
Source: Newsweek - 🏆 468. / 52 Read more »