Drake and Scooter Braun become co-owners of 100 Thieves after Series A funding round

The organization recently closed out a series A funding investment.

Photo via Riot Games

North American esports organization 100 Thieves has announced today that it has completed its Series A funding round, which was co-led by the founder of media company SB Projects, Scooter Braun, and artist Drake.

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The deal will see the duo become co-owners of 100 Thieves and Braun will also join the company’s board. Also included in the funding round are investment companies Sequoia Capital, WondrCo, and more.

“[Matt “Nadeshot” Haag] has a clear vision for where esports is going and how to build an amazing brand within it,” Braun said. “That’s why I wanted to bet on him and 100 Thieves,”

When combined with last year’s funding, 100 Thieves now has “
$25 million in total funding” according to Forbes. Most of the money will go towards building out the company’s content team and expanding its line of apparel.

100 Thieves are a relatively new organization in the esports scene that received a multimillion-dollar investment from the Cleveland Cavaliers and Quicken Loans owner, Dan Gilbert, late last year. Since then , the organization has gone on to have teams competing in League of Legends, Fortnite, and Call of Duty.

H/T Forbes

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Adam Newell
Assigning Editor. In 2015, Adam graduated from the University of Aberystwyth with a bachelor's in Media and Communications. Working in the industry for over ten years. If it has anything to do with Nintendo and Pokémon chances are you will see me talking about it, covering, and likely not sleeping while playing it.