Esports

Nadeshot's 100 Thieves receive new valuation following latest round of funding

by Eli Becht

Share


Matthew 'Nadeshot' Haag's esports organization 100 Thieves is now valued $125 million, making a nearly 40% leap in value in less than a year.

100 Thieves has numerous high-profile investors including rap superstar Drake, music manager Scooter Braun, and Cleveland Cavaliers owner Dan Gilbert, just to name a few.

Going back to October 2018, the team was valued at $90 million coming off the initial round of funding, according to an article by the New York Post.

100 Thieves / Cash App
100 Thieves / Cash App
Nadeshot launched the Nadeshot and CouRage Show when CouRage joined the org.

The new valuation of $125 million shows a meteoric rise for 100 Thieves, something a NY Post source says shouldn't be surprising.

“It’s not a surprise,” the source told the Post. “Investor groups are looking to get involved. They are selecting teams in which they have confidence.”

100 Thieves doesn't plan on stopping here as the team is also eyeing a spot in the Call of Duty World League as a franchise team in Los Angeles.

If they are able to pull this off, they will become the second LA-based CoD team, joining OpTic Gaming in the city.

100 Thieves / Cash App
100 Thieves / Cash App
The organization also sells apparel.

100 Thieves is headquartered in Los Angeles so it makes sense for them to pursue opportunities close to home. With roster spots in the new league rumored to be up for grabs for as much $25 million, it's a good thing 100T raised the money they did.

Popularity for the organization has skyrocketed thanks to numerous high-profile signings such as Jack 'CouRageJD' Dunlop, content creation team The Mob, and Fortnite World Cup qualified pro Arkhram

Despite this, Nadeshot thinks his org is still a long way from being the most popular organization, as he believes FaZe Clan is still the biggest team out there.

With their valuation increasing at such a rapid rate, it might only be a matter of time before 100T leapfrogs FaZe.