North American esports organization 100 Thieves has completed a $35M Series B funding round, the team announced today, and will use it in part to fund the construction of a Los Angeles headquarters and training facility.
Growth investment firm Artist Capital Management led the round, with its chief investment officer Josh Dienstag joining 100 Thieves’ board of directors. The round also includes a new investment from Aglaé Ventures, whose parent company Groupe Arnault is the controlling shareholder of Louis Vuitton Moet Hennessy.
100 Thieves has also announced plans to establish a 15,000-square-foot Los Angeles headquarters and training facility, which will include streaming stations and content production capabilities, as well as an apparel design workshop. The facility will also include a retail storefront for 100 Thieves-branded lifestyle apparel. According to a release, the team’s last “apparel drop” yielded more than $500K in revenue in less than five minutes.
Source of shared Link