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The Economic Times
The Economic Times
National
Shreya Biswas

Drake invested in esports company 100 Thieves in 2018 when it was valued at about $90 million; 3 years later, its valuation surged to $460 million

When Canadian rapper and singer Aubrey Drake Graham entered the esports business in 2018, Los Angeles-based company 100 Thieves was worth about $90 million. But just after that, in about three years, American lifestyle brand and gaming organization's value rose to $460 million.

The God's Plan rapper joined 100 Thieves as a co-owner in October 2018, alongside Scooter Braun, after the company’s Series A funding round, as per a report. While the exact amount Drake invested was not disclosed. Founder Matthew “Nadeshot” Haag and Dan Gilbert were also part of the ownership group.

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