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Esports team co-owned by Drake wants to raise $25M in new funding round

The Toronto Raptors isn’t the only team rapper Drake is cheering for right now. Drake’s competitive gaming team, 100 Thieves, is also going for the gold by raising a fresh round of money that could allow it to win a slot in an up-and-coming Activision Blizzard video game league, The Post has learned. 100 Thieves, which competes in popular video games like Fortnite and Call of Duty, is out seeking as much as $25 million from potential investors in a round of funding that could give the so-called e-gaming team a valuation of roughly $150 million, a source with direct knowledge of the situation said. The team was valued at roughly $90 million in October when the artist behind the popular “Hotline Bling” song became an investor, ...
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