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Envy

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The owner of Texas based popular esports franchises Team Envy, Dallas Fuel and Dallas Empire

Dallas, United StatesFounded 2007Consumer Services
Valuation $100–250M Last recorded · 2021
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Envy

Envy Gaming stands as a significant entity in the esports industry, with a complex history of branding and ownership. Originally founded in 2007 by Tosh "Stainville" Mcgruder and Skyler "Foreplayy" Johnson, the organization began as a professional "Call of Duty" team named Team EnVyUs. Mike "Hastr0" Rufail, initially a team member who joined in 2009, eventually became the team's owner. Rufail, a media studies graduate, leveraged his background in the psychology of media to grow the organization. The company was formally established as Envy Gaming, LLC in October 2012 and later incorporated in May 2016.

The firm's business model centers on professional esports competition, content creation, and live events. It generates revenue through tournament winnings, sponsorships, and merchandise sales. Over the years, Envy has fielded competitive rosters in numerous games, including "Counter-Strike," "Halo," "Overwatch," "Valorant," and "Rocket League". A major milestone occurred in September 2017 with a reported $35 million investment from Hersh Interactive Group, which prompted a relocation to Dallas, Texas, and the acquisition of the Dallas-based Overwatch League franchise spot, creating the Dallas Fuel. The company later established a Call of Duty League franchise, the Dallas Empire. Envy also attracted high-profile investors, including an undisclosed stake by artist Post Malone in August 2020.

In a significant strategic shift, Envy Gaming merged with rival organization OpTic Gaming in November 2021. Following the merger, the Envy brand was officially retired in June 2022, with its teams and content creators rebranding under the OpTic Gaming name, a move aimed at eliminating brand confusion and consolidating resources. The Dallas Fuel remained an exception, keeping its original branding. However, the Envy brand was revived after Mike Rufail re-acquired the name and associated trademarks from OpTic on January 17, 2025. Subsequently, in March 2025, the revived Envy Gaming announced a merger with Native Gaming, with Native's CEO Dean Duro becoming a co-owner, marking a new, partly Indigenous-owned era for the organization.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2007
Headquarters
Dallas, United States
Employees
66
Open positions
None listed
Dealroom signal
55.6/100
Industry
Gaming
Sector
Consumer Services
Client focus
b2c
Investment activity
2 companies, latest Nov 2021
Capital deployed
$0
Preferred round
SEED

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Mar 2021 $40M $160M Undisclosed —
SERIES AOther financing Jan 2019 $20M $80M Undisclosed —
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Growth signals

Envy website traffic

Latest recorded traffic for Envy is 31K monthly website visits, up 14.8% over the last three months. Envy's team grew 0% over the past year.

Latest monthly visits31K 3-month web change+14.8% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Dallas HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Envy on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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