We’re pleased to be joining them on this journey and are really excited to see what the company will achieve in its next phase of growth. It’s evident from Sorare’s amazing growth this year alone that football fans around the world have been eagerly waiting for the “game within the game” that Sorare provides. “Sorare sits at the intersection of two really exciting industries in digital collectibles and fantasy sports. Marcelo Claure, CEO of SoftBank Group International and COO of SoftBank Group, said: The latest funding round which was led by SoftBank also seen participation from other prominent investors Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP and Liontree along with the existing investors Benchmark, Accel and Headline. Sorare says the round is the largest Series B to date for a European startup, which now brings Sorare’s valuation at $4.3 billion.įounded in late 2018, the company previously raised just over $50 million, with most of that coming from a $50 million Series A round in February. Read Also: What is RealFevr? An Exciting NFT Platform for Football Lovers Sorare Series B Funding The company says it now has over 180 clubs, 6000 licensed athletes, and 600,000 registered users on its platform. Based in Paris, Sorare is funded by a world-class team including Benchmark, Accel Partners, Headline, and footballers Gerard Piqué, Antoine Griezmann and Rio Ferdinand. The platform had a card sales volume of over $130m since January 2021 across 160 countries. Sorare is transforming online sports fandom and giving its community a new way to connect to the clubs and players that they love. Read Also: Innovative Blockchain Tech Applications Lead to Rise of NFTs Through blockchain digital collectibles and its global fantasy football, the company is on a mission to become ‘the game within the game’. Sorare operates at the intersection of the NFT, sports cards, and global fantasy sports. Sorareįounded in 2018, Sorare was created by football fans for football fans. The platform is already host to NFTs from some of Europe’s most popular teams, including Bayern Munich, Juventus, Real Madrid and Liverpool.Paris-based NFT Startup Sorare, developer of a global fantasy soccer game where players can buy, trade and play with official digital cards, raises $680 million in a Series B Funding round led by SoftBank. Sorare raised a $50 million Series A last February, led by venture capital firm Benchmark. and Latin American football leagues and its investment in broadcaster Televisa-Univision, to increase Sorare’s user base. ![]() Combes revealed that SoftBank can use its relationships with U.S. “We think NFTs represent a new paradigm in the collectability, usability, and engagement with assets,” said Michel Combes, president of SoftBank Group International.Īs a first time investor in Sorare, SoftBank’s Latin America fund also contributed. Speaking on the investment, Dev Bajaj, Chief Strategy Officer, Dream Sports, said, DreamCap is glad to partner with Rario to help sports fans engage deeper with their favorite players and teams. The companies that chose to invest in the round include SoftBank Vision Fund, LionTree, Bessemer Ventures, IVP, Hillhouse and Atomico. Rario’s global cricket NFT ecosystem will be further strengthened by the 140M sports fans on Dream Sports. With big domestic markets such as the NBA, NFL and MLB, there are definite market shares to take using the already proven business model. In a company press release, CEO Nicolas Julia opens up about the plans to enter the U.S. With the new investment at hand, Sorare plans to use the money to accelerate growth and venture outside the world of football. The most expensive card is of Cristiano Ronaldo, which was sold for 245,072 euros ($287,420.44) on March 13. ![]() The NFT market has exploded during 2021, making collectible and sports-related NFTs more popular than ever.Ĭurrently having as many as 600,000 registered users, Sorare says it has traded as much as $150 million in digital cards since January. ![]() The outcome is based on the players’ performance in real-life games, connecting fantasy with real life. ![]() The Paris based fantasy football and digital collectible platform just announced a $680 million Series B raise, the largest ever in the NFT space.įounded in 2018, Sorare is an online game where players buy officially licensed cards representing football players used to build teams where fantasy league players compete against each other. Sorare is one of the best to ever do it and is the largest sports-based NFT platform by sales volume, according to. However, it’s not only played on the green field as the market for fantasy play is bigger than ever. With an estimated following of 4 billion people, it is dominating all sports in South America, Africa and Europe. No matter how you twist and turn things, the biggest and most popular sport in the world is football. New investment brings company value to $4.3 billion with plans to conquer the U.S.
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