What is Sorare?
Sorare operates as an open fantasy football game, enabling managers to trade official digital collectibles. Launched in March 2019, the company is dedicated to integrating cryptocurrency into fantasy sports, leveraging the global popularity of football. Sorare's innovative approach combines the excitement of fantasy sports with the verifiable ownership and trading capabilities offered by blockchain technology, creating a unique ecosystem for football enthusiasts and digital asset collectors alike. The company's platform allows users to collect, trade, and manage digital player cards, participating in fantasy leagues with the potential for real-world rewards.
How much funding has Sorare raised?
Sorare has raised a total of $736.8M across 4 funding rounds:
Angel/Seed
$4M
Angel/Seed
$2.8M
Series A
$50M
Series B
$680M
Angel/Seed (2020): $2.8M, investors not publicly disclosed
Angel/Seed (2020): $4M led by e.ventures
Series A (2021): $50M supported by Benchmark, Antoine Griezmann, Alexis Ohanian, Rio Ferdinand, and Gary ‘Vee’ Vaynerchuk
Series B (2021): $680M featuring Atomico, SoftBank Group, Bessemer Venture Partners, and D1 Capital Partners
Key Investors in Sorare
Atomico
Atomico is a European Venture Capital firm headquartered in London, with offices in Paris, Berlin and Stockholm. Its founder and CEO is Niklas Zennström, a serial entrepreneur who co-founded Skype and Kazaa.
SoftBank Group
SoftBank Group Corp. is a global technology holding company driving innovation across telecommunications, internet services, artificial intelligence, smart robotics, IoT, and clean energy technologies. Through its diverse portfolio of companies and strategic investments, including leading semiconductor IP providers, SoftBank Group supports the development and scaling of transformative technologies worldwide.
Bessemer Venture Partners
Bessemer Venture Partners (Bessemer) is a venture capital firm. The firm has offices in San Francisco, Redwood City, New York City, Boston, Israel, and India. It was established in 1911 as Bessemer Securities.
What's next for Sorare?
The substantial enterprise-level funding Sorare has garnered, particularly the recent major strategic investment, positions the company for accelerated growth and market leadership. This capital infusion is expected to fuel further product development, enhance user acquisition strategies, and potentially expand into new sports verticals or geographical markets. Sorare's strategic backing from prominent technology investors suggests a clear path towards scaling its operations and solidifying its position as a leader in the intersection of gaming, blockchain, and sports.
See full Sorare company page
