The French NFT fantasy football platform Sorare completed a $680 million Series B round of financing, led by the Japanese holding SoftBank.
Today marks a historic day for the sports, gaming and #NFT communities. 🚀
We’re announcing our $680M Series B to build the next giant in sports entertainment! 🔥#OwnYourGame⚽ pic.twitter.com/O8OfkKfeLF
— Sorare (@SorareHQ) September 21, 2021
Following the round, Sorare’s valuation stood at $4.3 billion.
Investors included Accel, Benchmark, Headline, Atomico, D1 Capital, Bessemer Ventures, Eurazeo, IVP, Hillhouse and Liontree, as well as professional footballers Gerard Piqué, Antoine Griezmann, Rio Ferdinand and César Azpilicueta.
The funds will be used to open a U.S. office, expand into new sports, and develop a mobile application.
Sorare was founded in 2018. On the platform you can buy, sell and trade NFT player cards from leading football clubs. The tokens are also used in virtual prize tournaments.
Among Sorare’s 175 partner clubs are the French «Paris Saint-Germain», the Italian Juventus, the Spanish Barcelona, the Russian Spartak, and «Zenit».
According to the company, the platform has more than 600,000 registered users. Since the beginning of 2021, trading volume has exceeded $150 million.
Earlier in February, Sorare completed a Series A financing round of $50 million, led by Benchmark.
In March, the developers of the NFT platform NBA Top Shot $305 million from basketball legend Michael Jordan, as well as venture firms Coatue and Andreessen Horowitz.
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