SoftBank and others led $680 million in Series B funding of NFT based fantasy soccer game company Sorare.
Sorare, an online fantasy soccer game, secures $680 million in its Series B funding led by SoftBank, Atomica, D1 capital, and a few other companies. The funding raised is the largest ever in French Tech and the largest in Europe for Series B funding.
Sorare is an online fantasy football game developed by Nicolas Julia and Adrian Montfort. Users collect, trade, and build teams with officially licensed Non- Fungible Token (NFT) based cards of real-life soccer with outcomes based on the real world performances of the players. The game uses blockchain technology based on Ethereum to create the NFTs, making all of them unique and highly collectible.
Sorare is globally available and nearly 180 clubs and teams have officially been licensed by them already. In February 2021, the company secured $50 million in the Series A round of funding from investors Benchmark, Gary Vaynerchuck, and Accel. Soccer stars Antoine Griezmann, Gerard Pique, Rio Ferdinand, and Olivier Bierhoff have also invested in the game.