Sorare Raises $50 Million From High-Profile Investors In Series A Round
Sorare Raises $50 Million From High-Profile Investors In Series A Round
February 26, 2021
Sorare Raises $50 Million From High-Profile Investors In Series A Round
Sorare Raises $50 Million From High-Profile Investors In Series A Round
February 26, 2021

Sorare, a major blockchain-based soccer gaming platform, has raised $50 million from high-profile investors in a Series A round, backing major companies like Twitter, Instagram, and Discord.

It has been reported that the fresh Series A round brings Sorare’s total funding to $60 million.

However, the funding round was led by Benchmark, an investment giant famous for funding companies like Twitter, Uber, and Snap. Accel Partners was another lead investor, known for backing companies like Facebook and Spotify.

The round also included some additional investment from investors like Reddit co-founder Alexis Ohanian, VaynerMedia CEO Gary Vaynerchuk, and Barcelona striker Antoine Griezmann.

The report said that with the new funding, Sorare is planning to continue growing its ecosystem, including launching a mobile application and onboarding the global top 20 football leagues.

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Sorare said:

“We’re designing an experience where fans can celebrate, share, and live football moments at a deeper connection. We’re making fantasy football a reality.”

Likewise, Sorare provides a digital collectibles platform based on the Ethereum blockchain. With nonfungible tokens (NFTs), the platform offers a collective fantasy football experience allowing players to manage their players and earn prizes. 

Gerard Piqué, the Strategic Advisor at Sorare, explained that the platform aims to meet the significant shift to online and digital fan experiences.

Thus, he added:

“As world football has shifted from local supporters to global fanbases, football fans are looking for new ways to be connected to the game, the players and other fans.”

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.