Sorare has broken an impressive record with its recent Series B funding; bringing in $680 million.
Headed up by SoftBank, its Series B included a long list of corporate and individual investors, including Reddit co-founder Alexis Ohanian and football players Gerard Piqué, Rio Ferdinand, Antoine Griezmann and César Azpilicueta.
This new wave of capital comes just seven months after its Series A which brought in $50m, which included a red carpet of celebrity investors like Antoine Rio Ferdinand, Oliver Bierhoff, Alexis Ohanian and Gary Vaynerchuck.
While this lineup sounds remarkable, it’s about on par with the potential behind Sorare as an NFT fantasy gaming experience. Boasting over 600,000 users, 6,000 footballers and 180 clubs, Sorare appears to be growing at a rapid pace.
Sorare’s eyes on the future
Since its Series A, its growth is being matched with a concerted effort to ensure reliable growth. Along with fostering new partnerships with the likes of La Liga, along with scaling its infrastructure on Ethereum and greater economic scarcity.
So, with $680 million in funding, what does the Sorare team have in mind with that kind of capital? According to the team in a recent blog post:
- Continue to build a world class team — by recruiting the best talents from all over the world. We’re looking to fill many new roles, both in Europe and in the US — check our open positions.
- Sign new partnerships — bringing the top 20 football leagues onboard and the top 50 national teams.
- Accelerate on mobile and marketing — our fantasy game will be a mobile first experience that fans globally will know about.
- Expand into new sports — we’ve received interest from leagues and fans across the globe to replicate our model in other sports. We plan to roll out new sports in 2022.
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