NFTs Platform Sorare Raises $680M and Reaches a $4B Valuation
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21 September
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French fantasy soccer platform NFT Sorare has just completed a Series B funding round in which it has raised $680 million.

According to the company, the round, in which 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 have taken part, was led by Japanese telecommunications giant SoftBank.

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According to Sorare, the company plans to use the funds to open an office in the United States, expand its activities in new sports and develop a mobile app.

Sorare, which was founded back in 2018, allows users to buy, sell and trade NFT cards of players from the world's top soccer clubs. The tokens are also used in virtual prize tournaments.

Sorare's 175 partner clubs include Paris Saint-Germain, Juventus, Barcelona, Spartak and Zenit.

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