The NFT-based fantasy sports operator was valued at $4.3bn in a series B round led by SoftBank that came just seven months after its series A.
Telecommunications and internet group SoftBank led a $680m series B round today for Sorare, the France-headquartered creator of a fantasy football game focused on non-fungible tokens (NFTs).
Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP, Liontree, Benchmark, Accel and Partech also participated in the round along with private investors Alexis Ohanian, Gerard Piqué, Rio Ferdinand, Antoine Griezmann and César Azpilicueta.
Sorare’s online platform hosts a fantasy game where players can trade NFTs of certain players with each other in order to improve their teams and potentially win cash prizes. It has more than 600,000 registered users and has secured licences for some 180 clubs and 6,000 footballers.
Nicolas Julia, Sorare’s founder and chief executive, said the round is the largest series B yet closed by a company based in Europe, in addition to being the largest yet raised by a French technology developer.
The funding was raised at a $4.3bn valuation…
