Sorare is a fantasy football game based on Ethereum blockchain, which allows users to collect cards created on the basis of professional players and compete with each other. Today, the company announced that it managed to raise $ 4 million during the seed fund.
In the seed round of financing, the main share had a venture fund – e, ventures, but also investors such as Partech, Fabric Ventures and Semantic Ventures, as well as German professional footballer and World Cup champion – André Schürrle (recently played in Borussi Dortmund) contributed ). Existing investors – Seedcamp and ConsenSys also took part in the start-up financing.
Sorare is planning more teams and leagues
Sorare plans to use these funds to expand his team as he develops his game and adds more clubs and leagues. Currently, players from 76 teams from around the world are available in the game, including Juventus and Atletico Madrid, and players from all major league leagues have been added recently.
“People buy collectors’ items worth $ 370 billion a year. Sorare’s mission is to spread fantasy football globally and reward you with a new type of collecting: digital football cards. We create the easiest way for football fans to use their football knowledge and to play with skins in the game. We are glad that we can count on the support of an amazing syndicate of investors that will help us to promote fantastic football. “
– Sorare president Nicolas Julia said in his communiqué.
According to Sorare, the company has so far signed contracts with over 90 clubs (including those that are not yet available in the game), and by the end of 2020 it is expected to sign contracts with another 150 teams and five leagues.
Sorare started operations in March 2019 and has already sold collector cards worth over $ 1 million. These cards are the property of users and are issued as NFT tokens. Trade volume on the site increased from $ 30,000 last December to $ 350,000 last month, and the company claims it was already profitable before starting seed financing.