“We’ll be using this new funding to propel our vision forward. The founders of Sorare said about their plans for the $50 million funding: Sorare will launch a mobile application for NFT trading, too. So, more football fans worldwide can trade the NFTs of their beloves clubs or players. It will add the top 30 football leagues from all over the world. Sorare will use the recent investment to hire more developers and expand the team. Individuals like Antoine Griezmann, Rio Ferdinand, Oliver Bierhoff, Alexis Ohanian, and Gary Vaynerchuck participated in fundraising. Sorare raised $50 million in this round from various investors. They have been a strategic investor for successful startups like Twitter, Snap, Instagram, and Discord. Benchmark led the Series A funding for Sorare. The recent $50 million raise for Sorare is a good sign that strategic technology investors see NFT platforms’ opportunity. They have attracted investors to find more money for faster and better development. Startups like Sorare focus on a niche market to provide the trading opportunity. Collectibles that have been an essential part of fans’ life throughout history are now finding a new place, and interest in buying or selling them increases very fast.ĭecentralized platforms have shown that trading digital collectibles can be done very easier and more securely. They provide the chance to trade digital collectibles without the need for intermediaries. NFTs have been successful in attracting digital users. Sorare plans to revolutionize the online football fandom and give back the control of trading and owing football collectibles to final users. The latest funding will provide the required money for expanding the startup and making it ready to support more users. The fantasy football startup focuses on NFTs that football fans love and provides a platform for trading and owning digital football collectibles. Sorare announced a $50 million raise in the Series A funding.
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