Sorare announced raising €3.5 million in a round led by e.ventures and including Fabric Ventures.
Sorare, a Paris, France-based startup operating a blockchain-enabled fantasy soccer platform, announced the completion of a financing round of €3.5 million ($4 million)
The seed funding round led by e.ventures and included contributions from Fabric Ventures and a former member of the German national soccer team, Andre Schurrle.
Sorare, founded in 2018 and led by CEO Nicolas Julia, uses the Ethereum blockchain for generating unique digital trading cards representing professional soccer players that can be traded by users. A user plays as the team manager and can use their five cards to compete in the weekly league competitions. The company recently announced licensing partnerships with the U.S. soccer league, MLS, and the South Korean K-League, bringing both leagues onto its platform. According to the firm’s CEO, Nicolas Julia, the two agreements helped the firm add about 3,500 new users to its platform.
Prior to this round, in 2019, Sorare raised €550K.