Invertia Soreare lifts $ 680 million in the largest financing round of 'fantasy' sports

Soreare, the Fantasy International Soccer Platform, announces a Bd Financing B of 680 million dollars led by SoftBank and with the participation of Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP and Lionntreee.It also has the participation of existing investors among which are Benchmark, Accel and Headline.

The Spanish player International César Azpilicueta has also participated as a new investor in this round, joining other Business Angels such as Reddit co -founder Alexis Ohanian and other players such as Gerard Piqué, Rio Ferdinand and Antoine Griezmann.

On the other hand, in line with this financing, Marcelo Claure, CEO of SoftBank Group International and Coo of SoftBank Group will join the Sirare Directorate.

Thanks to this investment, which is the largest achieved in a B series in Europe to date, Sorare raises its valuation up to 4.300 million dollars.

The company will use this capital to reinforce and accelerate its mission of offering a revolutionary game experience and that establishes a new standard to connect fans with clubs and players.

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The platform already looks at other sports

In addition, it will expand the platform to other sports so that anyone can celebrate their passion and experience this unique world of Fantasy Sports NFT.

Sorere's operation field is at the intersection between the growing non -fungible tokens market (NFT), with more than 2.500 million dollars sold this year;The sports card market or chromos (valued at 5.000 million dollars);And the Fantasy Sports (whose business volume is estimated to reach 48.000 million dollars for 2027).

Sorere's digital cards are NFT, which means that each one is unique, with a limited number of units, and that its property is publicly verifiable through the Ethereum blockchain, a safe and transparent digital property model.

The company has experienced enormous growth this year: the value of the cards exchanged on the platform since January 2021 amounts to more than 150 million dollars.

On the other hand, the number of active payment users in Sorare has multiplied by 34 between the second quarter of 2020 and the second quarter of 2021, and quarterly sales have multiplied by 51 in that same period.

Soreare has more than 600.000 users registered on the platform and have licensed players of more than 180 organizations, including Real Madrid, Liverpool, Juventus and French and German football federations, among others.

The company's ambition in the football segment is to get the main 20 soccer leagues internationally, both male and female.

"The market is continuously moving towards digital experiences to allow users to celebrate and enjoy their passions.This also applies to sports, where clubs, players and fans look.

"Soreare is at the intersection of two really interesting industries, such as digital collectibles and fantasy sports," says Marcelo Claure, SoftBank Group International and SoftBank Group CEO Group Group.

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