About Sorare
Sorare is a global fantasy football game where players can buy, trade, and play with official digital cards.
Headquarters
Sorare, Paris
Founded
2018-12-01
Industry
Blockchain, Cryptocurrency, Fantasy Sports, Gaming, Soccer
Last Funding Type
Series B
Valuation
22
Total Funding
$739.25 million dollars
IPO Status
Private
Financial
Sorare, a Web3-enabled fantasy sports platform, announced layoffs of 22 employees from its New York office in February, citing operational adjustments amidst challenging conditions in the web3 gaming sector.
Funding Rounds
4
Number of Lead Investors
5
Total Funding Amount
$739.25 million dollars
Number of Investors
50
Sorare vs. Other Decacorns
| Company | Valuation | Total Funding | Funding Rounds |
|---|---|---|---|
| Sorare | $22B | $739.25M | 4 |
| FTX | $33B | $1.83B | 7 |
| BitPanda | $4B | $554.01M | 7 |
| Bored Ape Yacht Club | $16B | - | 2 |
| MoonPay | $31B | $650.68M | 8 |
| Circle (Financial Software) | $9B | $1.12B | 14 |
| DFINITY | $2B | $166.88M | 6 |
| Mysten Labs | $2B | $336.01M | 3 |
| Limit Break | $2B | $200.00M | 1 |
| Concordium | $1B | $76.10M | 8 |
| CoinTracker | $4B | $101.62M | 3 |
| Offchain Labs | $1B | $123.70M | 3 |
| 0x | $1B | $109.00M | 8 |
| Kik | $2B | $215.80M | 7 |
| Bakkt | $2.1B | $857.50M | 4 |
| Improbable | $11B | $704.03M | 7 |
| Mythical Games | $3B | $297.00M | 9 |
| TaxBit | $3B | $253.36M | 8 |
| Figure (Financial Software) | $6B | $1.55B | 10 |
| Hike | $1B | $261.00M | 8 |
| MobileCoin | $6B | $107.35M | 4 |
| Marqeta | $30B | $530.11M | 16 |
| Paxos | $7B | $543.48M | 7 |
| StarkWare | $32B | $273.00M | 8 |
| Alchemy Insights | $240B | $563.90M | 5 |
| Supercell | $12B | $143.03M | 3 |
| Helium | $3B | $364.80M | 10 |
| Ava Labs | $11B | $290.00M | 6 |
| Dapper Labs | $76B | $612.51M | 7 |
| Fireblocks | $8B | $1.04B | 7 |
| Zynga | $102B | $2.32B | 11 |
| Kraken | $32B | $30.55M | 20 |
| Chainalysis | $9B | $536.62M | 13 |
| Forte Labs | $4B | $910.00M | 4 |
| Forte | $4B | $910.00M | 4 |
| Blockdaemon | $10B | $431.30M | 10 |
| Roblox | $14B | $874.45M | 13 |
| Coda Payments | $3B | $715.25M | 8 |
| MasterClass | $11B | $461.40M | 10 |
| Rovio Entertainment | $1B | $76.11M | 3 |
| FanDuel | - | $416.20M | 9 |
| Dream Games | $3B | $467.50M | 4 |
| Blockstream | $3B | $634.00M | 7 |
| Wyre | $5B | $29.15M | 9 |
| Public.com | $10B | $443.50M | 10 |
Growth Trends & Market Impact
Sorare may be growing as it is featured in a list of the '5 Best Digital Trading Card Games to Integrate NFTs,' which suggests recognition in the industry for its use of blockchain technology in gaming. Being included in such a list implies that Sorare has a significant presence in the market and is considered a top player among digital trading card games. The inclusion in this list can be indicative of the company's product acceptance and popularity, which are qualitative indicators of growth.
Investment history
| Round number | date | Post-round evaluation | investors |
|---|---|---|---|
| №1 | 20.09.2021 | $680.00 million dollars |
SoftBank |
| №2 | 25.02.2021 | $48.63 million dollars |
Benchmark |
| №3 | 16.07.2020 | $10.00 million dollars |
Headline |
| №4 | 21.05.2019 | $614.05 thousand dollars |
Kima Ventures Seedcamp |