Paris-based Sorare is a global fantasy football game where managers can trade official digital cards. According to the company, it is on a mission to unlock people’s football fandom online. In a recent development, Sorare has raised €40M in its Series A round of funding. With this funding, the company has raised a total of €48M in funding to date.
Investors in this round
The round was led by Benchmark. The investment firm works alongside early-stage entrepreneurs building startups into transformational companies. It invests in sectors including consumer, marketplaces, social, healthtech infrastructure, and enterprise software.
In addition, the round also saw participation from Accel and new business angels including Reddit co-founder Alexis Ohanian, Vaynermedia CEO Gary Vaynerchuk, football players Antoine Griezmann and Rio Ferdinand.
Use of the funds
The raised capital will be used to fuel the growth of the community, accelerate the hiring of its team and launch a mobile application.