parisbased sorare 680m series softbank vision

The company wants to take advantage of the growth of the market to expand further within soccer and also to other sports, particularly in the US. In the first quarter of 2021, NFT sales topped $2 billion amid a spike in interest. Sorare said it's been approached by other sports leagues to roll out a similar model. Existing investors, including Benchmark and Accel, also joined the funding. The Series B round was also backed by Hillhouse, Atomico, Latitude, Felix Capital, Blisce, H14, D1 Capital, and Eurazeo. New York's Liontree, Pinterest-backer Bessemer Ventures, and California's IVP also participated in the round. In July, Insider further exclusively reported that the company was set to become France's most valuable private tech company, with new investors joining the funding round.Īlongside the Vision Fund, the round was coled by SoftBank's Latin America Fund, headed by Marcelo Claure, the owner of numerous soccer clubs. In May, Insider first reported that the company had held talks with SoftBank about a potential funding round. The platform counts soccer stars such as Barcelona's Gerard Piqué and Atletico Madrid's Antoine Griezmann as investors. The sell is that NFTs are unique, thereby boosting their perceived value - though skeptics question their high prices. Some of these cards are billed as one-of-a-kind digital collectibles, or non-fungible tokens, which are digital assets backed by blockchain technology. The Paris startup was founded in 2018 and has built an online marketplace where users buy and sell digital playing cards that represent soccer players ranked by their real-world match performance. The company has brought in $680 million at a $4.3 billion valuation in a round led by SoftBank's Vision Fund 2. Sorare, a company that allows users to trade sports-based NFTs, has raised the largest Series B round in European history, becoming France's most valuable tech startup in the process. Sorare, France's most valuable tech startup, allows users to collect and trade digital soccer cards.SoftBank's Vision Fund 2 led the $680 million round, which values the company at $4.3 billion.The NFT trading startup Sorare has closed Europe's largest-ever Series B funding round.Founded in 2019, Stairwell has now raised nearly $25 million, according to Crunchbase data.Ĭontinuum raises seed round: New York-based Continuum, a talent marketplace for fractional employees, launched today and announced a $2.85 million seed round led by Uncork Capital.Account icon An icon in the shape of a person's head and shoulders.

The company’s Inception platform performs threat hunting, detection and response-aiding in determining if the customer was compromised by detecting threats more quickly. San Francisco-based cybersecurity company Stairwell raised $20 million in Series A funding from Sequoia Capital, Accel and Allen & Company LLC. Joanna Glasner Stairwell closes Series A Mirakl’s platform-used by more than 300 brands-allows companies to launch their own digitized enterprise marketplaces to meet demands of customers.įounded in 2011, the company, with dual headquarters in Boston and Paris, has now raised a total of $948 million, according to Crunchbase data.Īmsterdam-based Recharge, a provider of branded payments products, raised $35 million in a Series B funding round led by new investor SmartFin and existing investors Prime Ventures and Kreos Capital. The new funding increases the company’s valuation to over $3.5 billion-more than double since its $300 million Series D last September. Joanna Glasner Mirakl lands $555M Series E, hits $3.5B-plus valuationĮnterprise marketplace developer Mirakl closed a $555 million Series E led by Silver Lake, with participation from 83North, Elaia Partners, Felix Capital and Permira. The company says it now has over 180 clubs, 6000 licensed athletes, and 600,000 registered users on its platform. Founded in late 2018, the company previously raised just over $50 million, with most of that coming from a $50 million Series A round in February. Sorare says the round is the largest Series B to date for a European startup. Paris-based Sorare, developer of a global fantasy soccer game where players can buy, trade and play with official digital cards, announced that it raised $680 million in a Series B round led by SoftBank. Subscribe to the Crunchbase Daily Sorare lands $680M for soccer NFT platform Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Parisbased sorare 680m series softbank vision