About Sorare
Sorare is a company based in Saint-mande (France) founded in 2018 by Nicolas Julia and Adrien Montfort. It operates as a Freemium. Sorare has raised $738.84 million across 7 funding rounds from investors including Bessemer Venture Partners, Accel and SoftBank Group. Sorare offers products and services including Sorare Game. Sorare operates in a competitive market with competitors including The Sandbox, Animoca Brands, Immutable, Enjin and Vulcan Forged, among others.
- Headquarter Saint-mande, France
- Founders Nicolas Julia, Adrien Montfort
- Stage Unicorn
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Sectors
Financial ServicesTechnology Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Sorare
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$738.84 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Bessemer Venture Partners
& 57 more
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Employee Count
Employee Count
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Products & Services of Sorare
Sorare offers a comprehensive portfolio of products and services, including Sorare Game. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A fantasy sports game with digital collectibles offered.
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Funding Insights of Sorare
Sorare has successfully raised a total of $738.84M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(21 May 2019)
- Investors Count 58
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Angel Round - Sorare | Valuation | Lionel Messi |
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| Jun, 2022 | Amount | Angel Round - Sorare | Valuation |
investors |
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| Sep, 2021 | Amount | Series B - Sorare | Valuation | SoftBank Vision Fund , SoftBank Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sorare
Sorare has secured backing from 58 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Accel and SoftBank Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Private equity and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sorare
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sorare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sorare Comparisons
Competitors of Sorare
Sorare operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The Sandbox, Animoca Brands, Immutable, Enjin and Vulcan Forged, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
NFT-based virtual metaverse is developed for user-owned experiences.
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| domain | founded_year | HQ Location |
Blockchain-based PC and mobile games are developed and published.
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| domain | founded_year | HQ Location |
Blockchain infrastructure for NFT games and applications is developed.
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| domain | founded_year | HQ Location |
Virtual assets are created via a blockchain-based gaming platform.
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| domain | founded_year | HQ Location |
Web3 ecosystem focused on blockchain gaming and NFTs
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sorare
Frequently Asked Questions about Sorare
When was Sorare founded?
Sorare was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Sorare located?
Sorare is headquartered in Saint-mande, France. It is registered at Saint-mande, Val-de-marne, France.
Who is the current CEO of Sorare?
Nicolas Julia is the current CEO of Sorare. They have also founded this company.
Is Sorare a funded company?
Sorare is a funded company, having raised a total of $738.84M across 7 funding rounds to date. The company's 1st funding round was a Series B of $680M, raised on May 21, 2019.
What does Sorare do?
Sorare is involved in providing a fantasy sports gaming platform where users can own and trade digital collectibles. The platform operates within the gaming and sports entertainment sector, offering innovative solutions for user engagement through blockchain technology. Services are designed to cater to sports enthusiasts globally.
Who are the top competitors of Sorare?
Sorare's top competitors include Animoca Brands, The Sandbox and Immutable.
What products or services does Sorare offer?
Sorare offers Sorare Game.
Who are Sorare's investors?
Sorare has 58 investors. Key investors include Bessemer Venture Partners, Accel, SoftBank Group, Tiny Build Games, and Seedcamp.
What is Sorare's valuation?
The valuation of Sorare is $4.3B as of Sep 2021.
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