Fabric Ventures has committed to a $50 million Series A funding round for Sorare, the leading digital football fantasy league powered by NFTs, showcasing strong investor confidence and growth potential.

Target Information

Sorare is a pioneering global football fantasy league that harnesses non-fungible tokens (NFTs) built on the Ethereum blockchain. The platform has recently secured an impressive $50 million in a Series A funding round, which is backed by notable investors including Benchmark, Accel, Antoine Griezmann, Gary Vaynerchuk, and a cadre of existing supporters. Within just nine months, Sorare has transformed into the leading platform for digital intellectual property (IP) rights in football, significantly escalating its sales volume and establishing partnerships with major clubs like Real Madrid, PSG, Bayern Munich, Liverpool, and Inter Milan, along with entire leagues such as the Dutch Eredivisie and the MLS Players Association.

With a notable 20-fold increase in sales volume over the past year, culminating in $6.5 million in sales just in February, Sorare's innovative approach allows fans to engage with the game on a deeper level. The platform connects fans directly with their favorite players through the trading and ownership of digital collectibles, thereby enhancing the overall experience of watching football matches.

Industry Overview

The global fantasy sports industry has witnessed tremendous growth, particularly in the aftermath of technological advancements and the increasing popularity of online gaming. In countries such as the United States and the United Kingdom, the convergence of sports and technology has created a burge