Blockchain soccer collectibles platform Sorare has announced a $4 million seed round led by VC firm e.ventures. Partech, Fabric Ventures, Semantic Ventures, Cygni Capital, and even World Cup winner André Schürrle are among others who invested in the startup.
Sorare, which runs on the Ethereum blockchain, allows fans to purchase and trade scarce digital football cards to compete in fantasy soccer leagues and earn prizes. Having been in a beta invite-only stage up to late 2019, the firm saw an increase in sales from $30,000 in December 2019 to $350,000 in June 2020.
The firm announced it would use this latest investment to “double the size of our team by year-end” and has begun recruiting designers and full-stack engineers for its Paris-based office.
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