Sorare

Sorare

Fantasy sports platform with blockchain collectibles

Overview

Sorare runs a fantasy sports platform that blends officially licensed digital player cards with fantasy leagues for football, baseball, and basketball. Players buy, sell, and trade blockchain-backed digital cards representing real-world athletes, then use them to compete in fantasy games. The platform earns revenue from card sales, transaction fees, and premium features. By using blockchain, Sorare verifies the authenticity and scarcity of each digital card, creating a tradable collection of assets alongside gameplay. Compared with competitors, Sorare combines licensed digital collectibles with fantasy sports in a single ecosystem and emphasizes verifiable ownership of scarce digital assets rather than simple virtual points. Its goal is to connect sports fans, gamers, and collectors through a transparent, collectible fantasy experience that links real-world athletes to digital cards and competitive play.

About Sorare

Simplify's Rating
Why Sorare is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Crypto & Web3

Entertainment

Gaming

Company Size

51-200

Company Stage

Series B

Total Funding

$736.6M

Headquarters

Saint-Mandé, France

Founded

2018

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Simplify's Take

What believers are saying

  • Nearly 4 million users provide a large base for monetization.[1]
  • Exclusive partnerships with the NBA, MLB, and top football leagues deepen content moat.[1][3]
  • Migrating infrastructure to Solana in 2025 can reduce fees and improve transaction speed.[2]

What critics are saying

  • UK Gambling Commission prosecution threatens fines, redesigns, or a UK shutdown.[2]
  • Sorare's business depends on league licensing renewals and pricing negotiations.[1][3]
  • NFT demand weakness and crypto volatility can reduce card sales, fees, and liquidity.[2][4]

What makes Sorare unique

  • Officially licensed digital player cards create true ownership and scarcity.[1][3]
  • Sorare spans football, basketball, and baseball across 300+ clubs and 40+ leagues.[2][3]
  • Blockchain-based cards support buying, selling, trading, and cross-platform portability.[3][6]

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Funding

Total Funding

$736.6M

Above

Industry Average

Funded Over

5 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$680M
Sorare

Benefits

Health Insurance

Wellness Program

Unlimited Paid Time Off

Phone/Internet Stipend

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

3%

2 year growth

2%
Fantasy Sports & Gaming Association
May 21st, 2026
Yahoo Media Group President Ryan Spoon to headline 2026 FSGA Summer Conference keynote.

Yahoo Media Group President Ryan Spoon to headline 2026 FSGA Summer Conference keynote. By Abby Arndt The Fantasy Sports & Gaming Association (FSGA) is proud to announce that Ryan Spoon, President of Yahoo Media Group, will headline the keynote session at the 2026 FSGA Summer Conference, taking place July 8-9, 2026, in Philadelphia. Spoon will join Yahoo Sports and Yahoo Fantasy analyst Matt Harmon for an in-depth conversation exploring product innovation, leadership, and the future of fan engagement in fantasy sports and gaming. As President of Yahoo Media Group, Spoon oversees both Yahoo Sports and Yahoo Finance, leading strategy across two of the internet's most recognized media brands. Under his leadership, Yahoo Sports has expanded its original content offerings to more than 60 hours of weekly programming and revitalized its fantasy sports platform, delivering record-breaking user growth over the past two years. Yahoo Fantasy was also recognized by the FSGA with multiple industry awards, including Best Product Experience in 2025. During the keynote discussion, Spoon will share insights into the product philosophy that has shaped his career, including the thinking behind gameplay innovations and feature updates across Yahoo Fantasy. Attendees will also hear how Yahoo Sports is leveraging artificial intelligence to enhance the fan experience, the process behind evolving one of fantasy sports' most established platforms, and what it takes to lead product teams in a rapidly changing industry. "Ryan Spoon has played a major role in shaping some of the most influential products and platforms in fantasy sports and gaming," said Will Tighe, FSGA Conference Committee Co-Chair. "From Yahoo Fantasy to sports betting and emerging technologies, his experience spans nearly every corner of the industry. This keynote will give attendees a rare look into how top-tier sports products evolve, innovate, and continue connecting with fans in meaningful ways." Spoon previously served as COO at Sorare, a pioneer in NFT-based fantasy sports, and COO of BetMGM, one of the leading sportsbook and iGaming operators. Prior to that, he spent more than eight years at ESPN as Senior Vice President of Digital & Social, overseeing digital editorial, strategy, and performance. Harmon is widely recognized throughout the fantasy sports industry for his fantasy football work, especially his analysis of wide receivers as the creator of Reception Perception. The keynote session is expected to provide attendees with a behind-the-scenes look at how one of the industry's biggest brands continues to evolve while staying focused on delivering products that resonate with sports fans. The 2026 FSGA Summer Conference, taking place at The Logan Philadelphia, will bring together innovators, executives, and decision-makers from across fantasy sports, sports betting, and gaming for two days of networking, industry insights, and forward-looking discussion.

The Coin Rise
Sep 27th, 2024
Sorare Faces UK Gambling Crackdown Over its Operations

Back then, the UK regulator launched an investigation into whether Sorare's use of NFTs and cryptocurrency violated gambling laws.

CoinDesk
Sep 27th, 2024
Fantasy Sports Company Sorare Charged With Providing Unlicensed Gambling Facilities in U.K.

Sorare was charged with violating the Gambling act 2005 in the regulator's first move against a blockchain-based platform.

Footboom
Sep 27th, 2024
Sorare Faces Legal Struggles Over Unlicensed Gambling Charges

Sorare faces legal struggles over unlicensed gambling charges.

Tech.eu
Apr 8th, 2024
Meet France'S Software Giants

1. ContentsquareFollowing its $400M Series F fundraise in 2022, things never seem to go quiet for Contentsquare. Founded in Paris, the UX software and analytics vendor has raised $1.4B in investment funding and boasts an R&D team of over 700 people. Their acquisition of Heap in December 2023 aims to broaden analytics stored by increasing capacity to monitor customers on the platform.2. MiraklThe Paris-based SaaS generated over $150 ARR in 2023. Mirakl provides provide online marketplace software to retailers, manufacturers and wholesalers and seem healthy as ever following a grant of €100 million revolving credit last August.3

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