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.

Simplify's Take

What believers are saying

• NBA Early Access cards launch October 2025, capturing basketball collectors.
• Sorare Factory crafting boosts retention via gameplay-acquired cards.
• Tiered cards like Set and Common lower entry barriers for new users.

What critics are saying

• UK Gambling Commission prosecutes Sorare under 2005 Act, ongoing March 2026.
• Revenues fell 70% from 2022 €143M to 2024 €43M with €100M EBITDA losses.
• French JONUM Decree 2026-60 launches 2024-2027 probation, risking reclassification.

What makes Sorare unique

• Sorare blends official NFT cards with fantasy football, baseball, and basketball leagues.
• Blockchain ensures authentic scarcity in digital player collectibles from licensed teams.
• Multi-sport expansion includes NBA Season 2 cards and list-or-play functionality.

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Funding

Total Funding

$736.6M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Bessemer Venture PartnersBenchmarkSoftBankAccel

Notable Investors:

Bessemer Venture PartnersBenchmarkSoftBankAccel

$680,000,000

Series B

Sep 2021

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

Ind Avg. $35M

$4M

$30M

$45M

$65M

$100M

$680M

View all funding stages