Turnover: 100 million USD (2021)

Country: France

  • Sorare is a start-up launched in March 2019 by two entrepreneurs, Nicolas Julia and Adrien Montfort, who, having seen the potential of Ethereum blockchain technology, have created a new category in the soccer games industry.
  • The concept draws parallels with Panini card collections, with the addition of a "Mon Petit Gazon" or "Fantasy Premier League"-style gaming dimension (i.e. team management and in-game incoporation of players' actual performances).
  • The start-up has announced that its 2021 sales are set to reach $100 million, with a target of $1 billion within 3 years.
  • Sorare's development is also underpinned by partnerships with clubs, of which there are currently 180, as well as leagues such as La Liga.
  • The app's 600,000 users have exchanged $150,000 in assets since January 2021.
  • It is valued at $4.3 billion two years after its creation in 2019.

News

games: mini-revolution at Sorare, which will accept euro payments 01/08/2023

  • Sorare is offering a new feature that lets you pay in traditional currencies such as euros, dollars and pounds sterling.
  • This feature is the result of an association with fintech Mangopay.
  • Users can still opt to pay in cryptocurrency, specifically ether in the case of Sorare.
  • Sorare was founded in 2018.
  • Sorare currently has around 5 million users.

Sorare déploie une nouvelle offre pour convaincre le régulateur des jeux d'argent 30/05/2023

Sorare officiates a historic lift and becomes the most expensive French start-up in the sector. 21/09/2021

  • Fantasy soccer and NFT game now valued at $4.3 billion
  • This makes Sorare the most highly valued unicorn in France
  • The platform boasts over 180,000 users
  • Sorare raises a historic half-billion euros ($680 million)
  • Players on the Sorare platform acquire cards bearing the likenesses of soccer players, available in limited quantities, to form a team of five players
  • This mega-deal takes Sorare into the unicorn club, and through the front door
  • The startup hopes to take advantage of this financial operation to enrich the experience offered to players in its fantasy soccer epic, starting with the development of a mobile application
  • The company aims to recruit around 150 people over the coming months, and has hired Lyft's HR manager

Studies mentioning this company

The NFT market - Overall

Other companies mentioned:

  • OpenSea
  • Axie Infinity
  • Sorare
  • CryptoPunks - Larva Labs
  • Dapper Labs - NBA Top Shot
  • Rarible
  • Foundation
  • Nifty Gateway
  • SuperRare
  • Ethereum
  • Bitcoin
  • Binance
  • Coinbase
  • Arianee
  • Kinetix

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