Sorare valuation, funding and investors

Sorare works in fantasy sports platform development, based in Saint-Mandé, France. Founded in 2018, it has about 152 employees.

Tech Companies Saint-Mandé Series B

VALUATION · TODAY

$1.14B −6% after Series B

Range $316M – $5.25B · Grade D

TODAY

+12 MO

$2.50B

$5.00B

$7.50B

$10.00B

2019

2020

2021

2022

2023

2024

2025

2026

2027

Seed $4.00M

Series B $680M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY152 employees

−3%6m growth

−12%1y growth

−24%2y growth

100

200

300

Data from Jan 2021

TODAY

Predicted in 1 yr $1.07B −6% vs today

Predicted next raise $874M if a round comes

Winding-down probability 71%

Last round: Series B · $680M · Sep 2021
Valuation at last round: $4.30B
Headcount: 152 · down
Grade: D
Founded: 2018

How VCMC values companies →

Sorare valuation today

VCMC values Sorare at $1.1B today, with a range of $316M to $5.2B and a grade of D. The valuation starts from its last funding round, a Series B round in Sep 2021.

Valuation by date (109 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Sorare: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2018	$5.57M	$2.03M – $15.3M	$7.63M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$5.72M	$2.08M – $15.7M	$7.84M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$5.86M	$2.13M – $16.1M	$8.03M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$6.02M	$2.19M – $16.5M	$8.25M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$6.18M	$2.25M – $17.0M	$8.47M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$6.34M	$2.31M – $17.4M	$8.70M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$6.51M	$2.37M – $17.9M	$8.93M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$6.69M	$2.43M – $18.4M	$9.02M (+35%)	before first round	–	unknown	D	0%
1 Sep 2018	$6.87M	$2.50M – $18.9M	$9.10M (+32%)	before first round	–	unknown	D	0%
1 Oct 2018	$7.05M	$2.57M – $19.4M	$9.18M (+30%)	before first round	–	unknown	D	0%
1 Nov 2018	$7.24M	$2.64M – $19.9M	$9.27M (+28%)	before first round	–	unknown	D	0%
1 Dec 2018	$7.43M	$2.71M – $20.4M	$9.35M (+26%)	before first round	–	unknown	D	0%
1 Jan 2019	$7.63M	$2.78M – $21.0M	$9.43M (+24%)	before first round	–	unknown	D	0%
1 Feb 2019	$7.84M	$2.85M – $21.5M	$9.52M (+21%)	before first round	–	unknown	D	0%
1 Mar 2019	$8.03M	$2.92M – $22.1M	$9.60M (+19%)	before first round	–	unknown	D	0%
1 Apr 2019	$8.25M	$3.00M – $22.7M	$9.69M (+17%)	before first round	–	unknown	D	0%
1 May 2019	$8.47M	$3.08M – $23.3M	$9.77M (+15%)	before first round	–	unknown	D	0%
1 Jun 2019	$8.70M	$3.17M – $23.9M	$9.86M (+13%)	before first round	–	unknown	D	0%
1 Jul 2019	$8.93M	$3.25M – $24.5M	$9.95M (+11%)	before first round	–	unknown	D	0%
1 Aug 2019	$9.02M	$3.28M – $24.8M	$10.0M (+11%)	before first round	–	unknown	D	0%
1 Sep 2019	$9.10M	$3.31M – $25.0M	$10.1M (+11%)	before first round	–	unknown	D	0%
1 Oct 2019	$9.18M	$3.34M – $25.2M	$10.2M (+11%)	before first round	–	unknown	D	0%
1 Nov 2019	$9.27M	$3.37M – $25.5M	$10.3M (+11%)	before first round	–	unknown	D	0%
1 Dec 2019	$9.35M	$3.40M – $25.7M	$10.4M (+11%)	before first round	–	unknown	D	0%
1 Jan 2020	$9.43M	$3.43M – $25.9M	$10.5M (+11%)	before first round	–	unknown	D	0%
1 Feb 2020	$9.52M	$3.47M – $26.2M	$10.6M (+11%)	before first round	–	unknown	D	0%
1 Mar 2020	$9.60M	$3.50M – $26.4M	$10.7M (+11%)	before first round	–	unknown	D	0%
1 Apr 2020	$9.69M	$3.53M – $26.6M	$10.8M (+11%)	before first round	–	unknown	D	0%
1 May 2020	$9.78M	$3.56M – $26.9M	$10.9M (+11%)	before first round	–	unknown	D	0%
1 Jun 2020	$9.87M	$3.59M – $27.1M	$11.0M (+11%)	before first round	–	unknown	D	0%
1 Jul 2020	$9.95M	$3.62M – $27.3M	$11.1M (+11%)	before first round	–	unknown	D	0%
17 Jul 2020	$24.5M	$16.1M – $74.5M	$48.9M (+100%)	after a round	–	unknown	C	0%
1 Aug 2020	$25.2M	$16.1M – $74.5M	$48.9M (+94%)	after a round	–	unknown	C	0%
1 Sep 2020	$26.7M	$16.1M – $74.5M	$48.9M (+83%)	after a round	–	unknown	C	0%
1 Oct 2020	$28.3M	$16.1M – $74.5M	$48.9M (+73%)	after a round	–	unknown	C	0%
1 Nov 2020	$30.0M	$16.1M – $74.5M	$48.9M (+63%)	after a round	–	unknown	C	0%
1 Dec 2020	$31.8M	$16.1M – $74.5M	$48.9M (+54%)	after a round	–	unknown	C	0%
1 Jan 2021	$33.7M	$16.1M – $74.5M	$48.9M (+45%)	after a round	6	unknown	C	0%
1 Feb 2021	$35.8M	$16.1M – $74.5M	$48.9M (+37%)	after a round	6	unknown	C	0%
1 Mar 2021	$37.7M	$16.1M – $74.5M	$48.9M (+30%)	after a round	6	unknown	C	0%
1 Apr 2021	$40.0M	$16.1M – $74.5M	$48.9M (+22%)	after a round	6	unknown	C	0%
1 May 2021	$42.3M	$16.1M – $74.5M	$48.9M (+16%)	after a round	6	unknown	C	0%
1 Jun 2021	$44.9M	$16.1M – $74.5M	$48.9M (+9%)	after a round	6	unknown	C	0%
1 Jul 2021	$47.5M	$16.1M – $74.5M	$48.9M (+3%)	after a round	6	unknown	C	0%
1 Aug 2021	$48.9M	$15.7M – $74.5M	$48.9M (0%)	after a round	6	unknown	C	0%
1 Sep 2021	$48.9M	$14.9M – $74.5M	$48.9M (0%)	after a round	6	unknown	C	0%
22 Sep 2021	$4.3B	$3.7B – $7.4B	$6.5B (+50%)	after a round	6	unknown	B	0%
1 Oct 2021	$4.3B	$3.7B – $7.4B	$6.5B (+48%)	after a round	6	unknown	B	0%
1 Nov 2021	$4.5B	$3.7B – $7.4B	$6.5B (+43%)	after a round	6	unknown	B	0%
1 Dec 2021	$4.7B	$3.7B – $7.4B	$6.5B (+39%)	after a round	6	unknown	B	0%
1 Jan 2022	$4.8B	$3.7B – $7.4B	$6.5B (+34%)	after a round	6	unknown	B	0%
1 Feb 2022	$5.0B	$3.7B – $7.4B	$6.5B (+29%)	after a round	87	growing	B	0%
1 Mar 2022	$5.1B	$3.7B – $7.4B	$6.5B (+25%)	after a round	87	growing	B	0%
1 Apr 2022	$5.3B	$3.7B – $7.4B	$6.5B (+21%)	after a round	87	growing	B	0%
1 May 2022	$5.5B	$3.7B – $7.4B	$6.5B (+17%)	after a round	87	growing	B	0%
1 Jun 2022	$5.7B	$3.7B – $7.4B	$6.5B (+13%)	after a round	87	growing	B	0%
1 Jul 2022	$5.9B	$3.7B – $7.4B	$6.5B (+10%)	after a round	87	growing	B	0%
1 Aug 2022	$6.1B	$3.7B – $7.4B	$6.5B (+6%)	after a round	87	growing	B	0%
1 Sep 2022	$6.3B	$3.7B – $7.4B	$6.5B (+2%)	after a round	87	growing	B	0%
1 Oct 2022	$6.5B	$3.8B – $7.4B	$6.5B (0%)	after a round	87	growing	B	0%
1 Nov 2022	$6.5B	$3.5B – $7.4B	$6.5B (0%)	after a round	87	unknown	B	0%
1 Dec 2022	$6.5B	$3.4B – $7.4B	$6.5B (0%)	after a round	87	unknown	B	0%
1 Jan 2023	$6.5B	$3.2B – $7.4B	$6.5B (0%)	after a round	87	unknown	B	0%
1 Feb 2023	$6.5B	$3.1B – $7.4B	$6.5B (0%)	after a round	87	unknown	B	0%
1 Mar 2023	$6.5B	$3.0B – $7.4B	$6.5B (0%)	after a round	87	unknown	B	0%
1 Apr 2023	$8.1B	$4.5B – $9.3B	$8.1B (0%)	after a round	240	growing	B	0%
1 May 2023	$8.1B	$4.7B – $9.3B	$8.1B (0%)	after a round	240	growing	B	0%
1 Jun 2023	$8.1B	$4.8B – $9.3B	$8.1B (0%)	after a round	240	growing	B	0%
1 Jul 2023	$8.1B	$5.0B – $9.3B	$8.1B (0%)	after a round	240	growing	B	0%
1 Aug 2023	$8.1B	$5.1B – $9.3B	$8.1B (0%)	after a round	240	growing	A	0%
1 Sep 2023	$8.1B	$2.8B – $9.3B	$8.1B (0%)	after a round	240	unknown	B	0%
1 Oct 2023	$5.8B	$2.5B – $8.4B	$4.7B (-19%)	after a round	220	flat	C	44%
1 Nov 2023	$5.8B	$2.4B – $8.4B	$4.6B (-20%)	after a round	220	flat	C	44%
1 Dec 2023	$5.7B	$2.2B – $8.5B	$4.5B (-20%)	after a round	220	flat	C	44%
1 Jan 2024	$5.6B	$2.1B – $8.5B	$4.4B (-21%)	after a round	220	flat	C	44%
1 Feb 2024	$5.6B	$2.0B – $8.6B	$4.4B (-22%)	after a round	220	flat	C	44%
1 Mar 2024	$3.7B	$1.9B – $8.0B	$2.2B (-39%)	after a round	200	down	C	91%
1 Apr 2024	$3.6B	$1.8B – $8.2B	$2.2B (-40%)	after a round	200	down	C	91%
1 May 2024	$3.5B	$1.7B – $8.3B	$2.1B (-40%)	after a round	200	down	C	91%
1 Jun 2024	$3.4B	$1.6B – $8.4B	$2.0B (-41%)	after a round	200	down	C	91%
1 Jul 2024	$3.4B	$1.5B – $8.6B	$2.0B (-42%)	after a round	200	down	C	91%
1 Aug 2024	$3.3B	$1.5B – $8.7B	$1.9B (-42%)	after a round	200	down	C	91%
1 Sep 2024	$3.2B	$1.4B – $8.8B	$1.8B (-43%)	after a round	200	down	C	91%
1 Oct 2024	$2.7B	$1.3B – $8.1B	$1.6B (-40%)	after a round	200	down	C	91%
1 Nov 2024	$2.8B	$1.3B – $8.1B	$1.7B (-38%)	after a round	200	flat	C	84%
1 Dec 2024	$2.9B	$1.2B – $8.1B	$1.9B (-37%)	after a round	200	flat	C	77%
1 Jan 2025	$3.1B	$1.1B – $8.2B	$2.0B (-35%)	after a round	200	flat	C	71%
1 Feb 2025	$3.2B	$1.1B – $8.2B	$2.2B (-33%)	after a round	200	flat	D	65%
1 Mar 2025	$3.4B	$1.0B – $8.1B	$2.3B (-32%)	after a round	200	flat	D	60%
1 Apr 2025	$3.5B	$986M – $8.1B	$2.4B (-30%)	after a round	200	flat	D	55%
1 May 2025	$3.8B	$939M – $8.4B	$2.8B (-25%)	after a round	200	unknown	D	51%
1 Jun 2025	$3.9B	$892M – $8.4B	$3.0B (-24%)	after a round	200	unknown	D	47%
1 Jul 2025	$2.7B	$825M – $7.7B	$1.8B (-34%)	after a round	175	down	D	67%
1 Aug 2025	$2.4B	$781M – $7.6B	$1.5B (-36%)	after a round	172	down	D	73%
1 Sep 2025	$2.3B	$742M – $7.6B	$1.5B (-34%)	after a round	172	down	D	73%
1 Oct 2025	$2.2B	$706M – $6.1B	$1.7B (-25%)	after a round	172	flat	D	68%
1 Nov 2025	$2.4B	$668M – $6.1B	$1.8B (-22%)	after a round	168	flat	D	62%
1 Dec 2025	$2.5B	$636M – $6.1B	$2.0B (-19%)	after a round	168	flat	D	57%
1 Jan 2026	$2.6B	$604M – $6.2B	$2.2B (-17%)	after a round	168	flat	D	53%
1 Feb 2026	$2.8B	$574M – $6.2B	$2.4B (-15%)	after a round	168	flat	D	48%
1 Mar 2026	$2.9B	$548M – $6.3B	$2.5B (-13%)	after a round	168	flat	D	45%
1 Apr 2026	$2.4B	$513M – $5.9B	$2.1B (-12%)	after a round	157	down	D	53%
1 May 2026	$2.4B	$489M – $5.9B	$2.1B (-10%)	after a round	157	down	D	53%
1 Jun 2026	$2.3B	$464M – $5.8B	$2.1B (-8%)	after a round	157	down	D	53%
1 Jul 2026	$2.2B	$442M – $5.8B	$2.1B (-6%)	after a round	157	down	D	53%
1 Aug 2026	$2.2B	$426M – $5.7B	$2.1B (-5%)	after a round	157	down	D	53%
1 Sep 2026	$1.6B	$423M – $5.3B	$1.5B (-3%)	after a round	153	down	D	69%
1 Oct 2026	$1.5B	$423M – $5.3B	$1.4B (-7%)	after a round	152	down	D	71%
24 Oct 2026	$1.1B	$316M – $5.2B	$1.1B (-6%)	after a round	152	down	D	71%

Key facts about Sorare

Founded: 2018
Headquarters: Saint-Mandé, France
Employees: about 152 -10% in a year
Total raised: $684M
Funding rounds: 2
Last round: Series B Sep 2021

Sorare was founded in 2018 by Adrien Montfort, Alexandre Derouineau, Laurent Delahaye and Nicolas Julia.

Sorare funding history

Sorare has 2 funding rounds on record, from Jul 2020 to Sep 2021, $684M in total. The latest disclosed valuation is $4.30B post-money (Series B, Sep 2021).

Series B 21 Sep 2021
Led by SoftBank; with Atomico, Bessemer Venture Partners, D1 Capital, Eurazeo, Institutional Venture Partners, LionTree, Benchmark, Accel, Headline.
Sources: prnewswire.com, techcrunch.com, beincrypto.com and 6 more
$680M
$4.30B post-money
Seed 16 Jul 2020
Led by Headline; with Partech, Fabric, Semantic Ventures, Cygni Capital, Seedcamp. Individuals: André Schürrle.
Sources: theblock.co, ledgerinsights.com, finance.yahoo.com
$4.0M

Sorare investors

15 investors have backed Sorare; Headline and SoftBank led at least one round.

SoftBank lead
Accel
Atomico
Benchmark
Bessemer Venture Partners
Cygni Capital
D1 Capital
Eurazeo
Institutional Venture Partners

What Sorare does

Sorare works in tech companies, with 10 recorded offerings and customers in sports technology and digital assets.

Sorare SAS is a French company that operates a sports entertainment platform engaged in fantasy sports and digital trading cards. The company provides a marketplace for users to collect, buy, sell, and trade officially licensed digital player cards featuring professional athletes from football, NBA, and MLB leagues. Sorare also offers a fantasy game where users can compose teams, participate in tournaments, and earn rewards such as signed jerseys, match tickets, and VIP experiences. The platform is supported by a Layer 2 blockchain infrastructure with Zero Knowledge Proof (ZKP) technology and is accessible on Android, iOS, and web browsers. Sorare serves sports fans, fantasy sports enthusiasts, and businesses interested in digital asset trading, and offers an API for developers to build new services and applications.

Description from Veridion's company data.

Products and services

Fantasy Sports Platform Development
Digital Player Card Marketplace Services
Blockchain-Based Game Infrastructure Development
Sports Team Creation and Management Services
Tournament Participation and Rewards Distribution
Digital Asset Trading Services
Official Licensed Card Distribution
Mobile and Web Platform Access Services
API Integration Services for Developers
Subscription-Based Platform Access Services

Markets

Sports Technology
Digital Assets

Technology

Layer 2 Blockchain Infrastructure
Zero Knowledge Proof (ZKP) Technology

Certifications

GDPR compliant
CCPA compliant

Business model

Business-to-Business
Business-to-Consumer
Entertainment
Subscription-Based

Industry codes (NAICS)

513210 Software Publishers 70% match
713990 All Other Amusement and Recreation Industries 30% match

Questions about Sorare

What is Sorare worth?

Valuation $1.1B (range $316M to $5.2B), as of 24 Oct 2026. The last disclosed valuation was $4.30B (Series B, Sep 2021).

Has Sorare raised money?

Sorare has 2 funding rounds on record, from Jul 2020 to Sep 2021, $684M in total. The latest disclosed valuation is $4.30B post-money (Series B, Sep 2021).

Who has invested in Sorare?

Headline, SoftBank, Accel, Atomico, Benchmark and Bessemer Venture Partners, and 9 more. Lead investors include Headline and SoftBank.

How many people work at Sorare?

About 152, down 10% over the last year. Headcount rose from 6 in Jan 2021 to 240 in Apr 2023, then fell to 152 in Sep 2026.

What does Sorare do?

Sorare works in tech companies, with 10 recorded offerings and customers in sports technology and digital assets. Its main offerings are fantasy sports platform development, digital player card marketplace services and blockchain-based game infrastructure development.

When was Sorare founded, and where is it based?

Sorare was founded in 2018 and is based in Saint-Mandé, France. It has about 152 employees, down 10% over the last year.

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