![]() This year it has also invested in Vestiaire Collective and Contentsquare.ģ60learning has 1,500 customers, including LVMH, Michelin and Toyota Motor Corp., according to the statement. led the $680 million funding round in Sorare in September and the $200 million round in Swile. Global technology investors, led by SoftBank, have been particularly active in the French startup industry in recent months. ![]() “We will go from 260 to 500 employees globally in the next 18 months, and our tech and product teams will remain in France.” Paris-based Sorare will use the new funding to open its first US office and to explore other opportunities outside of soccer, as well as hire new employees. and wish to expand there,” Hernandez said. “We found our product-market fit for the U.S. 360learning will also use the new funds to expand into the U.S. The education-technology startup is currently considering strategic acquisitions, founder and Chief Executive Officer Nick Hernandez said in an interview with Bloomberg. The company declined to disclose its latest valuation. Paris-based 360learning also received backing from existing investors including Bpifrance, XAnge and Educapital, according to a statement Thursday. We believe this is a huge opportunity to create the next sports entertainment giant, bringing Sorare to more football fans and organisations, and to introduce the same proven model to other sports and sports fans worldwide,” Sorare co-founder and CEO Nicolas Julia said.(Bloomberg) - Collaborative learning platform 360learning SA has raised $200 million from Sumeru Equity Partners, SoftBank Vision Fund 2 and Silver Lake Waterman, marking another major investment into a booming French startup industry. We are thrilled by the success we have seen so far, but this is just the beginning. “We saw the immense potential that blockchain and NFTs brought to unlock a new way for football clubs, footballers, and their fans to experience a deeper connection with each other. Sales have grown by 51x between the second quarter of 2020 and the second quarter of 2021. There are currently 600,000 registered users and 150,000 users who are buying a card or composing a team every month. While the volume of transaction is quite big, there is still a lot of potential for user growth. Sorare doesn’t take a cut on player-to-player transactions right now. A total of $150 million worth of cards have been traded on the platform since January. The funding round values the company at 4.3 billion. That’s why players often buy and sell cards from other players - there are even third-party websites that help you track auctions. The round’s lead investors include SoftBank Vision Fund, LionTree, Bessemer Ventures, IVP, Hillhouse and Atomico. Over time, the value of a card can go up or down. ![]() They can also manage a squad of players and earn points based on real-life performances. (Bloomberg) - Collaborative learning platform 360learning SA has raised 200 million from Sumeru Equity Partners, SoftBank Vision Fund 2 and Silver Lake. Players can then buy those new cards and add them to their collection. Sorare generates revenue by issuing new cards on the platform. Some of the startup’s existing investors are also investing once again, such as Benchmark, Accel, Headline and various business angels. In addition to SoftBank’s Vision Fund team, Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP and Liontree are also participating in the round. You can expect more partnership announcements with professional sports organizations in the future. With today’s funding round, the company plans to expand to new sports, open an office in the U.S., hire more people and invest in marketing campaigns. It creates a barrier to entry for other companies in the space. What makes Sorare unique is that it has partnered with 180 football organizations, including some of the most famous clubs in Europe, such as Real Madrid, Liverpool and Juventus. Transactions are all recorded on the Ethereum blockchain. Players can buy and sell cards from other players. Each digital card is registered as a unique token on the Ethereum blockchain. Sorare has built a fantasty football (soccer) platform based on NFTs, or non-fungible tokens. SoftBank’s Vision Fund 2 has led a $680 million Series B round, which values the company at $4.3 billion. French startup Sorare has announced that it has raised a significant funding round.
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