Seedcamp invested in Sorare in 2019.
Seedcamp is a European seed-stage venture capital fund which was launched in London in 2007. Seedcamp has a successful track record of being the earliest backer of a number of leading companies such as Revolut, Wise, Hopin and UiPath. Seedcamp tend to have standard investment and legal terms for the pre-seed round and will follow the terms of lead investors at the seed round. Seedcamp will lead pre-seed investment rounds but will partner with other lead investors for seed rounds. Seedcamp tends to invest £300k in exchange for 6-7% at the pre-seed level and £500k at the seed level.
Sorare is a fantasy footbal game built on the Ethereum blockchain. Sorare issues football player cards as NFTs which users can buy and sell. The game has had a lot of traction with nearly 1M registered users and raised a $680M in September 2021 to accelerate its growth.
Seedcamp's partner, Sia Houchangnia explained that they invested in Sorare because they have an exceptional team and are building what they think will be first mass market crypto game.