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Monday, November 25, 2024

OneFootball: Another Soccer-Crazed Funding Round

  • The soccer-focused media company raised $300 million in a Series D funding round.
  • The round will allow OneFootball to expand its business and deepen its presence in Web3.
OneFootball

OneFootball, a Germany-based media company with a focus on soccer, has raised $300 million in a Series D funding round.

Led by Liberty City Ventures, the round included Animoca Brands, Quiet Capital, RIT Capital Partners, Senator Investment Group, NBA Top Shot maker Dapper Labs, and others. 

The round will help facilitate OneFootball’s expansion and its presence in Web3. It will also support OneFootball Labs, a joint venture with Liberty City Ventures and Animoca Brands.

  • OneFootball currently has more than 100 million active users.
  • The platform allows soccer clubs and leagues to create fan experiences on a blockchain.
  • It also broadcasts live matches and highlights from pro soccer leagues across the world. 

To date, OneFootball has raised roughly $442 million, including a Series C round for an undisclosed amount in December 2017 featuring Adidas as a strategic investor.

Investments in Soccer 

OneFootball adds to a growing list of soccer-centric companies raising capital and embracing tech. TOCA Football, a soccer-focused experiential company, raised $40 million in a Series E funding round in June 2021 that included VC firm and Topgolf lead investor WestRiver Group.

In September 2021, Sorare, a soccer-based NFT and fantasy platform, raised $680 million in a Series B round, valuing the business at $4.3 billion.

Last March, soccer video scouting and social community app Gloria raised $3 million in a seed round led by Seven Seven Six, a VC firm founded by Reddit co-founder Alexis Ohanian.

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