Onefootball raises $300 million
Sophie Deistler
| 29.04.2022
Onefootball wants to venture into Web3 to offer digital content via blockchain technology. But first, the company cracks the billion-dollar valuation mark.
Soccer media platform Onefootball has closed a $300 million Series D funding round. Liberty City Ventures led the round, and Animoca Brands, Dapper Labs, DAH Beteiligungs GmbH, Quiet Capital, RIT Capital Partners, Senator Investment Group, and Alsara Investment Group also participated.
With the funding from the financing round, Onefootball aims to accelerate the growth of its platform, invest in product development, and expand its OTT streaming portfolio. The media platform is also looking to venture into Web3 through a joint venture with Animoca Brands and Liberty City: 'Onefootball Labs' will enable clubs, leagues and players to release blockchain technology-based fan content and experiences. Fans can then purchase these from an online store. "Onefootball will take millions of soccer fans from Web2 to Web3 while maintaining what our platform was built on - real-world fan engagement," says Onefootball founder and CEO Lucas von Cranach.
In doing so, Onefootball will benefit from the blockchain and NFT expertise of Animoca Brands. Its co-founder and chairman Yat Siu now joins the board of Onefootball and Onefootball Labs. Investor Dapper Labs also becomes a strategic partner in Onefootball Labs, providing its blockchain infrastructure.
Onefootball has been in existence since 2008 and operates an online media platform for soccer fans. There, the company publishes soccer news, statistics, live tickers and highlight videos in twelve languages. Soccer matches are also streamed live on the portal. According to the company, around 100 million soccer fans visit the Onefootball website every month.
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Startup
2012
Berlin
OneFootball
Football media platform for the new generation of football fans.
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