Briefing

The Briefing: Sorare Lands $680M, Mirakl Raises $555M, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Sorare lands $680M for soccer NFT platform

Paris-based Sorare, developer of a global fantasy soccer game where players can buy, trade and play with official digital cards, announced that it raised $680 million in a Series B round led by SoftBank.

Sorare says the round is the largest Series B to date for a European startup. Founded in late 2018, the company previously raised just over $50 million, with most of that coming from a $50 million Series A round in February.

The company says it now has over 180 clubs, 6000 licensed athletes, and 600,000 registered users on its platform.

— Joanna Glasner

Mirakl lands $555M Series E, hits $3.5B-plus valuation

Enterprise marketplace developer Mirakl closed a $555 million Series E led by Silver Lake, with participation from 83North, Elaia Partners, Felix Capital and Permira. The new funding increases the company’s valuation to over $3.5 billion—more than double since its $300 million Series D last September.

Mirakl’s platform—used by more than 300 brands—allows companies to launch their own digitized enterprise marketplaces to meet demands of customers.

Founded in 2011, the company, with dual headquarters in Boston and Paris, has now raised a total of $948 million, according to Crunchbase data.

— Chris Metinko

Recharge picks up $35M

Amsterdam-based Recharge, a provider of branded payments products, raised $35 million in a Series B funding round led by new investor SmartFin and existing investors Prime Ventures and Kreos Capital.

— Joanna Glasner

Stairwell closes Series A

San Francisco-based cybersecurity company Stairwell raised $20 million in Series A funding from Sequoia Capital, Accel and Allen & Company LLC. The company’s Inception platform performs threat hunting, detection and response—aiding in determining if the customer was compromised by detecting threats more quickly. Founded in 2019, Stairwell has now raised nearly $25 million, according to Crunchbase data.

— Chris Metinko

Employment

Continuum raises seed round: New York-based Continuum, a talent marketplace for fractional employees, launched today and announced a $2.85 million seed round led by Uncork Capital.

— Joanna Glasner

Illustration: Dom Guzman

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