OneFootball boasts over 100 million monthly active users who enjoy its diverse football content.
Germany-based football media company OneFootball has secured $300 million in a Series D funding round led by venture capital fund and blockchain incubator Liberty City Ventures. Announcing the Series D funding on April 28, OneFootball listed Animoca Brands and Quiet Capital as participants in the round. Other participants are Dapper Labs, Senator Investment Group, Alsara Investment Group, DAH Beteiligungs GmbH and RIT Capital Partners.
OneFootball said the funds raised would be used to expand its business. The company also plans to invest in OneFootball Labs and web3 companies. OneFootball wants to bring blockchain technology to football by providing affordable, unique and accessible experiences for fans. To this end, OneFootball has entered into a new partnership with Animoca Brands and Liberty City Ventures.
Additionally, the company said OneFootball Labs “will enable clubs, federations and players to unleash digital assets and fan-centric experiences based on blockchain technology.“The digital collectibles will be available at various prices, and fans will be able to purchase them with a credit card.
OneFootball Raises $300M in Series D Funding Round
As the partnership solidifies, Animoca Brands Executive Chairman Yat Siu will join the boards of OneFootball and OneFootball Labs.
Satisfied with the Series D funding, the OneFootball Founder and CEO said:
OneFootball will transition tens of millions of football fans from Web2 to Web3, while maintaining the thing our platform was built on – a commitment to the real-world fan. We believe the future of football, beyond the stands and the pitch, will be decentralized and built on Web3, returning ownership of data and digital assets to fans.
The CEO mentioned that OneFootball and OneFootball Labs will transform the digital fan experience. He is confident that users will have more access and ownership while getting closer to football.
Murtaza Akbar, a managing partner at Liberty City Ventures said LCV is popular for financially supporting companies building the Web3 ecosystem. The manager underlined the company’s enthusiasm to take such a step in the world of football.
Dapper Labs co-founder Mik Naayem also expressed satisfaction with the investment. According to him, this agreement brings “the world’s greatest sport to our growing Flow ecosystem“.
OneFootball has over 100 million monthly active users who enjoy its diverse football content. The media company streams content from hundreds of leagues around the world. Last year, OneFootball broadcast over 15,000 live streams, which charge users pay-per-view.