Football media platform OneFootball raises $300mn to expand into Web3

April 30, 2021

By Murtuza Merchant

Berlin-based Football media platform OneFootball raised $300 million led by blockchain fund Liberty City Ventures to expand its presence into web3.

OneFootball, which has more than 100 million active users, has also established a joint venture called OneFootball Labs to enable clubs, leagues, federations and players to release digital assets and fan-centric experiences based on blockchain technology. Fans will also be able to purchase and store digital collectibles with their email and a credit card.

“We believe the future of football away from the stands and off the pitch will be decentralized and built on web3, giving back the ownership of data and digital assets to the fans,” Lucas von Cranach, Founder, and CEO of OneFootball said in a statement on Thursday. The term web3 is used to describe a decentralized version of online services based on blockchain technology.

The series D funding round also included participation from Animoca Brands, Dapper Labs, DAH Beteiligungs GmbH, Quiet Capital, RIT Capital Partners, Senator Investment Group, and Alsara Investment Group.

About the author

Murtuza Merchant is a senior journalist and an avid follower of blockchain and cryptocurrencies.

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