4 years ago

Midnite Secures $16 Million Series A Funding to Expand Esports Betting Platform

  • Midnite, a UK-based esports betting platform, raised $16 million in Series A funding led by The Raine Group with participation from existing investors Makers Fund and Venrex

  • The funds will be used for growth initiatives including expanding their Sportsbook, CashMode, and Casino offerings

  • Midnite is currently licensed with the British Gambling Commission and is pending licensing approval with the Malta Gaming Authority

  • They have also launched in Brazil and are expanding into Mexico.

      • ProblemTechnology

      "Esports betting is currently limited to traditional betting platforms that don't cater specifically to esports fans."

      Solution

      "Midnite is a dedicated esports betting platform with a user experience specifically designed for esports fans. It offers a range of betting options, including traditional sports betting, cashmode where gamers can bet on their own gameplay, and a casino designed for gamers."

      Covered on