Midnite secures £1.9m in seed follow-on funding led by Makers Fund
The London-based esports betting platform raised the funds to support its platform development and growing user waitlist.
Midnite is a UK sportsbook and casino operator that develops its platform in-house to serve players. The firm provides regulated gambling services and pursues international expansion.
London-based esports betting platform Midnite has secured £1.9m in a seed follow-on funding round led by Makers Fund. The capital will support the continued development of its in-house betting platform and cater to a growing waitlist of users.
Since launching its alpha phase, the company has accumulated total funding of £3.4m, drawing backing from existing investors including Venrex Investment Management, GVC, and Betfair. Midnite holds a UK gambling license and focuses its wagering offerings on top-tier competitive titles such as CounterStrike: Global Offensive, League of Legends, and Dota 2.
From the founder
"We have been in an Alpha for half a year now and are already seeing significant turnover. We are building everything in-house and are keen to offer the best experience for esports fans in the market. Customers have been loving the platform and we in turn are fine-tuning the product specifically for them. Every day, our waitlist for access keeps growing and we are extremely pleased with the way the product been received so far."
Nick Wright
Co-founder at Midnite
