Midnite secures £26.1m in Series C funding led by The Raine Group to support product development and international growth
The financing round was led by The Raine Group with backing from existing investors including Play Ventures and Makers Fund.
Play Ventures is a venture capital firm that invests in Web3 and free-to-play gaming companies globally.
Portfolio
6
companies
Dataseat
Dataseat provides a demand side platform that enables mobile app advertisers to handle programmatic media buying internally.
Eterlast
Eterlast develops Web3 gaming ecosystems focused on boxing and rugby.

Metica
Metica provides artificial intelligence driven engagement and monetisation tools for the gaming sector.
Midnite
Midnite operates an in-house technology platform for sports betting and online casino gaming.
Move AI
Move AI offers a markerless motion capture platform that transforms 2D video into 3D character animation.
Nefta
Nefta provides an end-to-end platform for building and scaling Web3 games.

Henric Suuronen
Founding Partner
Henric is a founding partner at Play Ventures. He also serves as a board member and investor across multiple ventures.
LinkedInKenrick Drijkoningen
GP

Harri Manninen
Co-Founder
Harri is a founding partner at Play Ventures and holds board positions across several gaming and technology companies. He brings extensive investment and board-level experience to early-stage ventures.
LinkedInThe financing round was led by The Raine Group with backing from existing investors including Play Ventures and Makers Fund.
The funding round was led by Discerning Capital, the Raine Group, and Play Ventures.
"As investors focused on the global gaming industry, we are incredibly excited to partner with the Midnite team who have built one of the most compelling challenger brands anywhere in the world."

The seed round was led by Play Ventures, 13books, and Firstminute Capital, alongside multiple angel investors.
"We’ve seen a massive opportunity in connecting user acquisition, marketing, and in-game monetization, areas that have long existed in silos. With the emergence of advanced AI technologies, we’re moving the gaming industry to a continuous optimization and personalization mindset, unlocking new potential for growth. Add to this UA growth funding, and we help games supercharge their growth in a long-term sustainable way."
The seed round featured participation from Play Ventures, Warner Music Group, and other backers to accelerate product development and recruitment.
"We’re particularly excited to see Move AI’s impact on reducing development costs and timelines for games companies,"
Play Ventures led the seed round with a $2.5m contribution to help expand the Web3 gaming platform's team and market presence.
"Play Ventures has one of the best portfolios in the world for gaming and Web3. Receiving one of the largest investments from its Future Fund demonstrates their conviction in our team, products and vision. With their support, we’re able to power the next evolution of game economies, showcasing the benefits of blockchain to help our partners build, grow and scale Web3 ecosystems."