E-sports betting firm Midnite raises $2.5m

David Prior's picture
by David Prior

London-based e-sports betting firm Midnite has raised $2.5million in a round led by gaming-focused venture firm Makers Fund.

The latest round brings the total raised by the company to around $4.5m, with other investors including Venrex Investment Management, GVC and Betfair.

Midnite, which was founded in 2016, launched its private alpha in April 2019 and said that Counter-Strike: Global Offensive, League of Legends and Dota 2 are its most popular titles.

Founder and CEO Nick Wright said: “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.”

Wright previously founded fantasy football app Dribble.