Midnite Announces Series A Round Led By The Raine Group

Midnite, a licensed esports betting platform, announced today the first closing of its $16mm Series A funding round led by The Raine Group, a leading global merchant bank focused exclusively on technology, media and telecommunications. As part of the round, existing investors increased their investment in Midnite. Notable previous backers of Midnite include Makers Fund and Venrex. The Raine Group's Co-Founder and Partner John Salter will join Midnite's Board of Directors and Managing Director Garrett Gomes will become a Board Observer