London-based esports betting platform Midnite has closed its seed funding round after raising more than £1.9 million.
The round was led by interactive entertainment-focused venture capital firm Makers Fund, and brings the total raised by Midnite to £3.4 million, with previous investors including Venrex Investment Management and executives from gambling giants Betfair and GVC.
Commenting on the news CEO and Founder of Midnite, 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.
W 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.”
According to Midnite, which claims to be the only dedicated esports betting operator able to accept customers from the United Kingdom, the most popular titles for betting so far are Counter-Strike: Global Offensive, League of Legends and Dota 2.