The Raine Group, a global merchant bank, led a $16m Series A funding round in Midnite, a licensed esports betting platform, with participation from Makers Fund and Venrex. "We pride ourselves on leveraging the best forms of technology, fan-centric features, and in-house models to offer next level experiences to our users. We're thrilled to be partnering with Raine, one of the most successful investors in gaming, as we seek to expand globally. Raine's funding, as well as its strong relationships in the gaming industry, will be extremely valuable to us as we move forward with our strategic goals as the esports market continues to rapidly grow," Nicholas Wright, Midnite Co-Founder.