The Raine Group

The Raine Group is an integrated merchant bank and growth capital investor focused on technology, media, entertainment and sports. Founded in 2009 and based in New York, it advises and funds high-growth companies and leverages a global network to create value for portfolio companies and clients across the United States, Europe and Asia. The firm pursues growth capital investments in media, entertainment, sports, lifestyle, information technology, mobile and retail sectors, applying industry expertise and strategic relationships to support scale and transformation.

Naveen Asopa

Managing Director

Michael Branch

Senior Vice President, Portfolio Partnerships

Avidha Chakrabarti

Associate

Fred Davis JD

Partner

James Dolan

Associate

Past deals in Gambling

Midnite

Series B in 2025
Midnite is a platform building the future of esports betting by offering sports betting and casino features that let users bet on football matches and players, compete with others, and win prizes. The platform supports online gaming and esports tournaments and enables participation in online fantasy football leagues, providing a convenient, secure, and hassle-free experience for gamers and multiplayer enthusiasts to engage with the expanding esports ecosystem.

Xpoint

Seed Round in 2022
Xpoint provides geolocation security and geo-compliance solutions for the sports betting and online gaming industries worldwide, with a focus on regulatory adherence in the US iGaming market. Its technology detects and mitigates fraud, false data, spoofing, and device tampering, helping operators verify player location and protect against prohibited tools. In addition to fraud mitigation, the platform generates data that can support marketing efforts, enabling partners to navigate evolving compliance requirements and maintain trust in global iGaming operations.

Midnite

Series A in 2022
Midnite is a platform building the future of esports betting by offering sports betting and casino features that let users bet on football matches and players, compete with others, and win prizes. The platform supports online gaming and esports tournaments and enables participation in online fantasy football leagues, providing a convenient, secure, and hassle-free experience for gamers and multiplayer enthusiasts to engage with the expanding esports ecosystem.

Jackpocket

Series D in 2021
Jackpocket, Inc. is a New York-based company founded in 2013 that operates a mobile application enabling users to buy official state lottery tickets conveniently. The app, available on iOS and Android devices, serves as a licensed third-party lottery courier, allowing players to order tickets for their preferred games, check results, participate in lottery pools to increase their chances of winning, and receive alerts for any winnings. The platform promotes a secure and responsible approach to lottery participation, having facilitated over $450 million in lottery prizes, including a record-breaking $9.4 million win in New Jersey. Jackpocket operates in numerous states, including Arizona, New York, and Texas, with plans to expand into more markets.

Arcadia Gaming

Venture Round in 2021
Arcadia Gaming Solutions is a developer of a live-streaming platform that caters to online gaming providers by delivering live arcade games. The company specializes in integrating physical arcade machines into online casinos, allowing players to remotely control these machines through a secure system. This innovative approach features a patented return-to-player mechanism similar to that of traditional slot games, providing users with a unique gaming experience. By combining the excitement of physical arcade gaming with the convenience of online play, Arcadia Gaming Solutions aims to enhance the offerings of online casinos and engage players in a new way.

Jackpocket

Series C in 2020
Jackpocket, Inc. is a New York-based company founded in 2013 that operates a mobile application enabling users to buy official state lottery tickets conveniently. The app, available on iOS and Android devices, serves as a licensed third-party lottery courier, allowing players to order tickets for their preferred games, check results, participate in lottery pools to increase their chances of winning, and receive alerts for any winnings. The platform promotes a secure and responsible approach to lottery participation, having facilitated over $450 million in lottery prizes, including a record-breaking $9.4 million win in New Jersey. Jackpocket operates in numerous states, including Arizona, New York, and Texas, with plans to expand into more markets.

Bayes Esports Solutions

Series A in 2017
Bayes Esports Solutions is a Berlin-based provider of official live esports data and data distribution platforms. The company offers BEDEX, an esports data exchange, and Esports Directory, delivering high-quality data directly from the source to data consumers. Founded in 2018, Bayes serves media clients, licensed betting operators, and digital service providers, and supports a diverse ecosystem of data users with analytics and monetization opportunities across popular game titles.

DraftKings

Series D in 2015
DraftKings is a digital sports entertainment company offering daily fantasy sports contests, online sports betting, and iGaming opportunities. It operates in the United States and Canada, with a presence in 28 states for sports betting and five states for iGaming.

DraftKings

Series C in 2014
DraftKings is a digital sports entertainment company offering daily fantasy sports contests, online sports betting, and iGaming opportunities. It operates in the United States and Canada, with a presence in 28 states for sports betting and five states for iGaming.
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