Midnite Secures $10 Million in Series B to Accelerate UK Expansion
UK-based sportsbook and casino platform Midnite has raised $10 million in a Series B funding round, pushing its total capital raised to over $35 million. The investment will support its rapid expansion and product innovation as the company aims to challenge tier-1 operators in the UK market.
Backed by Leading Gaming Investors
The Series B round was led by Discerning Capital, The Raine Group, and Play Ventures, with additional support from Venrex and Big Bets. As part of the deal, David Williams, Partner at Discerning Capital and a specialist in high-growth online gambling ventures, joined Midnite’s board of directors.
David Williams commented on the investment:
“As investors focused on the global gaming industry, we are incredibly excited to partner with the Midnite team who have built one of the most compelling challenger brands anywhere in the world. The company’s continued growth and marketing efficiency validate the company’s unique positioning in its home market of the UK and its broader status as a best-in-class emerging operator globally.”
Continued Growth and Market Ambitions
Co-founder of Midnite, Nick Wright expressed confidence in the company’s trajectory:
“Our product-centric approach is what has got us to where we are today and we will continue to place the experience of our players as our highest priority. We have product foundations and velocity that no operator has in the UK market. Our goal is to disrupt the UK betting market and become a tier-1 operator with a challenger brand platform for a new generation of players. With this backing, we can move faster, be bolder, and continue to bring fresh, exciting experiences to the market.”
In April, Midnite was named the official UK betting and casino partner of the 2025 World Snooker Championship. This high-profile partnership boosts the brand’s visibility among mainstream sports fans. It came shortly after the launch of Midnite’s first TV ad campaign. A 30-second spot aired on Sky, Channel 4, and Channel 5, across both traditional broadcasts and streaming platforms.