What does Midnite do?
Midnite is a London-based provider of a sportsbook and casino platform that focuses on delivering a safe, customer-centric gaming experience. The company offers a range of products including sports betting, casino games, and has recently expanded its portfolio to include horse racing. It operates under strict regulatory oversight, being licensed by the Great Britain Gambling Commission and the Irish Revenue Commissioner.
How much did they raise?
Midnite raised $10M in its Series B round, which was led by Discerning Capital, Raine Group, and Play Ventures, with additional participation from Venrex and Big Bets. This round is part of the company’s ongoing effort to secure capital for further growth and innovation.
What are their plans for the money?
The funds will be used to accelerate product innovation, expand marketing efforts, and boost its growth in the UK market. This injection of capital is expected to drive enhanced customer experiences and support the company’s ambition to solidify its position in the competitive gaming sector.
What have they achieved so far?
Since its founding in 2018 by Nick Wright and Daniel Qu, Midnite has raised over $35M in total funding, grown its team to 110 members in the past 12 months, and successfully expanded its product offering to include horse racing and casino games, marking significant progress in its mission.
