Midnite secures $10m Series B funding for UK expansion

UK-based igaming operator Midnite has raised $10 million in a Series B funding round to support its continued growth in the domestic market. The latest investment was led by Discerning Capital, alongside The Raine Group and Play Ventures, with follow-on participation from Venrex and Big Bets. This brings the total funding secured by Midnite to over $35 million.

As part of the deal, David Williams, Partner at Discerning Capital, will join Midnite’s board of directors.

Founded in 2018 by Nick Wright and Daniel Qu, Midnite initially launched as a sportsbook and has since expanded its offering to include casino and horse racing. The company reported significant internal growth over the past year, doubling its headcount from 60 to 110 employees.

Earlier this month, Midnite was named the official UK betting and casino partner of the 2025 World Snooker Championship. This followed the launch of its first television advertising campaign, which included placements across major UK broadcast channels and streaming platforms.

The new funding is expected to further accelerate Midnite’s position in the competitive UK igaming market, supporting both product development and broader brand-building initiatives.

Williams, a specialist growth investor focusing on online gambling, said: “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.”

Co-founder Wright said: “We’re thrilled to have the support of some of the best investors in gaming. This capital enables us to hit the gas and accelerate our growth strategy while continuing to build game-changing products.

“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.”