UK-based betting and casino startup Midnite has raised £7.7 million in a series B funding round as it continues to scale its brand and grow its presence across the UK market.
The round was led by Discerning Capital, Raine Group, and Play Ventures, with additional participation from Venrex and Big Bets. As part of the investment, David Williams of Discerning Capital has joined Midnite’s board of directors.
The latest fundraise brings Midnite’s total capital raised to over £27 million.
Earlier this month, Midnite also announced a sponsorship deal with the World Snooker Tour, marking its first major sports partnership.
