# Midnite

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/midnite

- Industry: Travel & Leisure
- Headquarters: London, UK
- Website: www.midnite.com
- Total disclosed funding: $61M
- Latest round: Series C (Jan 4, 2026)
- Investors on record: 6

## About

Midnite is a UK-based online sports betting platform that provides a wide range of betting options across multiple sports and gaming categories, catering to both casual and seasoned bettors. Founded in 2015 by Daniel Qu and Nick Wright, Midnite operates from London, UK, offering online sports betting services.  In January 2026, Midnite raised EUR 30 million in series C funding led by The Raine Group, with participation from Play Ventures, Discerning Capital, Makers Fund, and Big Bets. Midnite operates as an online sports betting platform, offering a comprehensive suite of betting options across various sports and gaming categories. Their core product offerings include sports betting on events such as football, horse racing, basketball, and esports, alongside casino games and live dealer experiences. The platform is designed to provide users with a seamless betting experience, enabling customers to place bets on pre-match and in-play events, access virtual games, and participate in promotions that enhance engagement. Midnite primarily serves customers in Great Britain and Ireland, with an emphasis on attracting both casual and experienced bettors who seek a reliable and entertaining gaming environment. Midnite's revenue model is predominantly driven by the collection of stakes from bettors across its sports betting and casino offerings. Users place bets on various sports events or games, and the company generates revenue through the difference between the total stakes and the payouts made to winning customers. The platform employs a direct-to-consumer approach, facilitating transactions through online betting accounts. Customers engage with Midnite by placing pre-match and in-play bets, potentially benefiting from promotional offers that incentivize higher stake amounts, while ensuring compliance with regulatory standards in the jurisdictions served. The company will use the January 2026 funding to support the further development of its product and expansion plans initiatives.

## Funding rounds

- Series C, Jan 4, 2026, $35M — The Raine Group, Makers Fund, Play Ventures, Big_Bets, Discerning Capital
- Series B, Nov 5, 2024, $10M — The Raine Group, Venrex, Play Ventures, Big_Bets, Discerning Capital
- Series A, Feb 1, 2022, $16M — The Raine Group, Venrex, Makers Fund

## Investors

- The Raine Group (https://capitalatlas.ai/funds/the-raine-group) — Series A, Series B, Series C
- Venrex (https://capitalatlas.ai/funds/venrex) — Series A, Series B
- Makers Fund (https://capitalatlas.ai/funds/makers-fund) — Series A, Series C
- Play Ventures (https://capitalatlas.ai/funds/play-ventures) — Series B, Series C
- Big_Bets (https://capitalatlas.ai/funds/big-bets-2) — Series B, Series C
- Discerning Capital (https://capitalatlas.ai/funds/discerning-capital) — Series B, Series C