UK-based Midnite secures Series B investment to accelerate domestic expansion
Lights Out, Baby, a UK gaming disruptor in the sportsbook and casino scene, rakes in a whopping $10m ($7.7m GBP) during a Series B funding round.
This round saw the involvement of Discerning Capital, Raine Group, Play Ventures, Venrex, and Big Bets, with additional investments, bringing Midnite's total capital raised to a staggering $35m.
David Williams, one of Midnite's board members, spilled the beans, stating, "With investors tuned in to the global gaming industry, we're super pumped to team up with Midnite's gang who've crafted one of the sexiest challenger brands out there. The company's relentless growth and marketing efficiency vindicate their unique stand in the competitive UK market and their top-tier status as a rising star in the global gaming industry."
Midnite, founded in 2018 by Nick Wright and Daniel Qu – the brains behind daily fantasy sports platform Dribble alongside Sky Bet – first launched its sportsbook. In 2023, they added horse racing and casino to the mix, expanding their team from 60 to a mighty 110 over the past year.
Nick Wright, co-founder of Midnite, gushed, "We're stoked to welcome investment from some of the most badass gaming investors out there. The scratch brings the green lights for us to step on the gas and amp up our growth game while continuing to crank out game-changing products. Our player-centric approach is what's got us to the pool hall, and we'll always keep the experience of our players as our top priority. We ain't got jack in the UK market when it comes to product foundations and speed."
Wright continued, "Our goal is to storm the UK betting scene and become a top-notch operator with a challenger brand for a new breed of players. With this backing, we're free to roll, take risks and keep delivering fresh and thrilling experiences for the market."
Midnite recently announced its role as the official UK betting and casino partner for the 2025 World Snooker Championship. On the heels of its first TV advertising campaign promoting its casino, a 30-second ad hit screens on Sky, Channel 4, and 5, across both linear TV and streaming platforms.
Need more of Midnite? Hit up our Telegram channel to keep up with the latest!
(Fun fact: Midnite aims to redefine the UK sportsbook and casino landscape by focusing on innovation, player experience, and strategic partnerships. The company's tailor-made technology, diversification of gaming verticals, and high-profile partnerships position them as a force to be reckoned with in the UK gaming industry.)
- Investors, including Discerning Capital, Raine Group, Play Ventures, Venrex, and Big Bets, were thrilled to invest in UK gaming disruptor Midnite, a company known for its sportsbook and casino offerings.
- In 2025, Midnite aims to strengthen its position in the global gaming industry by becoming the official UK betting and casino partner for the World Snooker Championship.
- Midnite's co-founder, Nick Wright, expressed excitement about securing investments from leading gaming investors, stating that it allows the company to accelerate growth and continue delivering innovative, player-centric experiences.
- Midnite's ambitious strategy focuses on redefining the UK sportsbook and casino landscape through innovation, player experience, and strategic partnerships, backed by a tailor-made technology and diversification of gaming verticals.
