Published: January 16, 2026 at 9:03 am
Sportsbook and casino operator Midnite has raised $35 million (£26.1m) in fresh funding as it ramps up plans to become a “tier-1” challenger brand.
The London-based firm’s Series C round was led by Raine Partners IV, the growth equity fund of The Raine Group, a global investment and advisory business focused on sectors including gaming, sport, tech and entertainment.
Existing investors Play Ventures, Discerning Capital, Makers Fund and Big Bets also backed the round, taking Midnite’s total equity funding to more than $75m.
The company also secured a $100m credit facility earlier this year to support marketing and wider growth initiatives.
It said the new capital will be used to scale operations, speed up development of its in-house sportsbook and casino products, as well as support international expansion.
A large portion of the investment will go into hiring, with the business planning to further build out its product and engineering functions.