Midnite has secured USD 35m (ca. EUR 30m) in Series C funding after what it described as a strong year for the business. The round adds fresh capital as the operator looks to scale its platform and operations. The Midnite Series C marks another step in its longer-term growth plans.

• The USD 35m Series C round was backed by The Raine Group, alongside Play Ventures, Discerning Capital and Makers Fund. All participants were existing investors, continuing their support rather than introducing new shareholders. The company did not disclose valuation details as part of the announcement.

• Midnite said the funding will be used to further invest in product development and customer-facing features. The focus remains on improving performance, usability and entertainment-driven experiences. The Midnite Series C funding is intended to support these efforts through 2026 and beyond.

• Announcing the raise, the company said: “We’re excited to show what we’re capable of as we expand our footprint and push the product even further.” Midnite added that it remains focused on building world-class entertainment experiences for its users.

• Midnite – which was founded in 2018 by Nick Wright and Daniel Qu – operates an online sportsbook and casino platform, with a strong focus on digital-first and entertainment-led betting products. The company targets a younger audience through esports, traditional sports betting and in-house technology. Product development is handled largely internally.

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