Midnite, a UK-based betting and casino platform, was founded in 2018 by Nick Wright and Daniel Qu, who previously created the daily fantasy sports platform Dribble in partnership with Sky Bet[1][5]. The company has raised significant capital from a group of prominent investors. Its most recent funding round, a $10 million Series B, was led by Discerning Capital, The Raine Group, and Play Ventures, with additional investment from Venrex and Big Bets[1][5]. This brings the total funding raised to over $35 million.
Ownership of Midnite is not concentrated within a single entity or individual. Instead, it is shared among the founding team and its venture investors. Notably, David Williams (Partner at Discerning Capital) and John Salter (Co-Founder and Partner at The Raine Group) have board positions, reflecting the influence of their respective investment firms[1][3]. Nicholas Wright remains the founder and a key public figure in the company’s leadership[3].
The company is incorporated in the UK, and its technology and brand are operated independently by its in-house team, utilizing funding from this diverse group of institutional backers[1][5].
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