# Discerning Capital

> Discerning Capital is a VC fund in Las Vegas backing Gambling and Software. See 9 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Las Vegas, United States
- Total investments: 9
- Last investment: Jan 2026
- Lead investor: 89%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/discerning-capital
- Website: https://www.discerningcap.com

Discerning Capital is a collaborative capital that focuses on the intersection of gambling, technology, sports, and media.

## Contacts

5 contacts available for Discerning Capital. Shizune tracks 2 team members at Discerning Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/discerning-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $5.6M–$12M |
| Debt Financing | $5M–$100M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Gambling | 2 | 22% |
| Software | 2 | 22% |
| Mobile Apps | 2 | 22% |
| Apps | 1 | 11% |
| Gaming | 1 | 11% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 4 | 44% |
| Debt Financing | 2 | 22% |
| Series B | 1 | 11% |
| Series C | 1 | 11% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 2 | 22% |
| United Kingdom | 2 | 22% |
| Australia | 1 | 11% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Davis M. Catlin | Managing Partner | 2 | https://shizune.co/investors/profile/davis-m-catlin |
| David Williams | Partner | 5 | https://shizune.co/investors/profile/david-williams-3 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Midnite | Building the future of esports betting | $35M | Series C | Jan 15, 2026 |  |
| Outlier | Colorcast is a mobile app that brings live audio commentary to the masses. It is a developer of an audio-first platform designed to enhance live shared visual events with a diversity of choice in the audio commentary. Its platform connects streaming commentators to audiences of sports fanatics and event consumers that enable users to add a take onthe latest sports game, controversial political episode, live awards show, or any engaging event.Colorcast was established in 2019 and operates in Austin, Texas. | $5.7M | Series A | Dec 03, 2025 |  |
| Outlier | Colorcast is a mobile app that brings live audio commentary to the masses. It is a developer of an audio-first platform designed to enhance live shared visual events with a diversity of choice in the audio commentary. Its platform connects streaming commentators to audiences of sports fanatics and event consumers that enable users to add a take onthe latest sports game, controversial political episode, live awards show, or any engaging event.Colorcast was established in 2019 and operates in Austin, Texas. | $5M | Debt Financing | Dec 03, 2025 |  |
| Midnite | Building the future of esports betting | $100M | Debt Financing | Oct 01, 2025 |  |
| Yaspa | Yaspa is an award-winning fintech that delivers personal intelligence through instant payments. Founded in 2017 by a former Worldpay CTO, Yaspa blends open banking and AI to provide Intelligent Payments: real-time bank and stablecoin payments combined with verified customer insights, as well as a full suite of payment and account verificationservices. With offices in London, Leeds, Athens and Atlanta, Yaspa operates across the UK, Europe and US, is regulated by the UK’s Financial Conduct Authority, and is backed by leading investors including Discerning Capital, Fin Capital, SGH Capital & Metavallon VC. | $12M | Series A | Jul 02, 2025 |  |
| Yaspa | Yaspa is an award-winning fintech that delivers personal intelligence through instant payments. Founded in 2017 by a former Worldpay CTO, Yaspa blends open banking and AI to provide Intelligent Payments: real-time bank and stablecoin payments combined with verified customer insights, as well as a full suite of payment and account verificationservices. With offices in London, Leeds, Athens and Atlanta, Yaspa operates across the UK, Europe and US, is regulated by the UK’s Financial Conduct Authority, and is backed by leading investors including Discerning Capital, Fin Capital, SGH Capital & Metavallon VC. | $12M | Series A | Jul 02, 2025 |  |
| Midnite | Building the future of esports betting | $10.1M | Series B | Apr 14, 2025 |  |
| Picklebet | Puntaa is a social daily fantasy sports (DFS) app. | $10M | Series A | Nov 28, 2023 |  |
| SlotCycle | SlotCycle is a premier marketplace that connects buyers and sellers for secondary gaming equipment, combining a state-of-the-art digital platform with robust physical operations. | $5.6M | Series A |  |  |

9 of 9 investments shown.

## Co-investors
- [The Raine Group](https://shizune.co/investors/profile/therainegroup) — VC Fund, 4 deals together
- [BigBets.vc](https://shizune.co/investors/profile/bigbets-vc) — VC Fund, 2 deals together
- [Metavallon VC](https://shizune.co/investors/profile/metavallon-vc) — VC Fund, 2 deals together
- [Play Ventures](https://shizune.co/investors/profile/play-ventures) — VC Fund, 2 deals together
- [Techstars](https://shizune.co/investors/profile/techstars) — VC Fund, 2 deals together
- [Techstars](https://shizune.co/investors/profile/barclays-accelerator) — VC Fund, 1 deal together

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## FAQ

### What does Discerning Capital invest in?

Discerning Capital invests primarily in Gambling, Software and Mobile Apps startups, most often at Series A and Debt Financing stage. Most of the 9 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Discerning Capital's check size?

Discerning Capital typically joins rounds of $5.6M–$12M at Series A and $5M–$100M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Discerning Capital participates in.

### How do I contact Discerning Capital?

Public channels for Discerning Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Discerning Capital?

The team at Discerning Capital includes Davis M. Catlin (Managing Partner) and David Williams (Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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