iLottery firm Random State secures investment from FDJ and Zeal
Swedish iLottery and iBingo specialist Random State has announced it secured a significant funding round co-led by FDJ United Ventures and Germany’s Zeal Network SE, establishing a strategic partnership focused on lottery sector innovation.
The investment will support Random State’s development of new games and expansion of its sales and marketing efforts. FDJ United Ventures operates as the investment arm of FDJ United, one of Europe’s leading lottery and gaming operators, while Zeal Network SE is Germany’s largest online lottery provider.
Random State provides a turnkey iLottery platform and develops digital instant lottery and bingo formats.
The Gothenburg-based company’s clients include Delta Bingo Online, the UAE’s first regulated lottery, and Swedish lottery company Miljonlotteriet.
Adam Fonsica, co-founder and COO of Random State, said: “We are incredibly proud to welcome FDJ United Ventures and Zeal as strategic investors. Their backing validates our approach to creating modern, user-centric lottery and bingo games characterised by creative game design.
“This collaboration is a perfect strategic fit, providing the resources to fast-track our game development and scale our commercial footprint into new territories, hand-in-hand with two of the most respected operators in the industry.”
FDJ cites innovation focus
The companies said the partnership centres on shared objectives to modernise lottery experiences for global audiences, with both investment firms highlighting Random State’s approach to game development.
Maxime Sbeghen, head of investments at FDJ, said: “Random State’s focus on innovation and creating engaging, user-centric games aligns perfectly with our vision for the future of the lottery.
“As an international group committed to expanding globally, we are excited to partner with them to bring fresh momentum to a modern and future-ready lottery landscape and support their growth in the industry.”
Juliane Gutsmiedl, investment manager at Zeal Ventures, added: “With Random State, we are investing into innovation in the iLottery sector. The team impresses with creative game design and a deep understanding of diverse user preferences — providing us with valuable impulses for the development of our own portfolio.”
https://next.io/news/investment/random-state-investment-fdj-zeal/