Random State Secures Strategic Investment to Accelerate Growth in the iLottery Sector
Overview of the Investment Deal
Random State, a Swedish company specializing in iLottery and iBingo solutions, has successfully attracted a significant investment from FDJ UNITED Ventures and ZEAL Network. This financial boost is set to enhance their product offerings and accelerate their market expansion.
Purpose and Impact of the Funding
Through this partnership with FDJ UNITED’s startup fund and one of Germany’s leading online lottery providers, Random State is positioned to innovate and grow. Although the details of the funding amount remain undisclosed, the company has confirmed plans to invest in new game development and broaden its international reach.
The collaboration reflects a mutual goal to transform the lottery experience globally by introducing modern, engaging games.
About Random State
Random State is known for creating advanced turnkey iLottery platforms that deliver digital instant lotteries and bingo games. Their expertise lies in innovative game design that attracts and retains players. Notable clients include Miljonlotteriet in Sweden, Delta Bingo Online, and emerging regulated lottery operations in the UAE.
Leadership Perspectives on the Partnership
Adam Fonsica, co-founder and COO of Random State, expressed gratitude towards FDJ UNITED Ventures and ZEAL, highlighting that the investment confirms their user-centric approach to game development.
He described the partnership as a strategic alignment that will accelerate game innovation and market expansion in collaboration with leading industry players.
Statements from FDJ UNITED Ventures and ZEAL Network
Maxime Sbeghen, head of investments at FDJ UNITED Ventures, welcomed the partnership, emphasizing the shared vision with Random State and the potential to invigorate the global lottery landscape.
Juliane Gutsmiedl, investment manager at ZEAL Ventures, regarded the investment as a commitment to the future of online lottery. She commended Random State’s creativity and deep understanding of varied player preferences, which benefits ZEAL’s portfolio development.