Random State iLottery company acquires investments from FDJ and Zeal
Random State, a Swedish iLottery and iBingo specialist, has announced a significant funding round, co-led by FDJ United Ventures and Germany's Zeal Network SE. This strategic partnership focuses on driving innovation in the iLottery sector, with the aim of modernizing lottery experiences for global audiences.
The funding round establishes a strategic partnership focused on lottery sector innovation. Key aspects of the partnership include:
- Innovative game development: Random State is committed to creating modern, creative, and engaging online instant lottery and bingo games tailored to diverse user preferences. The company's deep expertise in game design will be leveraged to deliver innovative digital games.
- Expanding market footprint: The investment will support Random State’s entry into additional international markets, targeting new customer segments beyond its current clients in Sweden, Canada, and the UAE.
- Modernizing the lottery experience: The partners share a commitment to making the lottery digital, user-centric, and globally connected, reflecting evolving player expectations and digital trends.
- Strategic growth: The alliance will enable Random State to accelerate innovation, scale operations, and benefit from insights and commercial cooperation with two of the industry’s respected operators—FDJ UNITED Ventures and ZEAL Network SE.
Maxime Sbeghen, head of investments at FDJ, believes that Random State’s focus on innovation and creating engaging, user-centric games aligns perfectly with their vision for the future of the lottery. Juliane Gutsmiedl, investment manager at Zeal Ventures, echoes this sentiment, stating that they are investing into innovation in the iLottery sector with Random State.
The partnership between Random State, FDJ UNITED Ventures, and ZEAL Network SE is designed to propel Random State as a leading innovator in the global online lottery sector by combining capital investment with strategic support to modernize lottery gaming and expand its reach internationally.
Random State provides a turnkey iLottery platform and develops digital instant lottery and bingo formats. The company's clients include Delta Bingo Online, the UAE’s first regulated lottery, and the Swedish lottery company Miljonlotteriet. Adam Fonsica, co-founder and COO of Random State, is proud to welcome FDJ United Ventures and Zeal as strategic investors.
The team at Random State impresses Zeal Ventures with creative game design and a deep understanding of diverse user preferences, providing valuable impulses for the development of Zeal's own portfolio. FDJ United Ventures highlights Random State’s approach to game development, while the partnership between Random State and the investment firms focuses on modernizing lottery experiences for global audiences.
As an international group committed to expanding globally, FDJ is excited to partner with Random State to bring fresh momentum to a modern and future-ready lottery landscape and support their growth in the industry.
[1] FDJ United Ventures [2] Zeal Network SE [3] Random State [4] Press Release (available upon request)
- The strategic partnership between FDJ United Ventures, Zeal Network SE, and Random State is designed to propel Random State as a leading innovator in the global online lottery sector by combining capital investment with strategic support to modernize lottery gaming and expand its reach internationally.
- The partners, FDJ United Ventures and Zeal Network SE, believe that Random State's focus on innovative game development aligns perfectly with their vision for the future of the lottery, creating engaging, user-centric games.
- With the funding from the partnership, Random State, an iLottery and iBingo specialist, will leverage its deep expertise in game design to deliver innovative digital games, including casino games like bingo and gambling technology, expanding its market footprint globally.
