iLottery Specialist Random State Secures Investment from FDJ United & ZEAL Network

Random State, a Swedish iLottery and iBingo company, announced that it has secured significant investment from FDJ UNITED Ventures and ZEAL Network. The money received from these two giants will empower the business, allowing it to enhance its products.

Random State Will Use the Money to Grow

By teaming up with FDJ UNITED’s startup investment fund and one of Germany’s top online lottery providers, Random State has secured significant funding that will power its future endeavors.

While the exact sum received by the Gothenburg-based company was not disclosed, Random State confirmed that it will use the funds to drive innovation within the lottery sector, develop new games, and expand its geographical footprint.

According to the official announcement, the partnership with FDJ UNITED and ZEAL “underscores a shared commitment to modernizing the lottery experience for a global audience.”

Random State, for context, specializes in cutting-edge turnkey iLottery platform solutions. The company develops digital instant lottery and bingo games that are underpinned by a profound understanding of engaging game design. The company’s clients include Swedish lottery company Miljonlotteriet, Delta Bingo Online, as well as the UAE’s nascent regulated lottery.

An Investment in the Future of iLottery

Random State’s co-founder and chief operating officer, Adam Fonsica, thanked FDJ UNITED Ventures and ZEAL for their incredible help. According to him, this backing validates his company’s approach to creating “modern, user-centric lottery and bingo games characterized 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.

Adam Fonsica, co-founder & COO, Random State.

Representatives of FDJ UNITED Ventures and ZEAL Ventures said that their companies were likewise pleased with the agreement.

Maxime Sbeghen, head of investments of FDJ UNITED Ventures, celebrated the deal, saying that Random State’s ethos aligns perfectly with ZEAL.

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.

Maxime Sbeghen, head of investments, FDJ UNITED Ventures

Juliane Gutsmiedl, investment manager at ZEAL Ventures, added that the investment in Random State is an investment in the future of the online lottery space. Gutsmiedl praised Random State for its creativity, saying: “The team [of Random State] 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.”