Waterhouse VC Secures Option to Buy Stake in Spinlab Studio

Waterhouse VC, an Australian investment fund specializing in global publicly listed and private businesses operating in wagering and gaming, has secured a three-year option to acquire a stake in Spinlab Studio, a no-code iGaming platform allowing clients to build, launch, and scale their own platforms.

Waterhouse Could Acquire a Non-Controlling Stake in the Company

Waterhouse VS’s decision to secure an option to acquire a stake in the studio is broadly in line with the fund’s strategy to leverage a structured option model for the acquisition of non-controlling stakes. This model has allowed Waterhouse to cut costs and only exercise its right to purchase a stake if the business it is interested in meets certain growth targets.

For reference, Spinlab Studio went live earlier this year, offering no-code, white-label iGaming solutions to its clients. Spinlab’s platform combines payments, gaming content, safer gambling tools, KYC protocols, and compliance solutions into a single one-stop shop solution.

Since launching in January, Spinlab has formed agreements with roughly 30 operators.

Spinlab Tackles Key Operational Challenges for iGaming Operators

Tom Waterhouse, chief investment officer at the fund, noted that Spinlab’s biggest strength is that it tackles a “key operational challenge” by helping operators skip some of the most complex steps associated with growing their platforms.

Leon Lanen, Spinlab Studio’s co-founder, explained that Spinlab Studio’s goal was to remove the hassle associated with iGaming operation and allow clients to cut costs. By removing unnecessary friction, Spinlab effectively allows operators to launch more quickly and focus on growing their business.

In the meantime, Spinlab Studio just closed what it called an oversubscribed seed round. The company mentioned the founders and early investors of an unnamed iGaming tech giant as its backers.