Random State secures FDJ, ZEAL deal to boost iLottery plans
Swedish iLottery and iBingo platform provider Random State has announced a new investment partnership with two of Europe’s leading lottery operators – FDJ UNITED Ventures of France and ZEAL Ventures, the investment arm of Germany’s ZEAL Network SE.
The funding round, whose value has not been disclosed, is aimed at accelerating the company’s expansion plans and enhancing its product development pipeline. Both investors are backing Random State for its creative, user-first approach to digital lottery formats, at a time when the global iLottery sector is gaining momentum.
Support for expansion and innovation
The deal will support Random State’s sales and marketing efforts, in addition to fast-tracking the development of new instant lottery and multiplayer bingo games.
“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,” said Adam Fonsica, Co-Founder and COO of Random State.
Speaking exclusively to SiGMA News, Fonsica said, “Partnering with FDJ United and ZEAL gives us two like‑minded powerhouses at our side. Beyond the investment, we’ll be collaborating to build fresh, innovative lottery games for their players. An accelerator for our roadmap and a clear validation of our innovation-first approach.”
Founded in Gothenburg, Random State has positioned itself as a supplier of turnkey lottery and bingo platforms, focusing on gamified experiences and modular technology. Its clients include Delta Bingo Online, the UAE’s first regulated lottery, and Sweden’s Miljonlotteriet.
Backing from major European players
FDJ UNITED is one of Europe’s largest gaming and lottery groups, while ZEAL is the market leader in German online lottery. Both companies are investing through their respective venture arms.
“Random State’s focus on innovation and creating engaging, user-centric games aligns perfectly with our vision for the future of the lottery,” said Maxime Sbeghen, Head of Investments at FDJ UNITED Ventures. “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.”
ZEAL Ventures also pointed to . “With Random State, we are investing in innovation in the iLottery sector,” said Juliane Gutsmiedl, Investment Manager at ZEAL Ventures. “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.”
Global ambitions
Random State, which already works with clients such as Delta Bingo Online in the UAE and Sweden’s Miljonlotteriet, aims to use this partnership to enter additional markets and reach new customer segments.
Speaking on the agreement, Random State CEO Mattias Westholm said, “Our vision is to reimagine the lottery – digital, user-centric, and globally connected.” He added, “With ZEAL Ventures and FDJ UNITED Ventures, we’ve found strong, strategically-minded partners who share this ambition. This investment allows us to accelerate our innovation pipeline and expand into new markets and customer segments.”
Market context
The partnership comes as digital lottery formats gain traction worldwide. This week, Scientific Games added Battleship and Monopoly to its iLottery Content Hub after securing a licensing deal with Hasbro.
Elsewhere, FDJ recently shared its three-year outlook during its Capital Markets Day, forecasting 5% annual organic growth through 2028. Meanwhile, ZEAL Network SE appointed Stefan Tweraser as CEO earlier this month, hinting at renewed strategic direction.
In Sweden, the national gambling regulator Spelinspektionen has launched a review of the country’s Gambling Act, citing ongoing access to unlicensed gambling platforms as a regulatory concern.
