Venture capital firm Waterhouse VC has obtained a three-year option to acquire an undisclosed interest in no-code igaming platform Spinlab Studio.
Spinlab aims to help operators launch and scale by reducing the time, cost and complexity of setting up. Since launching in January, the supplier has onboarded around 30 operators.
The studio targets itself at operators in regulated markets, with inbuilt tools for compliance, payments and responsible gambling.
Spinlab recently closed a seed round of undisclosed value. The capital will be used to “expand sales capacity and accelerate platform development”, according to the supplier.
Pitching itself as a “fully modular, secure and crypto-ready solution designed for maximum performance and global growth”, Spinlab has four pricing tiers in which it supports operator partners launch white-label sites.
Spinlab was co-founded by Leon Lanen and Benjamin Pontier last year. The pair both have experience across Web3 and crypto.
Tom Waterhouse, chief investment officer of Waterhouse VC, said: “Spinlab Studio is one of the fastest-moving platforms we’ve seen in this space, with strong early demand from operators.
“They are addressing a key operational challenge – helping operators bring products to market more efficiently and quickly without the usual complexity.”
Lanen added: “Launching an igaming operation is still too complex and expensive.
“Spinlab Studio removes that friction so operators can get to market quickly and focus on building their business. We aim to do for the igaming industry what Shopify did to e-commerce.”
Last April, Waterhouse VC secured an option in another startup comparing itself to Shopify: Maincard. The startup claims its no-code platform can fully launch an online betting site in under 30 minutes.
Waterhouse, founded in the summer of 2019 by the ex-William Hill Australia CEO, has achieved a gross total return of 3,611%, or 74% at an annualised rate, as of 28 February 2026.
Startups that have undergone funding rounds in the past 12 months include Odditt, Outlier, LEBOM, InsightPlay.ai and The Game Tribe.
Industry veteran Tom Waterhouse first launched an online sportsbook TomWaterhouse.com in 2010 which was then acquired by William Hill in 2013 and relaunched in 2018.
The post Waterhouse VC secures three-year option in Spinlab Studio first appeared on EGR Intel.
The startup aims to “do for the igaming industry what Shopify did to e-commerce”, echoing Tom Waterhouse’s description of fellow startup Maincard last year
The post Waterhouse VC secures three-year option in Spinlab Studio first appeared on EGR Intel.