Waterhouse VC Takes 3-Year Option in Spinlab Studio
Waterhouse VC has secured a 3-year option to acquire an interest in Spinlab Studio, a no-code iGaming product built to help operators launch online betting and casino operations without building full technical infrastructure.
The deal was announced on May 8, 2026. Spinlab Studio launched in January 2026 and has onboarded around 30 operators, according to the company.
Spinlab Studio combines payments, game integrations, compliance tools and backend systems in one product. The company says the product supports operators in regulated markets and includes responsible gambling tools at the core.
Operators can start with a free trial. Paid plans begin at approximately US$1,299 per month, with tiered pricing that scales with operator activity.
Tom Waterhouse, Chief Investment Officer of Waterhouse VC, said Spinlab Studio addresses a clear operating problem for gambling businesses trying to bring products to market faster and with less technical complexity.
Leon Lanen, Co-Founder of Spinlab Studio, said launching an iGaming operation remains too complex and expensive for many businesses. “Spinlab Studio removes that friction so operators can get to market quickly and focus on building their business,” Lanen said. “We aim to do what Shopify did to E-commerce, for the iGaming industry.”
Spinlab Studio also recently closed an oversubscribed seed round, backed by founders and early investors from a leading listed European iGaming technology company. The company did not disclose the backer’s name. It plans to use the funding to expand sales capacity and develop the product further.
TGJ Take
Waterhouse VC has not bought Spinlab Studio outright. The option structure gives the fund time to test whether early operator demand converts into durable revenue. Around 30 onboarded operators in four months is a useful signal, but the key question is retention once customers move from trial or early adoption into paid, scaled usage. For smaller operators, products like Spinlab Studio reduce launch friction, but they also create dependency on third-party infrastructure from day one.
