The live casino startup founded by LeoVegas co founder Gustaf Hagman and former NetEnt executive Jonas Delin uses motion capture and AI generated digital dealers, with a Spain launch planned for June 2026.
Avanti Studios has closed a EUR 10 million seed round after its latest EUR 5 million tranche became oversubscribed and closed on 19 May 2026. Genting Casinos UK, which participated in the company’s initial seed round, returned as a key investor. The funding positions Avanti for the imminent launch of its first live casino products, with Spain confirmed as the initial market and Brazil identified as a subsequent deployment target.
Key Takeaways
Avanti Studios has raised EUR 10 million in total seed funding across two tranches, with the latest EUR 5 million round closing oversubscribed on 19 May 2026. Genting Casinos UK returned as a key investor, reinforcing its position from the initial round. The company was founded by Gustaf Hagman (LeoVegas co founder) and Jonas Delin (former NetEnt executive). Avanti’s technology merges motion capture of live dealers with AI and 3D graphics to create digital dealers hosting games in real time. Spain is confirmed as the launch market, with Brazil targeted for subsequent rollout.
Technology Platform: Motion Capture Meets AI
Avanti Studios’ core differentiation is its production methodology. Rather than operating traditional studio based live dealer tables, the model pioneered by Evolution and adopted by Pragmatic Play Live, Playtech Live, and others, Avanti uses motion capture technology to record live dealer movements and expressions, then renders them as AI enhanced digital dealers in a 3D environment.
The practical implication is a live casino product that maintains the human element of dealer interaction while eliminating the operational overhead of physical studio infrastructure, dealer staffing at scale, and the geographic constraints of studio locations. If the technology delivers at production quality, it represents a fundamentally different cost structure for live casino content.
Founding Team Credibility
The founding team adds institutional credibility to the raise. Gustaf Hagman co founded LeoVegas, one of Europe’s most successful mobile first casino operators, and served as CEO through its growth phase and eventual acquisition by MGM Resorts. Jonas Delin held executive roles at NetEnt during the company’s peak creative period.
The combination of operator side experience (Hagman) and content production experience (Delin) aligns with a company that needs to understand both how operators evaluate live casino content and how to build scalable production technology.
Genting’s Strategic Position
Genting Casinos UK’s return as an investor is strategically significant. Genting operates one of the UK’s largest land based casino estates and has been expanding its digital operations. Investing in a next generation live casino technology company positions Genting as both an early adopter and a potential distribution partner for Avanti’s products.
For Avanti, having a major land based and online operator as an investor provides both capital and a potential first customer, a combination that de risks the go to market phase.
