Yolo Investments Completes Fund II, Reaching Its $115M Target

Yolo Investments, a venture capital, focused on seed- and A-stage investment opportunities across gaming and fintech has closed its flagship Fund II after reaching its target. The firm’s leadership was thrilled to have completed this milestone despite the challenging market conditions.

Yolo Invested in 12 Companies, Plans to Invest in 10 More

Yolo Investments announced the news on LinkedIn, saying that it has closed its flagship Fund II after hitting its EUR 100 million ($114.6 million) target. This fund consisted of EUR 50 million ($57.3 million) from Yolo Group, as well as another EUR 50 million in external capital from the firm’s network of investors.

According to the announcement, Fund II has already backed 12 companies across the iGaming, blockchain and fintech sectors. According to the venture capital firm, the companies Fund II has invested in so far included:

• Dabble: leading social betting operator
• Forever: Network: social-first sports media company
• Boomfi: crypto-fiat payments gateway
• Coinmena: digital assets exchange
• Pave: digital assets-friendly programmable banking
• ParlayPlay: fantasy sports operator
• Mesh: open banking infra for the crypto industry
• Coverd: gamified personal finance platform
• Kraken: top-tier crypto exchange and leader in euro trading volume
• Syfe: investment platform offering managed portfolios, brokerage and cash management
• Meld: crypto ramp aggregator
• Digitt: credit card refinancing platform

Yolo Capital added that it is planning to make another 10 investments over the next year.

Fund II Was a Success Despite Challenging Market Conditions

Tim Heath, a general partner at Yolo Investments, commented on the matter and expressed excitement at his team’s ability to raise the capital it sought.

We’re absolutely thrilled to be closing our raise for Fund II having hit our target… investors have looked at our previous funds’ track record and the strength of our ecosystem, and have strongly backed us.

Tim Heath, GP, Yolo Investments

Heath added that Fund II was a resounding success despite the significant market headwinds. He thanked the company’s network of investors for their incredible confidence.

At the same time, Heath promised that Yolo Investments will continue to look for more “brilliant founders” to back.