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Melanie Porter January 31, 2024 3 min read
Yolo Investments Injects €1.13M Funding into Just Slots
Yolo Investments has announced it would support Just Slots’ growth plans with a €1.125 million investment that will help the company prepare ahead of the launch of its pioneer game
Emerging gaming software developer that describes itself as the game-changer in online gaming, “driven by innovation, speed, and creative excellence,” Just Slots, has obtained a €1.125 million ($1.35 million) investment from a venture capital firm that specializes in seed and A-stage investments within the gaming and fintech sectors, Yolo Investments.
The latter focuses on investing “in truly outstanding people with bright ideas, who are focused on innovating and disrupting the norm in all manner of tech startups.”
Just Slots to Launch Its First Game in 2024
The news comes in time for the upcoming release of Just Slots’ first game later in the year. The funding will also help the Malta-based company increase its capabilities, refine its operational frameworks, and streamline its internal game development procedure.
Commenting on the news, Just Slot’s chief executive officer, Thomas Groven, explained the “strategic investment” from Yolo Investments places them in “a strong position” as they are trying to press forward ahead of the upcoming game release.
The announcement, as further explained by Groven, also empowers them to improve their internal operations and attract premium talent to their remarkable team, all of which are critical elements needed to embark on the exciting journey aimed at growth.
The company’s chief commercial officer, Christine Parkhill, also commented on the new partnership, explaining Yolo Investments perfectly aligns with their vision while expressing excitement to work together to beef up their commercial growth next to them in the upcoming years.
Parkhill further added that the new investment will not solely support their business growth but will also improve its technical capabilities, which are all crucial for their success in the future.
Getting Ready for Upcoming Trade Events
The freshly announced investment caps off an important period for the developer that has initiated its journey of establishing itself within the gaming space while actively looking for strategic partnerships with capable businesses that can effectively support its growth.
Just Slots plans to take part in a number of important trade events in Europe, beginning with the highly-anticipated ICE London 2024 that will take place between February 6-8.
For the time being, Yolo Investments holds investments in over 80 companies with total assets under management of €600 million ($650 million).
Last December, Yolo announced the launch of its new flagship investment fund that targeted a capital raise of €100 million ($108 million) while expanding its quick-developing ecosystem of investments across blockchain, gaming, fintech, renewable energies, and other types of emerging technologies.
As explained by founder and GP Tim Heath, in the past few years, Yolo Investments has turned from a simple philosophy to “leverage General Partner expertise, capital, and network” to aid early-stage companies thrive into a well-established Venture Capital fund with over half a billion euros in assets under its management.
The launch of the new Yolo Fund II will give them even better placement for the identification and support of high-growth potential opportunities across a number of fields.