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Yolo Investments closed its flagship fund II funding after achieving its 100 million euro target.
The fund consists of €50 million in external capital and a commitment of €50 million from Yolo Group.
It brings together a network of 23 investors, including founders and industry thought leaders, further strengthening the Yolo Investments Ecosystem and increasing the strategic value they can offer to portfolio companies.
Fund II already supports 12 companies across Igaming, Blockchain and Fintech, with notable investments such as Dabble, Kraken and Syfe. We plan to make 10 more investments over the next 12 months.
Tim Heath, GP of Yolo Investments, said: “We are very excited to close the Fund II salary increase and achieve our goal, which was done in a challenging market situation, which has faced a huge number of headwinds in global VC funding compared to previous vintages.
“We will continue to support better founders, not just what we have built up, but where we are heading for, and help us expand the full power of our eloecosystem behind us, faster, smarter.”
Yolo Investments’ Fund II is configured as a Guernsey registered Limited Partnership and is approved by the Guernsey Financial Services Committee (GFSC).
Meet The 12 Companies Fund II has invested so far…
Dabble: The leading social betting operator
Forever Network: Social First Sports Media Company
Boomfi: Crypto-Fiat Payments Gateway
Coinmena: Digital Asset Exchange
Pave: Digital Asset-Friendly Programmable Bank
Parlayplay: Fantasy Sports Operator
Mesh: Open banking infrastructure for the crypto industry
Cover: Gaming personal finance platform
Kraken: Top tier crypto exchanges and leaders in euro trading volume
SYFE: An investment platform that offers managed portfolios, brokerages and cash management
Meld: Crypto Ramp Aggregator
Digitt: Credit Card Refinance Platform
About Yolo Investments
Yolo Investments is a fund manager who invests in truly excellent people with bright ideas who are innovating and disrupting the standards of Igaming, Fintech and Crypto. For more information, please visit Yolo.io
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