Yolo Investments, an Estonia-headquartered investment firm with a focus on gaming, blockchain, fintech, and emerging technologies, has officially introduced its latest flagship investment fund, Yolo Fund II LP.
With an ambitious target of €100 million ($109 million) in capital, it is set to fortify the company’s already extensive portfolio in cutting-edge industries, aligning with its long-term objectives.
Yolo Investments Betting on Evolution
Tim Heath, Founder and GP at Yolo Investments, stated, “Over the last few years, Yolo Investments has grown from a simple philosophy to leverage General Partner expertise, capital, and network to help early-stage companies thrive into an established Venture Capital fund with more than half a billion euros in assets under management. With the launch of Yolo Fund II, we are even better placed to identify and support high-growth potential opportunities across gaming, fintech, and blockchain.”
Yolo Fund II LP, licensed by the Guernsey Financial Services Commission (GFSC), began its journey with an initial €50 million ($54.f million) raise in 2019, backed by an additional €50 million commitment from Yolo Investments GPs. The funds are specifically earmarked for investments in global gaming, fintech, and blockchain-related assets.
Since its launch, the VC has invested in over 100 assets, spanning an AUM above €600 million ($654 million), with an IRR (internal return rate) exceeding 40%.
Heath expressed his enthusiasm for the new fund, terming it as a significant milestone. In a recent interview, he stated, “It’s a tough market, but my money would be on Evolution.”
Yolo Investments operates as the venture capital arm of the Yolo Group, an innovator and operator behind leading iGaming platforms such as Sportsbet, Bitcasino, and Slots.io. The company has successfully integrated crypto technologies into the traditional online casino experience.
Yolo Investments recently launched the LearnCrypto educational initiative aimed at providing accessible and engaging resources for crypto literacy, a crucial skill in an increasingly decentralized financial landscape.
Pioneering Innovation in Gaming and Blockchain
Founded in 2014, Yolo Group has rapidly evolved and expanded its portfolio to include more than 20 innovative products. With a headcount of over 900, its key focus area is gaming, where it strives to bring the latest innovations to the world of Bitcoin gaming.
The firm’s brands offer an array of exciting options, including the world’s most popular slots, immersive live casino games, and millions of betting opportunities on sporting events, including eSports.
Yolo Group Product Portfolio
Yolo Group boasts a diverse portfolio of over 20 products, each designed to cater to the unique needs and preferences of its users. Here are some of their standout offerings:
Bitcasino.Io: Offering a vast selection of table games, live tables, and slots, all while prioritizing quality, safety, and trust, Bitcasino.io leads the way in the world of crypto casinos.
Sportsbet.Io: Sportsbet.io is a dynamic cryptocurrency sportsbook that embraces fun, speed, and fairness. It caters to players’ expectations with a broad selection of top sports and events. The Sportsbet.io Casino complements this by providing exquisite table games, live tables, and the newest slot games in the market.
Slots.Io: Specializing in simple yet entertaining slots, Slots.io ensures a seamless experience for slots enthusiasts. With a trendy selection of high-quality games, Slots.io provides a fresh and exciting platform for players seeking top-notch entertainment and quality.