Yolo Investments Launches New Sub-Fund for Gaming and Fintech

Yolo Investments has launched a sub-fund that will focus on seed-stage and A-round investment opportunities within the gaming and fintech sectors. Tim Heath, general partner at Yolo Investments, stated, "We have already assembled a diverse portfolio of high-growth companies across gaming and fintech and are now looking to build specialised sub-funds to specifically focus on these verticals." He added that the firm is poised to offer not only capital but also significant advantages through its extensive network. With over €200 million in assets under management (AUM), Yolo is on the hunt for disruptive businesses that can benefit from its support and is officially open to investments from Limited Partners. The fund oversees assets across more than 50 companies, collectively valued at over €200 million, after taking over all assets and holdings from Vereeni Investments. "These new sub-funds in Yolo Investments will continue the fantastic work of Vereeni Investments over the last couple of years," Heath remarked. Previous investments by Yolo include casino content studios OneTouch and Green Jade Games, fintech firms coins.io, Credis Bank, and Yeahka, as well as a new live casino concept called the Bombay Club. Heath, who was the chief executive of Coingaming Group until last year, had gradually reduced his involvement in operational management to focus fully on establishing Yolo Investments as a licensed venture capital entity. Supporting Heath are co-founder of RB Capital Julian Buhagiar, Coingaming Group chief commercial officer Steve Tsao, and OneTouch director Ragnar Toompere as fellow general partners. Coingaming Group's chief operating officer Maarja Pärt and chief investment officer Jaan Lainurm will also be part of the fund’s management board. Recently, Yolo announced a successful exit with a 6x return on its investment in the Estonia-based gaming operator Coolbet, which GAN acquired for $175.9 million in cash and stock in December.