Yolo Investments has successfully completed fundraising for its flagship Fund II, hitting its €100 million target despite what were described as challenging
Yolo Investments has successfully completed fundraising for its flagship Fund II, hitting its €100 million target despite what were described as challenging global market conditions for venture capital. The fund notably combines €50 million in external capital with a €50 million commitment from Yolo Group itself, drawing support from a network of 23 investors, including founders and industry thought leaders.
Fund II has already strategically deployed capital across 12 companies spanning the iGaming, blockchain, and fintech sectors. Notable investments include established players such as Kraken, a top-tier crypto exchange and leader in euro trading volume; Syfe, a Singapore-based investment platform; and social betting operator Dabble. The fund plans to make approximately 10 additional investments over the next 12 months, signaling continued expansion. These investments also extend to areas like crypto-fiat payments gateways (Boomfi), digital assets exchanges (Coinmena), programmable banking services (Pave), fantasy sports platforms (ParlayPlay), and open banking infrastructure for crypto (Mesh).
Tim Heath, general partner at Yolo Investments, commented on the successful close of Fund II, stating that they are “absolutely thrilled” to have hit their target. He acknowledged that this achievement took place amidst challenging market conditions, with global venture capital fundraising facing significantly more headwinds compared with previous vintages. Heath noted that investors have looked at their previous funds’ track record and the strength of their ecosystem, and have “strongly backed us.” He added that they are “humbled by that response as a real vote of confidence, not just in what we’ve built so far, but in where we’re heading next,” affirming their intent to “continue to back more brilliant founders and help them scale faster, smarter and with the full power of the Yolo ecosystem behind them.”
Fund II operates as a Guernsey-registered limited partnership and is licensed by the Guernsey Financial Services Commission (GFSC), underscoring its regulated status. Yolo Investments focuses on investing in disruptive companies primarily across the iGaming, fintech, and cryptocurrency sectors.
The successful closure of Fund II, despite a global environment characterised by difficult economic conditions, start-ups being overvalued, and increasing difficulty in exiting investments efficiently, highlights investor confidence in Yolo’s strategy and ecosystem. The fund’s approach of leveraging its network to help portfolio companies grow and address global financial challenges faced by iGaming companies, particularly in cross-border fund transfers, is a key part of its appeal.
