Yolo Investments eyeing up €100m raise via newly launched fund

Yolo Investments eyeing up €100m raise via newly launched fund

Yolo Investments is targeting an enhanced standing across the realms of blockchain, fintech and gaming via a high-figure capital raise as it prepares to enter 2024.

The company, the investments arm of Estonia-based Yolo Group, is eyeing up a capital raise of €100m to support its cross-sector growth ambitions, conducted via a newly-launched fund.

Yolo Fund II L.P is based in Guernsey and is licenced by the Guernsey Financial Services Commission (GFSC). Additionally, the GFSC has also approved Yolo GP Limited to act as the fund’s investment manager. 

Tim Heath, Founder and GP at Yolo Investments, said: “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 Group was founded back in 2014 initially as a B2B focused firm in the igaming space, operating as the Coingaming Group until a 2021 rebrand to its current identity.

Since its launch, the group has diversified its operations to include a B2C betting arm in the form of the Sportsbet.io brand, as well as its aforementioned activity in the wider blockchain and fintech areas.

Yolo Investments has been central to these expansion ambitions. The arm’s first flagship fund was launched in 2019 and has invested in over 100 assets to accumulate assets under management (AUM) of €$600m and drive an internal return rate (IRR) of 40%.

This week’s newly announced fund will consist of an initial raise of €50m, with an additional €50m to be committed by Yolo Investments’ GPs via investments in various blockchain, fintech and gaming assets.