Yolo Investments announces launch of gaming-focused sub-fund

Yolo Investments announces launch of gaming-focused sub-fund

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Category: Blog, Industry News
Posted by: AffPapa
Yolo Investments

Yolo Investments, the venture-capital fund owned by Tim Heath, has announced the release of a sub-fund. This will mainly be aimed towards the financial technology and gaming industries and will be on the lookout for seed and A-stage chances all over these two specific sectors.

The company had already invested in two gaming-content studios Green Jade Games and OneTouch and even Bombay Club, which is a live casino concept, way before the release of this new sub-fund, as well as investing in fintech disruptions coins.io, Yeahka and Credis Bank.

Yeahka is a pioneering Chinese technology platform which is payment-based and excels in different types of services (payment and business mainly) to both customers and traders. The business was successfully floated on the Hong Kong Stock Exchange publicly after the investments made by Tim Heath’s firm.

Aside from that, Yolo Investments went through with its very first exit that ended up successfully after it obtained a six-fold return on one of its investments. This was its investment in the Estonian operator that GAN Limited took over back in December, Coolbet.

Yolo Investments’ General Partner Tim Heath stated:

These new sub-funds in Yolo Investments will continue the fantastic work of Vereeni Investments over the last couple of years. 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. As well as capital, we are now in a position to provide significant upside to our investments via our network.  With more than €200 million AUM, we are actively searching for disruptive businesses to which we can add value and open for investment from Limited Partners.

Heath was the former CEO and Founder of the Coingaming Group before he started working on Yolo Investments just last year. He has since been attempting to change his professional direction and concentrate on improving the firm’s status instead of pouring all his work into the management of the operator and crypto-casino.

Moreover, this principal fund undertook the entirety of the holdings and assets of the one before it, which was called Vereeni Investments. These assets include investments in 50+ companies with a total market value of more than €200 million, which were divided into four separate funds.