- Yolo Investments has announced its new Yolo II L.P fund which will raise capital for expansion into blockchain and other emerging sectors.
Yolo Investments has announced the launch of its new flagship investment fund, targeting a capital raise of €100 million, as it further expands its fast-growing ecosystem of investments across gaming, blockchain, fintech and other technologies such as renewable energies.
Yolo Fund II L.P
Building on its previous fund, Yolo Investment’s new fund, Yolo Fund II L.P., is structured as a Guernsey-registered limited partnership and is licensed by the Guernsey Financial Services Commission (GFSC).
Yolo Investments’ first flagship fund, launched in 2019, invested in over 100 assets, spanning an AUM (assets under management) above €600 million, with an IRR (internal return rate) exceeding 40%. In tandem with the fund’s approval, the GFSC also approved the investment manager license for Yolo GP Limited, which will act as the fund’s investment manager.
Tim Heath, Founder and GP at Yolo Investments, stated that:
“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.”
The €100m fund will constitute an initial raise of €50m, alongside which a further €50m will be committed by Yolo Investments GPs, and invested into globally distributed gaming, fintech, and blockchain-related asset classes.
We partner with unique individuals building great companies.
From establishing his first venture capital firm in 2017, Tim Heath continues to draw upon two decades of experience within the iGaming and emerging technology industries.
He was an early adopter of Bitcoin and is also a Founder and Board Member of the Yolo Group, which operates the globally recognised gaming brands such as bitcasino.io and sportsbet.io. Tim specialises in transforming ideas into successful businesses, and has done so with such brands as the innovative content aggregator Hub88.io, and the mobile- focused games studio OneTouch.io.
Tim founded Yolo Investments to draw upon his experience across the gaming, fintech and blockchain spaces. Yolo is designed to leverage a network that can supercharge the growth of young companies.
Every day we look for the best companies to become their permanent partners
About Yolo Investments
Yolo Investments is a venture capital firm focused on seed and A-stage investment opportunities across the gaming, crypto and fintech sectors. Based in Guernsey, Yolo Investment’s mission is to invest in tech startups led by outstanding people with bright ideas focused on innovation and disrupting the industry norms.
We’re looking for start-ups and people with a burning passion for constant evolution, who are never afraid to step into the unknown.
For more information, please visit: https://yolo.io
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Yolo Investments is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.