Yolo Investments launches new €100 million fund

Yolo Investments is launching a new flagship investment fund which aims to raise €100 million.

Building on its previous fund, Yolo Fund II is structured as a Guernsey-registered limited partnership and is licensed by the Guernsey Financial Services Commission (GFSC).

Yolo Investments’ first flagship fund was launched in 2019 and invested in more than 100 assets, spanning an assets under management (AUM) above €600 million, with an internal return rate (IRR) exceeding 40 per cent.

This included stakes in Dabble, One.io, Proto, Enteractive, Kero Gaming and Caleta Gaming among others.

“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,” said Yolo Investments founder and general partner Tim Heath.

“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 a further €50m committed by Yolo Investments GPs and invested into globally distributed gaming, fintech and blockchain-related asset classes.

In tandem with the fund's approval, the GFSC also approved the investment manager licence for Yolo GP Limited, which will act as the fund's investment manager.