Venture capital fund Yolo Investments has acquired an interest in Germany’s rising-star game developer Apparat Gaming for an undisclosed sum.
Guernsey-based Yolo Investments focuses on seed- and A-stage investment opportunities across gaming and fintech, with an emphasis on innovation and tech disruption. This is the first round of investment for Apparat Gaming, a startup that has been making waves in the gaming space with a range of high-quality slots that have been embraced by top-tier operators.
Apparat Gaming is the latest in a long line of Yolo gaming investments, including Green Jade Games, Turbo Games and Kalamba. Founded in 2017, the fund today holds investments in more than 55 companies, with assets under management (AUM) of €375 million.
Yolo Investments founder and GP Tim Heath said Apparat Gaming had impressed by achieving remarkable visibility in a very short space of time, making inroads throughout Germany and Europe. Meanwhile, its technology was eye-catching, as was its commitment to recruiting talent, he said.
“We’re always on the lookout for startups with a passion for evolution, and Apparat ticks that box,” Heath added. “At Yolo, we have a ‘people first’ attitude and we recognise that Apparat has put together an amazing team of creative individuals with a 360-degree understanding of the industry. We’re delighted to be part of their developing story.”
Alina Dandörfer, co-founder and director at Apparat Gaming, said: “We’re excited that Yolo has chosen us because we know they only invest in the best. It’s a real vindication of everything we’ve worked for. And with Yolo’s backing, we can achieve even great, great things.”