Yolo Investments has announced the close of fundraising for its second investment vehicle, Fund II, after securing its €100 million target. The fund comprises €50 million in external capital and an equal contribution from Yolo Group, the fund’s anchor investor.
Fund II has attracted 23 investors, including company founders and industry professionals, with a focus on supporting ventures operating in igaming, blockchain, and fintech sectors. It has already invested in 12 companies, such as Dabble, Kraken, and Syfe, and plans to make approximately 10 additional investments over the next year.
Structured as a Guernsey-registered limited partnership, Fund II is regulated by the Guernsey Financial Services Commission (GFSC).
Tim Heath, GP at Yolo Investments, said: “We’re absolutely thrilled to be closing our raise for Fund II having hit our target. This took place during challenging market conditions, with global VC fundraising facing significantly more headwinds compared with previous vintages. But investors have looked at our previous funds’ track record and the strength of our ecosystem, and have strongly backed us.
“We are humbled by that response as a real vote of confidence, not just in what we’ve built so far, but in where we’re heading next. We will continue to back more brilliant founders and help them scale faster, smarter and with the full power of the Yolo ecosystem behind them.”
