Yolo Investments has successfully wrapped up its fundraising efforts for its flagship Fund II by reaching its €100 million goal, marking a significant milestone despite a challenging market climate.
The fund’s capital structure includes €50 million from external investors and an equal €50 million commitment from Yolo Group itself. This diversified backing brings together a robust cohort of 23 investors, ranging from startup founders to industry pioneers, thereby fortifying the Yolo Investments network and amplifying the strategic support available to its portfolio companies.
Since its inception, Fund II has already invested in 12 promising startups spanning sectors such as igaming, blockchain, and fintech. Among its notable investments are Dabble, Kraken, and Syfe. The fund is poised to deploy an additional 10 investments over the upcoming year, continuing its growth trajectory.
Tim Heath, GP at Yolo Investments, expressed his enthusiasm: “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.
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“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.”
Structured as a Guernsey-registered limited partnership, Yolo Investments’ Fund II operates under the licensing and oversight of the Guernsey Financial Services Commission (GFSC).
