Yolo Investments closes $115 million Fund II, eyes 10 new investments in fintech and gaming

Yolo Investments has officially closed its flagship Fund II after reaching its €100 million ($115 million) target, signaling continued momentum for the venture capital firm despite a tougher global fundraising climate. The fund includes €50 million ($57.5 million) in external capital alongside a €50 million commitment from Yolo Group.

Structured as a Guernsey-registered limited partnership and licensed by the Guernsey Financial Services Commission, Fund II has already deployed capital into 12 companies spanning the gaming, fintech, and blockchain sectors. These include names such as social betting operator Dabble, crypto exchange Kraken, and investment platform Syfe.

The investor base for Fund II comprises 23 partners, including industry founders and sector specialists, enhancing Yolo's network-driven investment model.

“We’re absolutely thrilled to be closing our raise for Fund II, having hit our target,” said Tim Heath, General Partner at Yolo Investments. “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.”

Heath noted that the firm views the support as an endorsement of both its track record and future direction. “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,” he said.

The companies include Dabble, a social betting operator; Forever Network, a social-first sports media company; Boomfi, a crypto-fiat payments gateway; Coinmena, a digital assets exchange; Pave, a programmable banking platform designed to be crypto-friendly; ParlayPlay, a fantasy sports operator; Mesh, which provides open banking infrastructure for the crypto industry; Coverd, a gamified personal finance platform; Kraken, a crypto exchange and leader in euro trading volume; Syfe, an investment platform offering managed portfolios, brokerage and cash management; Meld, a crypto ramp aggregator; and Digitt, which focuses on credit card refinancing.

The firm confirmed it plans to make another 10 investments over the next 12 months as part of its plan to support early-stage ventures across its core verticals. Heath added: “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.”