Gaming and fintech sub-fund launched by Yolo Investments

Yolo Investments, an investment fund run by Coingaming founder Tim Heath, has announced the launch of a new gaming and fintech sub-fund.

According to reports, the fund will seek investments focussed on A-stage and seed-stage opportunities in fintech and gaming markets. 

Yolo, wh ich was founded in 2017 and was rebranded from Vereeni to Yolo, was created by Heath to draw on his experience across the gaming, blockchain and technology spaces. 

New investment opportunities

Reportedly keen to move away from the management of the crypto-casino and sports betting operator, Heath decided to concentrate on growing Yolo's reputation as a venture capital organisation.

"We have already assembled a diverse portfolio of high-growth companies across gaming and fintech and are now looking to build specialised sub-funds to specifically focus on these verticals," explained Heath, who added that the new sub-fund is concentrating on seed-stage and A-stage investment opportunities.

Currently, Yolo Investments manages assets in over 50 companies, with a collective value of over $242m. The investment fund has also inherited all Vereeni Investments assets and holdings.

"These new sub-funds in Yolo Investments will continue the fantastic work of Vereeni Investments over the last couple of years," Heath said, adding that Yolo was now in a position to provide significant upside to investments via the company's network.

"With more than $242m AUM, we are actively searching for disruptive businesses to which we can add value and open for investment from Limited Partners," he pointed out.

Heath, who was an early adopter of Bitcoin, said the fund's previous investments include Casino Content Studios, OneTouch and Green Jade Games, and fintech companies coins.io, and Credis Bank.

The move was followed by the successful floating of Yeahka on the Hong Kong Stock Exchange. The leading Chinese payment-solution technology platform specialises in the provision of payment and business services to merchants and consumers.

The fund has also announced its first successful exit, obtaining a six-fold return on its investment in Coolbet, the Estonia-based gaming operator acquired by GAN Limited in 2020. 

Heath is partnered with co-founder of RB Capital, Julian Buhagiar, Coingaming Group chief commercial officer Steve Tsao and director of mobile casino developer OneTouch Ragnar Toompere, who will be general partners in the fund.

Maarja Pärt, Coingaming Group's CEO, and the group's chief investment officer, Jaan Lainurm, will also sit on the fund's management board.