Yolo Investments launches second fund with €100m capital raise target
Tim Heath-led VC set to expand group’s ecosystem with plans to further invest in gaming, blockchain and fintech
Yolo Investments has launched a second investment fund that is projecting to raise €100m in capital.
Following on from the success of the original fund, the Tim Heath-led VC is now looking to expand its ecosystem of investments across gaming, blockchain and fintech.
The new fund, Yolo Fund II LP, will also explore emerging technologies such as renewable energies.
The fund has been registered in Guernsey and is licensed by the Guernsey Financial Services Commission.
The commission also approved the investment manager licence for Yolo GP Limited, which will act as the investment manager.
The €100m fund will comprise an initial raise of €50m alongside a further €50m that will be committed by Yolo Investments’ general partners.
Yolo Investments, which is one of the three pillars of crypto-first firm Yolo Group, was launched in 2019.
The VC has invested in more than 100 assets, with total assets under management above €600m, with an internal return rate of more than 40%.
Tim Heath, founder and general partner at Yolo Investments, said: “Over the last few years, Yolo Investments has grown from a simple philosophy to leverage general partner expertise, capital and network to help early-stage companies thrive into an established VC fund with more than half a billion euros in assets under management.
“With the launch of Yolo Fund II, we are even better placed to identify and support high-growth potential opportunities across gaming, fintech and blockchain,” he added.
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