Just Slots secures €1.1m injection from Yolo Investments
Venture capital firm injects funds to help supplier attract talent and streamline game development processes ahead of first game launch later this year
Just Slots has secured €1.125m in investment from venture capital firm Yolo Investments in a significant landmark for the startup.
The supplier will launch its first game in 2024 and the capital injection will allow the company to streamline its game development processes , refine its operational frameworks and attract “top-tier talent”.
As part of the investment, Yolo Investments will help Malta-based Just Slots in its growth trajectory following the company’s launch in 2023.
Just Slots is led by former PressEnter Group chief commercial officer (CCO) Thomas Groven as CEO and CCO Christine Parkhill, who spent six years with Push Gaming in various roles, culminating in her position as commercial director.
Groven explained why the investment was important to the supplier and what it will do for the firm ahead the launch of its first game.
He said: “Today’s announcement puts us in a strong position as we look to press forward ahead of the launch of our first game later this year.
“The strategic investment from Yolo Investments empowers us to enhance our internal operations and attract top-tier talent to our remarkable team. These elements are vital as we embark on this exciting growth journey.”
Parkhill added: “Yolo Investment’s alignment with our vision is exciting, and we look forward to collaborating to accelerate our commercial growth alongside them in the coming years.
“The investment not only supports our business expansion but also enhances our technical capabilities, which are crucial for our future success.”
Yolo Investments launched a second fund in December with the aim to raise €100m in capital to invest in gaming, blockchain and fintech