Tim Heath’s Yolo Investments launches gaming and fintech sub-fund
Investment vehicle managing more than €200m in assets targets further gambling success after Coolbet exit
Tim Heath’s venture capital vehicle, Yolo Investments, has launched a new gaming and fintech sub-fund as it searches for investment opportunities across the two sectors.
Yolo Investments was launched in 2020 by former Coingaming Group CEO Heath and has now assumed all the assets and holdings of his previous fund, Vereeni Investments.
Yolo has invested in over 50 companies split across four funds and boasts more than €200m in assets under management (AUM).
The fund is now targeting high-growth gaming firms, with a new sub-fund focused on seed and A-stage investment opportunities.
It has previously invested in casino content studios OneTouch and Green Jade Games as well as new live casino concept the Bombay Club.
Yolo Investments made its first successful exit last year after achieving a six times return on its investment in Estonia-based sports betting operator Coolbet after it was acquired by GAN.
Heath said: “These new sub-funds in Yolo Investments will continue the fantastic work of Vereeni Investments over the last couple of years.
“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.
“As well as capital, we are now in a position to provide significant upside to our investments via our network and we are actively searching for disruptive businesses to which we can add value,” he added.
RB Capital co-founder Julian Buhagiar and OneTouch product manager Ragnar Toompere will be general partners in the fund alongside Heath and Coingaming Group CCO Steve Tsao.
Coingaming Group CEO Maarja Pärt and chief investment officer Jaan Lainurm will sit on the board.