Yolo Investments secures stake in Apparat Gaming

German startup Apparat Gaming has secured an undisclosed investment from venture capital fund Yolo Investments.

The Guernsey-based investment company’s interest in the developer takes its holdings to 55 companies with assets under management (AUM) of €375m.

Yolo Investments was launched in 2020, as Vereeni Investments, and its primary focus is seed- and A-stage across gaming, crypto and fintech including Triggybet, Green Jade Games and Coolbet.

Apparat Gaming was founded in 2020 by Alina Dandörfer and Thomas Wendt and secured its Malta Gaming Authority licence in 2021.

The supplier holds RGS agreements with the likes of Relax Gaming and Pariplay.

Yolo Investments founder Tim Heath said Apparat’s rapid growth in Germany and Europe, along with its “eye-catching” technology were key reasons for the investment.

Heath said: “We’re always on the lookout for startups with a passion for evolution, and Apparat ticks that box.

“At Yolo, we have a ‘people first’ attitude and we recognise that Apparat has put together an amazing team of creative individuals with a 360-degree understanding of the industry. We’re delighted to be part of their developing story,” he added.

Dandörfer noted: “We’re excited that Yolo has chosen us because we know they only invest in the best.

“It’s a real vindication of everything we’ve worked for. And with Yolo’s backing, we can achieve even greater things.”