Yolo Investments has finished fundraising for its Fund II after reaching its €100m target amid investment in companies such as Dabble.
The fund comprises €50m in external capital and a €50m commitment from Yolo Group.
As well as the social betting operator Dabble, Yolo’s Fund II includes investment in fantasy sports operator ParlayPlay, Coinmena, a digital assets exchange, and Boomfi, a crypto-fiat payments gateway.
Digitt, a credit card refinancing platform, and Coverd, a gamified personal finance platform, are also involved in Fund II.
Tim Heath, GP at Yolo Investments, said: “We’re absolutely thrilled to be closing our raise for Fund II having hit our target. This took place during challenging market conditions, with global VC fundraising facing significantly more headwinds compared with previous vintages. But investors have looked at our previous funds’ track record and the strength of our ecosystem and have strongly backed us.
“We are humbled by that response as a real vote of confidence, not just in what we’ve built so far, but in where we’re heading next.
“We will continue to back more brilliant founders and help them scale faster, smarter and with the full power of the Yolo ecosystem behind them.”
Yolo said it plans to make a further 10 investments over the next 12 months.
