PRESS RELEASE. Gaming enterprise capital agency Yolo Investments (previously often called Vereeni Investments) exited its funding in Estonia-based on-line gaming and sports activities betting operator Coolbet for a powerful 5.8x return. The acquisition of Coolbet by GAN Limited marks the primary start-to-exit funding in Yolo’s portfolio.
General Partner and Founder of Yolo Investments Tim Heath mentioned:
“This is a really vital milestone for all of us at Yolo. It makes us particularly proud to have been the early traders for Coolbet, again after we began Vereeni Investments in 2017.”
The funds might be used to reinvest in Yolo’s rising funding portfolio, which spans 46 investments throughout 4 funds centered on fintech, gaming and dwell on line casino, in addition to different associated services and products.
“We want all the perfect for Coolbet because it takes issues to new heights with GAN, and sit up for reaching comparable outcomes with the remainder of our portfolio, of which many are rising considerably in valuation.”
About Yolo Investments
Yolo Investments is a enterprise capital, centered on seed- and A-stage funding alternatives throughout gaming and fintech. Based in Estonia, Yolo’s mission is to put money into excellent folks with vibrant concepts, who’re centered on innovating and disrupting the norm in all method of tech startups.
Founded in 2017 by Tim Heath as Vereeni Investments, Yolo has created a thriving ecosystem with ventures throughout quite a lot of industries, together with fintech, playing, media, software program improvement, crypto and blockchain-related corporations.
Learn extra about Yolo Investments – https://yolo.io
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