Venture capital fund Yolo Investments has acquired an interest in German game development start-up Apparat Gaming.
While financial details of the transaction were not disclosed, iGamingNEXT understands Yolo’s investment in the start-up is in excess of €1m.
This is the first round of external investment for Apparat Gaming, which was founded in 2020 by a team of eight gaming professionals. They have the ambition to “deliver slots that meet German engineering standards as well as the highest artistic quality”.
The company received a B2B licence form the Malta Gaming Authority back in 2021 and has become a supplier of online content for operators in Germany and other European markets.
Alina Dandörfer, co-founder and director at Apparat Gaming, said: “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.”
Apparat Gaming is the latest in a long line of gaming industry investments for Yolo, including Green Jade Games, Turbo Games and Kalamba.
Yolo Investments founder Tim Heath: “We’re always on the lookout for start-ups with a passion for evolution and Apparat ticks that box.”
The Guernsey-based venture capital fund focuses on seed- and A-stage investment opportunities across gaming and fintech, with an emphasis on innovation and tech disruption.
Founded in 2017, the fund today holds investments in more than 55 companies, with assets under management (AUM) of approximately €375m.
Yolo Investments founder and general partner Tim Heath said Apparat Gaming had impressed by achieving remarkable visibility in a very short space of time while making inroads throughout Germany and Europe.
Meanwhile, its technology was eye-catching, as was its commitment to recruiting talent, he said.
“We’re always on the lookout for start-ups with a passion for evolution, and Apparat ticks that box,” Heath added.
“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.”
Last month, Heath talked to the iGaming NEXT podcast about managing crypto investments through a market crash.