Just Slots, an emerging gaming software developer, has secured a substantial investment of €1.125 million ($1.35 million) from venture capital firm Yolo Investments, which specializes in seed and A-stage investments in the gaming and fintech sectors. Yolo focuses on investing in outstanding individuals with innovative ideas that aim to disrupt the norm in tech startups.
This investment comes as Just Slots prepares for the upcoming release of its first game in 2024. The funding will support the Malta-based company in expanding its capabilities, refining operational frameworks, and streamlining its game development procedure. CEO Thomas Groven expressed that the strategic investment places them in a strong position ahead of the game release, enabling them to improve internal operations and attract premium talent to their team.
Chief Commercial Officer Christine Parkhill also highlighted the alignment of vision between Just Slots and Yolo Investments, expressing excitement about working together to support commercial growth. The investment will not only aid business expansion but also enhance technical capabilities for future success.
Just Slots has been actively seeking strategic partnerships to support its growth as it establishes itself in the gaming space. The company plans to participate in important trade events in Europe, starting with ICE London 2024 from February 6-8. Yolo Investments currently holds investments in over 80 companies with total assets under management of €600 million ($650 million).
In December, Yolo announced the launch of its new flagship investment fund targeting a capital raise of €100 million ($108 million). Founder and GP Tim Heath highlighted the growth of Yolo Investments from a simple philosophy to a well-established Venture Capital fund, with the launch of the new Yolo Fund II positioning them for better identification and support of high-growth potential opportunities across various fields.