Yolo Investments has received approval in Abu Dhabi to manage its third investment fund. The new Fund III is targeting a $250m raise under Yolo Investments general partner Tim Heath.
The approval was granted by the Financial Services Regulatory Authority of Abu Dhabi Global Market on May 19. It allows Yolo III Limited to manage the fund from ADGM.
Fund III targets gaming, fintech and crypto
Fund III will focus on Series A to C investments across gaming, fintech and crypto. The fund can invest globally, but Yolo is placing extra focus on the Middle East and North Africa. The strategy continues Yolo’s long-running view that gaming, payments and crypto are becoming more connected. Gaming companies need payment and digital asset infrastructure, while fintech and crypto firms often find early customers through gaming operators.
Yolo’s investment strategy remains focused on money movement companies. That gives the fund a clear link to iGaming, where payments, wallet systems, compliance tools and digital finance products remain important parts of the market.
Fund II performance supports bigger raise
The new fund follows Yolo’s second fund, which closed at €100m in 2025. Fund II included €50m from external investors and a €50m commitment from Yolo Group.
Yolo reported a 51.6% net internal rate of return and 1.36x total value to paid-in capital for Fund II as of Dec. 31, 2025. Those results give the firm a stronger base for raising a larger third fund.
Fund II backed companies across gaming, fintech and crypto, including Dabble, Kraken, Syfe, ParlayPlay, Boomfi and Coinmena. The portfolio shows how Yolo has used gaming and finance links across different markets.
Abu Dhabi becomes a strategic base
Yolo selected ADGM because it offers an English common law framework, a principles-based regulator and access to institutional capital. The firm’s investment team is now based across Dubai and Abu Dhabi.
The UAE has also become more important for Yolo’s wider business. Group companies have been pursuing regulated growth in the region, including gaming supplier approvals linked to the country’s emerging gambling framework.
Fund structure sits inside ADGM
Yolo III Limited is registered inside Abu Dhabi Global Market, giving the fund a regulated base in the UAE capital. ADGM has become a common route for investment managers seeking access to regional institutions and international capital.
The structure also places Yolo closer to a market where gaming, fintech and digital assets are receiving more regulatory attention. That position fits the fund’s focus on companies operating across those three sectors.
