Just Slots, a gaming software developer known for its innovation and creative excellence, has secured a significant investment of €1.125 million ($1.35 million) from Yolo Investments, a venture capital firm specializing in gaming and fintech sectors.

The Malta-based company is set to launch its first game in 2024, and the investment from Yolo Investments will not only support the upcoming release but also help Just Slots increase its capabilities and streamline its internal game development procedure.

CEO Thomas Groven expressed the strategic importance of the investment, stating that it puts them in a strong position as they push ahead with their upcoming game release. The funding will enable the company to improve its internal operations and attract top talent, essential elements for growth.

Christine Parkhill, the company’s chief commercial officer, also emphasized the alignment of vision between Just Slots and Yolo Investments, indicating excitement about working together to drive commercial growth in the coming years.

Additionally, the investment will enhance the company’s technical capabilities, crucial for future success in the industry.

The investment announcement marks an important phase for Just Slots as it establishes itself in the gaming space and seeks strategic partnerships to support its growth. The company is preparing to participate in key trade events in Europe, with ICE London 2024 being the first on the list.

Yolo Investments, with over 80 companies in its portfolio and total assets under management of €600 million ($650 million), recently launched a new flagship investment fund aiming to raise €100 million ($108 million) while expanding its ecosystem across various emerging technologies.

Founder and GP Tim Heath highlighted the evolution of Yolo Investments from a philosophy to a well-established Venture Capital fund, enabling them to identify and support high-growth opportunities in different fields.

The launch of the new Yolo Fund II positions the firm for better identification and support of potential opportunities across multiple sectors.

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