Yolo Investments launches $250 million Fund III in Abu Dhabi
Yolo Investments has launched Fund III, a $250 million investment vehicle. The fund will focus on Series A to C companies in fintech, crypto, and gaming. The launch follows Yolo Group's shift toward regulated gaming markets.
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Yolo Investments Launches Fund III
Yolo Investments has launched Fund III, a $250 million investment vehicle authorized by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
The fund aims to support Series A to C companies in fintech, crypto, and gaming, with a global investment mandate that emphasizes the Middle East and North Africa (MENA) region.
This marks Yolo Investments’ third flagship fund, continuing its strategy of investing in companies operating across payments, digital assets, and gaming.
The authorization from the FSRA allows Yolo Investments to finalize offering documents, including the limited partnership agreement and private placement memorandum, as it prepares for capital deployment following the first close.
The decision to domicile Fund III in Abu Dhabi was influenced by institutional investor demand for legal and regulatory systems based on English common law.
Chief Executive Tim Heath noted that the jurisdiction’s legal framework and the FSRA’s regulatory approach were key factors in the move to Abu Dhabi.
He stated, “Being regulated in the same jurisdiction as our LPs is now a prerequisite for institutional allocators, and Abu Dhabi clears all the necessary criteria.” The FSRA operates under a principles-based regulatory framework modeled closely on the British system, evaluating firms based on their activities and risk profile rather than strict compliance with detailed prescriptive rules.
Yolo Investments believes this structure is well-suited for venture capital firms investing in evolving sectors.
The company opened an office in Abu Dhabi in 2025 and relocated most of its investment team there as part of its expansion plans in the UAE.
The launch of Fund III follows Yolo Group’s transition towards regulated gaming markets, moving away from unregulated crypto activities to focus on regulated iGaming operations.
Heath described the fund’s investment thesis as centered on “the movement of money,” where fintech companies provide payment infrastructure for gaming projects, and gaming operators serve as anchor customers for fintech and crypto companies.
He emphasized that this ecosystem has become a competitive advantage for founders.
Fund III follows the performance of Fund II, which reported a net internal rate of return of 51.6% and a total value-to-paid-in capital multiple of 1.36x as of December 31, 2025.
Fund II was structured as a Guernsey-registered limited partnership with a total size of €100 million (US $116 million), including contributions from 23 external investors and a matching commitment from Yolo Group.
In addition to launching Fund III, Yolo Group has expanded its UAE gaming operations after receiving two gaming vendor licenses from the UAE’s General Commercial Gaming Regulatory Authority, allowing it to supply iGaming content to the regulated market.
Heath remarked, “Obtaining these licenses in the UAE is more than a regulatory achievement.
It is a statement of intent.
Yolo Group is committed to building the future of gaming on trust, transparency and world-class innovation.”
