Yolo Investments has acquired a stake in Apparat Gaming, a Germany-based iGaming studio and developer. The details of the financial transactions are not immediately available to the public.
Apparat Gaming’s first investment round is a success
Yolo Investments has focused its efforts on early stage and A-stage investment opportunities in fintech and gaming, making the current investment in Apparat Gaming a valuable opportunity. The company is trying to acquire more technology assets that can help it disrupt the iGaming industry as we know it and bring innovative and player-centric products.
In the case of Apparat Gaming, this is the first round of investment that the company has received, with the developer committing to produce high-quality slots that are already available on the shelves of some of the most prominent operators.
The current partnership is just one of many, with Yolo Investments, which was founded in 2017 and already owns shares in more than 55 companies. The investment arm’s assets under management have already reached €375 million, an impressive figure. Yolo has interests in prominent operators such as Kalamba, Turbo Games and Green Jade Games. Among other high-profile companies.
Commenting on the latest opportunity and investment round in Apparat Gaming, Yolo Investments founder Tim Heath said:
We are always looking for startups with a passion for evolution, and Apparat ticks that box. At Yolo, we have a ‘people first’ attitude and we recognize that Apparat has assembled a great team of creative individuals with a 360-degree understanding of the industry. We are excited to be a part of their development story.
Yolo Investments founder Tim Heath
Yolo Investments has made steady forays into the industry and has made significant equity acquisitions over the past five years. The company praised Apparat Gaming’s own reach in the European and German markets and said the company has been able to develop an immersive technology platform.
Building on German-accented games
Apparat Gaming co-founder and director Alina Dandörfer welcomed the opportunity in a similar way. She argued that this support from Yolo will allow the company to achieve “big, great things” in the months and years to come.
Apparat Gaming insists on developing iGaming products with a distinct “German accent”. The studio is formed by a number of iGaming veterans who are committed to building the best possible products in the industry. Since 2021, the developer has had a Malta Gaming Authority license, which has allowed it to expand rapidly across the board.
Last week, Apparat Gaming signed its first aggregator agreement with United Remote, enabling the company to rapidly expand to new audiences. Apparat also signed a similar distribution partnership with Relax Gaming in June.