German game developer Apparat Gaming has secured financing from venture capital fund Yolo Investments, as the developer continues to see success from its portfolio of slot games.
Guernsey-based Yolo works across the gaming and fintech industries, with a focus on seed and A-stage investment for innovation and tech disruption.
Yolo Founder and General Partner Tim Heath said: “We’re always on the lookout for startups with a passion for evolution, and Apparat ticks that box. At Yolo, we have a ‘people-first’ attitude and we recognise that Apparat has put together an amazing team of creative individuals with a 360-degree understanding of the industry. We’re delighted to be part of their developing story.”
The investment will be the first round for Apparat, and comes after Yolo has made similar investments in gaming companies, including Green Jade Games, Turbo Games and Kalamba.
Yolo currently has €375m ($381.4m) of assets under management, holding investments in over 55 companies.
Apparat Co-Founder and Director Alina Dandörfer said: “We’re excited that Yolo has chosen us because we know they only invest in the best. It’s a real vindication of everything we’ve worked for. And with Yolo’s backing, we can achieve even great, great things.”
In July 2022, Apparat signed a distribution deal with United Remote, marking the company’s first partnership with a content aggregator. The deal will see Apparat’s full games portfolio distributed by United Remote, building on the existing relationship between the two companies, through which Apparat released its first two titles using United’s Malta licence.