Recently launched slot developer Just Slots has gained ‘significant backing’ from Yolo Investments after securing a €1.125m investment from the venture capital firm.
Specialising in investments within the gaming and fintech industries, Yolo Investments has pledged the cash influx to instil confidence in the Malta-based igaming studio and ‘assist Just Slots as it takes the next steps along its growth trajectory’.
The venture capital firm will also help to oversee Just Slots’ game development strategy alongside the company’s leadership team of CEO Thomas Groven and CCO Christine Parkhill, utilising its knowledge and experience gained from previous igaming investments.
Speaking exclusively to CasinoBeats, Groven commented on the investment, stating: “Yolo Investments’ investment in Just Slots is very significant for us. With €1.125m, we’re not just looking at an influx of capital, but at a strategic partnership that enhances our capability to innovate and grow.
“This investment allows us to refine our development processes, ensuring that as we introduce our first game, we’re doing so with a product that truly resonates with both our B2B clients and end-users.
Yolo Investments cash injection will aid Just Slots as it plans to release its first online casino titles, citing an aim of ‘streamlining internal game development processes ahead of launch’.
Groven continued: “Our focus now extends to strengthening our team with skilled professionals, people who can bring fresh perspectives and technical expertise to the table. We are excited about the diversity and creativity this can bring to our game development. It’s not just about expanding our business, but also about deepening our understanding of what makes a game not just good, but great.
“This partnership with Yolo Investments brings a wealth of knowledge from the gaming sector, which is invaluable as we navigate new markets and seek global opportunities.
Just Slots plans to launch its first game later this year, while laying out a strategy to continue forming B2B partnerships in the igaming sector to support its ongoing development.
Parkhill added: “Yolo Investment’s alignment with our vision is exciting, and we look forward to collaborating to accelerate our commercial growth alongside them in the coming years. The investment not only supports our business expansion but also enhances our technical capabilities, which are crucial for our future success.”
