DATE TBC – Yolo Investments has made a significant investment in social betting app Dabble, as it further expands its portfolio of gaming-focused investments.

Dabble is revolutionising the way sports betting content is consumed in Australia by combining the best of social media with wagering.

Built upon a lightning fast network and ready to scale, Dabble provides users with a destination to engage and interact while sharing betting experiences.

Users can follow other punters, copy their bets and discuss their next moves. The app also provides a virtual grandstand from which to join the action, including dynamic notifications, live scores and chat threads.

Yolo Investments GP Tim Heath said: “Social betting is not only a fast-growing segment of the gaming space, but also one with the potential to re-write the rules and disrupt the industry as a whole. We’ve been impressed by the Dabble team’s understanding of this opportunity. With a scalable platform and a forward-thinking team, Dabble is well-placed to become the breakout star of social betting.”

Dabble co-founder Jon Robin said: “We have turned to Yolo Investments to supercharge the next stage of our growth because no other venture capital fund understands betting and gaming like they do. While this funding will help us deliver the Dabble experience to new audiences, we equally look forward to plugging into the Yolo network to ensure a bright future for the project.”

Yolo Investments’ gaming-focused fund (one of the  5 sub funds they now manage) currently comprises investments in 16 companies and has an AUM of 97 million euros. It includes holdings in some of the most innovative companies in gaming, including OneTouch, Green Jade Games and Hub88.

For more information about Dabble, please visit: https://www.dabble.com.au/

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