Global ride-hailing and tech conglomerate Yango Group has announced the launch of Yango Ventures, a $20 million corporate venture fund specifically targeting early-stage startups in Africa.
Based in Dubai, Yango Group is a tech ecosystem that offers ride-hailing, public transport data, delivery, e-grocery, adtech, maps, entertainment services, AI voice assistant and others.
Yango Ventures aims to foster local innovation and entrepreneurial growth by providing both capital and leveraging its extensive experience and network, creating opportunities for startups to scale effectively.
“We’re more than a tech company; we are an ecosystem committed to empowering entrepreneurs worldwide. At Yango Group, we believe that technology is not just about innovation – it’s a catalyst for tangible progress,” said Daniil Shuleyko, CEO of Yango Group.
“Through Yango Ventures, we’re sharing our expertise and network to help startups scale, thrive, and drive meaningful change in their communities. Our mission is simple: let people grow with us. By supporting local talent with the right tools and resources, we aim to foster sustainable business growth and contribute to resilient, inclusive economies across the globe.”
Yango Ventures focuses on early-stage startups, from seed to Series B, in the online-to-offline, B2B SaaS, and fintech sectors. While it starts with an initial fund of US$20 million, the corporate venture fund is designed for scalability, with plans to expand its capital base in the near future alongside the growing entrepreneurial ecosystems in dynamic, high-growth markets.
