Yango Ventures will focus on early-stage startups in the online-to-offline, B2B SaaS and fintech sectors to drive digital transformation.
Dubai-headquartered technology provider of ride-hailing, delivery, scooter-sharing and adtech platform, Yango Group, has launched a $20m corporate venture fund Yango Ventures to support promising startups from LatAm, Sub-Saharan Africa and MENAP.
Yango Ventures is part of the group’s broader strategy to drive digital transformation globally, with the fund supporting local innovation and entrepreneurial growth by providing capital and leveraging its parent’s experience and network to open new opportunities for startups.
“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,” said Daniil Shuleyko, CEO of Yango Group.
The group has plans to expand the fund’s capital base in the near future while investing in regions where it has a strong presence to support tech-driven solutions that promote digitisation and economic development.
The workforce behind Yango Ventures includes a team with expertise in developing and scaling B2B SaaS and B2C technology into worldwide platforms and products in mobility, entertainment, fintech and AI sectors.
Yango Ventures will focus on early-stage startups, from seed to series B, in the online-to-offline, B2B SaaS and fintech sectors.
