Yango Group, an UAE-based tech firm, which runs ride hailing and related services in the UAE, Africa and other emerging markets, has launched Yango Ventures, a $20 million corporate venture fund to invest in promising startups across LATAM, Sub-Saharan Africa and MENAP.
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.
According to 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 O2O (Online-to-Offline), B2B SaaS, and FinTech sectors. While it starts with an initial fund of $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.
The ventures arm comprise a diverse team with deep expertise in transforming B2B SaaS and B2C technology into impactful services across various industries worldwide. The team has successfully developed and scaled platforms and products in sectors such as mobility, entertainment, fintech, AI, and beyond, both within the company and externally.
Yango Ventures is part of Yango Group‘s broader strategy to empower entrepreneurs and drive digital transformation globally. Across different regions, the group organises networking events for professionals to exchange ideas, partner with educational institutions and host events that give future innovators practical skills.Â