Dubai-based global tech conglomerate Yango Group has unveiled Yango Ventures, a $20 million corporate venture fund aimed at accelerating the growth of early-stage startups in Africa.
Yango Group, known for its broad tech ecosystem, operates in sectors ranging from ride-hailing, public transport data, delivery, and e-grocery to adtech, digital maps, entertainment, and AI voice assistants. The launch of Yango Ventures reinforces its commitment to fostering local innovation and supporting entrepreneurs in emerging markets, particularly in Africa’s rapidly expanding startup ecosystem.
With Africa increasingly becoming a global hub for tech-driven solutions, Yango Ventures aims to provide both financial investment and strategic expertise to promising startups. The fund will focus on early-stage companies, from seed to Series B, operating in sectors such as online-to-offline (O2O) services, B2B SaaS, and fintech.
By leveraging its extensive experience, global network, and deep industry insights, Yango Ventures plans to help African startups scale efficiently, improve market positioning, and drive long-term growth.
Yango Group’s Vision for Africa’s Startup Ecosystem
Daniil Shuleyko, CEO of Yango Group, emphasized the company’s vision of empowering entrepreneurs and driving economic progress through innovation:
“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.
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.”
Expanding Opportunities in High-Growth Markets
Africa’s venture funding landscape has evolved significantly in recent years, with startups securing billions in funding across fintech, mobility, e-commerce, and logistics. However, early-stage companies still face significant challenges in securing capital, mentorship, and operational support.
Yango Ventures is designed to bridge this gap, offering not only financial backing but also strategic guidance, access to global partnerships, and technological infrastructure.
While the fund starts with an initial $20 million capital base, Yango Ventures is built for scalability, with plans to expand its investment pool as it deepens its footprint in Africa’s fast-growing entrepreneurial landscape.
Yango Ventures is not just a short-term funding initiative; it represents a long-term commitment to building sustainable and globally competitive startups in Africa and other emerging markets. By integrating its investment strategy with Yango Group’s existing tech infrastructure and services, the company aims to drive innovation, enhance market accessibility, and create a stronger foundation for digital transformation.
As the African startup ecosystem continues to flourish, Yango Ventures is set to become a key player in funding and nurturing the next wave of innovative companies, helping them achieve global scale and impact.
