Venture Capital Firm, Yango Group, Announces $20 Million Investment Fund for Emerging Businesses in MENAP, Africa, and Latin America Regions.
Yango Group, a global technology company based in Dubai, has announced the launch of a new corporate venture fund named Yango Ventures. The fund, with an initial commitment of $20 million, aims to invest in early-stage startups that are building critical digital infrastructure in emerging markets.
Focus on Digital Transformation and Sustainable Growth
Yango Ventures' strategy is twofold. First, it aims to provide capital to startups that show promise in the mobility, logistics, fintech, and AI sectors. Second, it offers deep operational expertise, leveraging Yango Group's global experience in these areas to help startups scale effectively and integrate seamlessly with Yango's existing operations.
The fund's focus is on backing local leaders who have already established a market presence, rather than building from scratch. This approach allows for vertical integration by investing in companies that digitize key sectors such as transportation and logistics.
Target Regions and Investment Sectors
Yango Ventures primarily targets investments in the MENAP (Middle East, North Africa, and Pakistan), Sub-Saharan Africa, and Latin America regions. These regions are seen as high-growth markets with significant potential for digital transformation in logistics, mobility, and financial services.
The fund will focus on seed to Series B investments in the online-to-offline (O2O), B2B software-as-a-service, and financial technology sectors.
A Mission to Empower Entrepreneurs
Daniil Shuleyko, CEO of Yango Group, stated that the company is not just a tech company but an ecosystem dedicated to empowering entrepreneurs worldwide. Yango Ventures offers support to entrepreneurs when requested, providing guidance and connections as needed.
Yango's mission is to let local talent grow with them, by providing the right tools and resources to foster sustainable business growth and help build resilient, inclusive economies worldwide. The fund does not intend to exert substantial control over its portfolio companies, instead choosing to let them grow organically with Yango's support.
Networking and Collaboration
In addition to its investment activities, Yango Ventures hosts networking events for professionals and collaborates with educational institutions to help develop practical skills for future innovators. The fund also aims to collaborate with other venture capital firms and partners to amplify its investment activities.
Yango Group, with Yango Ventures as a key part of its broader strategy, is committed to fostering digital transformation and promoting entrepreneurial growth in high-potential markets. Although the fund has not yet made any investments, it is actively engaging in discussions with several promising startups.
[1] BuuPass: A mobility platform digitizing bus transport in Kenya. [2] Trukkr: A fintech and logistics platform digitizing trucking services and financial access for operators in Pakistan. [3] Yango Group's existing portfolio includes the ride-hailing service Yango Ride, the entertainment platform Yango Play, the payment solution Yango Pay, and the navigation service Yango Maps, all of which are available in over 30 markets worldwide.
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