Venture Capital Firm, Yango Group, Debuts $20 Million Investment Fund for Emerging Businesses in MENAP, Africa, and Latin America Regions
Yango Group, a leading global technology company based in Dubai, has announced the launch of Yango Ventures, a corporate venture fund worth $20 million. The aim of Yango Ventures is to collaborate with other venture capital firms and partners, amplifying its investment activities and providing support to entrepreneurs when requested [1].
Yango Ventures targets innovative startups primarily in emerging markets, with a strategic emphasis on the Online-to-Offline (O2O), Business-to-Business Software-as-a-Service (B2B SaaS), and Financial Technology (FinTech) sectors [1]. The fund's geographic focus includes the Middle East, North Africa, Sub-Saharan Africa, Latin America, and South Asia [1].
One of the first investments by Yango Ventures is in Pakistan’s fintech-driven logistics platform, Trukkr [1]. The fund aims to drive digital transformation by supporting startups that increase financial access and operational scale in these regions, particularly targeting underserved or underbanked sectors [2].
The strategy of Yango Ventures includes providing strategic capital to help startups scale operations and technology development, leveraging Yango Group’s global experience from over 30 markets to bring insights and technologies in logistics and fintech, and supporting innovations that digitize traditional sectors and improve credit scoring and financial services for unbanked or underbanked businesses [2][4].
The fund targets 20x returns on its Series A investments and considers Series A startups its "sweet spot" [1]. However, Yango Ventures does not intend to exert substantial control over its portfolio companies [1].
The establishment of Yango Ventures marks a significant growth in Yango Group's operations, extending beyond its primary focus of adapting global technology solutions for local markets. Yango Ventures is actively engaging in discussions with several promising startups that match its investment focus and entrepreneurial mission [1].
In addition to investment activities, Yango Ventures hosts networking events for professionals and collaborates with educational institutions to help develop practical skills for future innovators [1]. The fund's introduction comes at a time when there is increasing interest in venture capital opportunities across emerging markets, with a specific focus on fintech, mobility, and software services [1].
Yango Group's CEO, Daniil Shuleyko, stated that the company is not just a tech company but an ecosystem dedicated to empowering entrepreneurs worldwide [1]. The launch of Yango Ventures is a testament to this commitment, as 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 [1].
[1] Yango Group Press Release, [2] TechCrunch, [3] VentureBeat, [4] Forbes Middle East.
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