Dubai-based global tech firm Yango Group has launched a $20M corporate venture fund aimed at early-stage startups across the Middle East, North Africa, and Pakistan (MENAP), Sub-Saharan Africa, and Latin America, as reported by Arabian Business.
Named Yango Ventures, the fund will primarily invest in seed to Series B startups within online-to-offline (O2O), B2B software-as-a-service, and fintech sectors. The company plans to expand the fund’s capital as entrepreneurial ecosystems grow in these high-potential markets.
“Our ecosystem empowers entrepreneurs globally,” stated Daniil Shuleyko, CEO of Yango Group. “Through Yango Ventures, we share our expertise and network to help startups thrive and drive positive change in their communities.”
The launch marks the Group’s diversification beyond adapting global tech solutions for local markets. Yango’s portfolio spans ride-hailing, entertainment, payments, and navigation services across 30+ countries.
Yango Ventures aims for 10-20x returns on Series A deals by combining capital with strategic expertise. The fund’s board includes experts experienced in scaling platforms in mobility, entertainment, fintech, and AI.
Focusing on high-growth markets, the fund leverages Yango’s global presence to drive digitalisation and business growth. While no investments have been confirmed yet, discussions are ongoing with startups aligned with its vision.
Unlike typical corporate funds, Yango Ventures won’t seek control over portfolio companies, instead providing support upon request. Additionally, the fund plans to collaborate with other VCs to strengthen its investment activities.
Starting with $20M in capital, Yango Ventures may increase its size based on the performance of initial investments, enhancing its strategy to foster digital transformation and entrepreneurial growth across its target regions.
