Yango Group announces $20m venture fund to support new startups
Yango Ventures aims to provide startups with resources to accelerate their growth while strengthening the tech ecosystem in emerging markets
Global technology company Yango Group has launched Yango Ventures, a corporate venture fund aimed at supporting promising startups across Latin America, Sub-Saharan Africa, the Middle East, North Africa, and Pakistan (MENAP), as well as other high-growth regions where the company operates.
Yango Ventures will focus on early-stage startups, from seed to series B, in the online-to-offline (O2O), B2B SaaS, and fintech sectors.
With an initial fund of $20m, the fund is designed for scalability, with plans to expand its capital base in the near future to match the growth of entrepreneurial ecosystems in dynamic markets.
“We’re more than a tech company; we are an ecosystem committed to empowering entrepreneurs worldwide,” said Daniil Shuleyko, CEO of Yango Group. “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.”
Fund aligns with Yango Group’s broader strategy
The initiative aligns with the group’s broader strategy to foster local innovation by providing both financial backing and access to its extensive expertise and networks. By investing in startups that drive digitalisation and economic development, Yango Ventures aims to create sustainable impact within its target regions.
The fund’s advisory board consists of seasoned experts with experience in scaling B2B SaaS and B2C technology solutions across industries such as mobility, entertainment, fintech, and artificial intelligence. Yango Ventures will also organise networking events, collaborate with educational institutions, and host initiatives that equip future innovators with practical skills.
Read: How Yango’s smart mobility solutions are powering business growth
