Yango Group Launches $20 Million Venture Fund to Support Startups
Dubai-based Yango Group has announced the launch of its new corporate venture fund, Yango Ventures, with an initial budget of $20 million. The fund is set to focus on supporting Series A startups in regions including the Middle East, North Africa, Pakistan, South Africa, and Latin America. Targeting sectors such as fintech, software, and online services, Yango Ventures aligns with global trends in digital transformation and aims to foster innovation in high-growth markets.
Daniil Shuleiko, CEO of Yango Group, emphasized that the fund’s mission extends beyond financial returns. “Our goal is to build an ecosystem that empowers entrepreneurs to grow and make a meaningful impact on the economy,” he stated. Leveraging Yango’s extensive experience and network, the fund will provide startups with the resources and guidance needed to scale sustainably and thrive in competitive markets.
Yango Ventures will prioritize startups with strong market positions and scalable business models, where the group’s expertise can add significant value. The fund also plans to engage professionals with backgrounds in mobility, entertainment, and artificial intelligence to offer tailored support to its portfolio companies.
Notably, Yango Ventures will adopt a hands-off approach to governance, allowing founders to retain full autonomy over their operations. The fund will not seek board seats or exert significant control over management. Instead, it will offer support on request, providing strategic advice, industry connections, and other resources to help startups achieve their goals.
The launch of Yango Ventures is part of Yango Group’s broader strategy to drive digital transformation and entrepreneurial growth in emerging markets. The company is actively organizing networking events and collaborating with educational institutions to equip future innovators with practical skills and knowledge.
With venture capital interest in developing markets on the rise, Yango Ventures plans to expand its scope based on the success of its initial investments. By fostering innovation and supporting scalable solutions, the fund aims to contribute to the economic development of the regions it serves while creating long-term value for its stakeholders.
This initiative underscores Yango Group’s commitment to nurturing a vibrant startup ecosystem, empowering entrepreneurs to turn their visions into reality and shaping the future of technology in emerging markets.
Source: ArabianBusiness
