Yango Group, a global technology company based in Dubai, has recently announced the launch of a $20 million corporate venture fund aimed at supporting early-stage startups in various regions, including the Middle East, North Africa, and Pakistan (MENAP), Sub-Saharan Africa, and Latin America. The fund, known as Yango Ventures, will focus on making investments from seed to Series B stages, particularly in sectors like online-to-offline (O2O), B2B software-as-a-service, and financial technology.
The CEO of Yango Group, Daniil Shuleyko, expressed the company’s dedication to empowering entrepreneurs worldwide through the establishment of Yango Ventures. The fund aims to not only provide financial support but also leverage the company’s expertise and network to help startups scale, thrive, and make a meaningful impact in their communities.
Yango Group has expanded its operations beyond adapting global technology solutions for local markets, now offering a broad portfolio of services including Yango Ride, Yango Play, Yango Pay, and Yango Maps, available in over 30 markets globally. Yango Ventures is looking to achieve significant returns on its Series A investments, targeting 20x returns by providing operational experience and valuable insights to portfolio companies.
The fund’s strategy revolves around identifying ventures with strong market fit and scalable business models, where Yango’s expertise can add substantial value. Yango Ventures is particularly interested in supporting Series A startups, aiming for returns of 10-20x, with a focus on high-growth markets that offer significant entrepreneurial potential in the face of rapid digitalization.
Yango Ventures has not yet made any investments but is actively engaging with promising startups that align with its investment focus and mission. Unlike some corporate venture funds, Yango Ventures does not seek substantial control over its portfolio companies or routinely seek board seats, opting instead to offer support when requested by entrepreneurs.
The fund also plans to collaborate with other venture capital firms and partners to amplify its investment activities and strengthen entrepreneurial ecosystems across its target regions. While not ruling out future merger and acquisition activities, Yango Ventures emphasized that it is not a primary objective at this time.
Through Yango Ventures, the Dubai-based Yango Group aims to capitalize on high-growth markets, foster digital transformation, and promote entrepreneurial growth. The fund’s introduction comes at a time of increasing interest in venture capital opportunities across emerging markets, with a focus on fintech, mobility, and software services that support rapidly digitizing economies. Initially committing $20 million in capital, Yango Ventures may expand the fund size based on the performance of its early investments.
Source: Arabian Business
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