Yango Group Launches $20 Million Venture Fund to Support African Startups
Global ride-hailing and technology conglomerate Yango Group has announced the launch of Yango Ventures, a $20 million venture capital fund dedicated to supporting African startups in their early stages.
Based in Dubai, Yango Group is developing a comprehensive technological ecosystem, encompassing on-demand transportation, delivery, fintech, and artificial intelligence. With Yango Ventures, the company aims to foster local innovation by combining financing and expertise to help young businesses accelerate their growth.
The fund targets startups from seed to Series B in the online-to-offline, B2B SaaS, and fintech sectors. Designed to evolve, Yango Ventures plans to expand its investment capacity in response to the entrepreneurial dynamics of high-growth markets.
