Yango Group, a global leader in ride-hailing and technology, has unveiled a $20 million corporate venture fund, Yango Ventures, aimed at supporting early-stage startups across Africa.
In a statement, Yango shared that the fund’s primary goal is to nurture local innovation and entrepreneurship by providing both capital and leveraging its extensive network and experience.
This initiative is designed to help African startups scale and create lasting, sustainable impact within their communities.
“We are more than just a tech company; we’re an ecosystem built to empower entrepreneurs globally. At Yango Group, we see technology not just as a tool for innovation but as a force for real-world progress,” said Daniil Shuleyko, CEO of Yango Group.
“Through Yango Ventures, we’re offering our expertise and network to help startups grow, thrive, and make meaningful changes in their communities. Our mission is clear: help people grow with us. By equipping local talent with the right resources, we aim to foster sustainable business growth and support resilient, inclusive economies around the world.”
Yango Ventures will focus on early-stage startups from Seed to Series B, specifically in the O2O (Online-to-Offline), B2B SaaS, and FinTech sectors.
While the initial fund is set at $20 million, the corporate venture fund is designed to grow, with plans to increase its capital in line with the expanding entrepreneurial ecosystems in high-growth markets.
The fund aims to invest in tech-driven solutions that support digitalization and economic development across the African continent.
The team behind Yango Ventures consists of experts with a strong track record of scaling B2B SaaS and B2C technology into impactful services across various industries worldwide.
Their experience spans mobility, entertainment, fintech, AI, and more, both within Yango Group and externally.
“Africa has tremendous entrepreneurial potential, and we want to contribute to its growth by providing not just funding but resources and a strategic network,” said Adeniyi Adebayo, Chief Business Officer of Yango Group.
“Our aim is to be more than investors. We’re dedicated partners, helping startups navigate the complexities of scaling and building sustainable businesses that deliver long-term value to their communities.”
Yango Ventures is part of Yango Group’s broader mission to empower entrepreneurs and drive digital transformation worldwide.
The company combines cutting-edge technology, deep business expertise, and a commitment to local ecosystems to create sustainable growth opportunities across diverse markets.
In addition to funding, Yango is committed to actively supporting local communities in African markets through networking events, mentorship programs, and collaborations with educational institutions.
These efforts include initiatives like Yango Education, Yango Fellowship, and urban mobility Hackathons, designed to equip future innovators with the practical skills needed to succeed.
