Yango Group, a global tech firm based in Dubai, has launched a $20 million corporate venture fund targeting early-stage startups across the Middle East, North Africa, and Pakistan (MENAP), Sub-Saharan Africa, and Latin America.
The fund, known as “Yango Ventures,” will invest in startups from seed to Series B stages in sectors such as B2B software-as-a-service, fintech, and digital transformation.
Yango Ventures aims for returns ranging from 10 to 20 times in Series A deals by combining capital with strategic expertise. The fund’s board includes experts with extensive experience in scaling platforms in mobility, entertainment, fintech, and artificial intelligence.
Focusing on high-growth markets, the fund leverages Yango Group’s global presence to drive digitalization and business growth. While no investments have been confirmed yet, discussions are ongoing with startups that align with its vision.
Unlike traditional corporate funds, Yango Ventures will not seek control over its portfolio companies but will provide support upon request.
Additionally, the fund plans to collaborate with other venture capital firms to enhance its investment activities.
