Yango Launches $20M Venture Fund for African Startups
TLDR
- Yango Group has launched Yango Ventures, a $20 million corporate venture fund targeting early-stage startups in Africa
- The new fund aims to pair capital with access to Yango’s operational expertise and international network
- The fund will focus on startups with business models that can benefit from Yango’s logistics, consumer-facing platforms, and infrastructure
Yango Group has launched Yango Ventures, a $20 million corporate venture fund targeting early-stage startups in Africa. The fund will invest in companies from seed to Series B across online-to-offline, B2B SaaS, and fintech sectors.
Yango Group, based in Dubai, operates a broad technology ecosystem that spans ride-hailing, delivery, e-grocery, ad tech, mapping, entertainment, and AI-powered voice services. The new fund aims to pair capital with access to Yango’s operational expertise and international network.
Yango Ventures plans to expand beyond its initial $20 million as it scales with Africa’s tech ecosystem. The fund will focus on startups with business models that can benefit from Yango’s logistics, consumer-facing platforms, and infrastructure. The announcement adds Yango to a growing list of international tech firms setting up venture arms in Africa amid rising interest in the continent’s digital economy.
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Key Takeaways
Venture funding in Africa dropped in 2023, but early-stage deals are rebounding. According to Partech, African tech startups raised $3.2 billion in 2023, down from $6.5 billion in 2022, but seed rounds saw the least decline. Global players like Google, Microsoft, and Yango are focusing on these early stages, viewing Africa as a long-term growth market. Yango’s entry with a $20 million fund comes as infrastructure and digital inclusion improve across the continent. The company’s operational footprint in transportation and delivery may offer strategic advantages to portfolio companies, particularly those navigating fragmented last-mile logistics. For startups, access to capital paired with a global tech partner presents an opportunity to scale faster and reach broader markets. As corporate venture funds become more active, competition among African strategic investors is expected to increase, driving valuation pressure and deeper involvement in portfolio operations.
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