Venture fund established by Yango Group, aimed at financially backing aspiring young business leaders.
Yango Group Launches Venture Fund to Boost Digital Transformation
Yango Group, a global technology company, has recently announced the launch of Yango Ventures, a corporate venture fund. This new initiative aligns with Yango Group's broader strategy to drive digital transformation and foster local innovation.
Daniil Shuleyko, CEO of Yango Group, emphasized the importance of the venture fund, stating that it will provide capital and leverage Yango's extensive experience and network to help startups scale effectively.
The Yango Ventures board consists of industry experts with deep expertise in B2B SaaS, mobility, entertainment, fintech, AI, and other technology-driven industries. The team has successfully built and scaled platforms and services both within and outside the company.
Yango Ventures has a particular focus on O2O (Online-to-Offline) solutions, B2B SaaS platforms, and FinTech innovations. The initiative aims to create sustainable impact within communities and integrate cutting-edge technology, business expertise, and strong local partnerships.
The initial investment fund of Yango Ventures is $20 million, with plans to expand its capital base as the entrepreneurial ecosystem grows across high-potential markets. Yango Ventures targets early-stage startups from Seed to Series B, and is aimed at supporting promising startups across LATAM, Sub-Saharan Africa, MENAP, and other high-growth regions.
Yango Ventures is designed to foster local innovation and entrepreneurial growth. It aims to invest in regions where Yango Group already has a strong presence to accelerate digitalization and stimulate economic growth.
For more details about Yango Ventures, visit their LinkedIn page. The search results do not provide specific information about who founded Yango Ventures, but the initiative is undoubtedly a significant step forward in Yango Group's mission to drive digital transformation and empower future innovators.
Yango Group organizes networking events, educational collaborations, and skill-building workshops to further this mission. Through Yango Ventures, the company aims to provide startups with the resources they need to succeed and contribute to the digital transformation of their respective communities.
