In a bold move to catalyze innovation and entrepreneurship, Yango Group, a leading global technology conglomerate, has unveiled Yango Ventures — a corporate venture fund designed to back promising startups in Pakistan, LATAM, Sub-Saharan Africa, MENA, and other emerging markets.
A Strong Commitment to Local Innovation
Yango Ventures launches with an initial fund of $20 million dedicated to supporting early-stage startups from Seed to Series B. The fund primarily focuses on sectors including O2O (Online-to-Offline), B2B SaaS, and FinTech — areas poised for substantial growth and innovation.
"At Yango Group, we are not just a tech company; we are a platform committed to empowering entrepreneurs," said Daniil Shuleyko, CEO of Yango Group. "Technology is a catalyst for real-world progress. With Yango Ventures, we are combining our global expertise and network to help startups thrive and create a sustainable impact within their communities."
Scaling Opportunities for Pakistani Startups
Yango Ventures recognizes Pakistan's vibrant startup ecosystem. With a pool of skilled entrepreneurs and a rapidly growing digital economy, the fund aims to provide critical resources and mentorship to drive local innovations.
Miral Sharif, Country Head of Yango Pakistan, expressed enthusiasm about the initiative. "Pakistan is brimming with untapped potential, and Yango Ventures will be instrumental in supporting the nation's emerging startups. By providing early-stage capital and valuable market insights, we’re enabling entrepreneurs to tackle challenges and create sustainable growth."
Why Yango Ventures Stands Out
The fund offers more than financial backing. It leverages Yango Group's global network, industry expertise, and mentorship from a board of seasoned professionals who have scaled B2B SaaS and B2C solutions across multiple sectors, including mobility, entertainment, fintech, and artificial intelligence.
"Our investment approach is hands-on," said Shuleyko. "We provide strategic guidance, operational support, and access to partnerships that can accelerate a startup's journey. Our ultimate goal is to create resilient, inclusive economies across the globe."
Future Growth Plans
While launching with a $20 million fund, Yango Ventures has ambitious expansion plans. As the entrepreneurial ecosystem grows, the fund is prepared to increase its capital pool, ensuring long-term support for innovative startups worldwide.
Moreover, Yango Ventures will host networking events, partner with educational institutions, and facilitate skill development workshops to cultivate innovation at every level.
Frequently Asked Questions (FAQs)
1. What is Yango Ventures? Yango Ventures is a corporate venture fund launched by Yango Group to support early-stage startups in Pakistan and other high-growth regions.
2. Which sectors does Yango Ventures focus on? The fund primarily targets startups in the O2O (Online-to-Offline), B2B SaaS, and FinTech sectors.
3. How much is Yango Ventures investing initially? Yango Ventures has launched with an initial fund of $20 million.
4. What kind of support does Yango Ventures provide? In addition to capital investment, the fund offers strategic mentorship, operational support, and access to Yango Group’s global network.
5. Is Yango Ventures exclusive to Pakistan? No, it also supports startups across LATAM, Sub-Saharan Africa, MENA, and other regions where Yango Group operates.
6. How can Pakistani startups apply for Yango Ventures funding? Startups can apply through the official Yango Ventures website or by reaching out via LinkedIn.
7. What are the eligibility criteria for Yango Ventures funding? The fund typically supports early-stage startups (Seed to Series B) in targeted sectors with scalable and impactful business models.
8. Will Yango Ventures provide follow-up funding? Yes, successful startups may receive follow-up investments as they progress to later funding stages.
9. How does Yango Ventures contribute to Pakistan’s economy? By supporting innovation and creating job opportunities, Yango Ventures fosters economic growth and strengthens the local entrepreneurial ecosystem.
10. What is Yango Group’s vision for Yango Ventures? The vision is to empower entrepreneurs, accelerate digital transformation, and contribute to sustainable business growth globally.
0 Comments