Hajra Naz
With its headquarters situated in New York City, Yango Group, a global technology company striving to localize advanced tech, has launched a corporate venture fund for startups in Pakistan, LATAM, Sub-Saharan Africa, MENA, and other regions with significant growth potentials. The fund is called Yango Ventures.
Fueling Pakistani Innovation and Growth
Yango Ventures strives to give the much-needed push to early-stage Pakistani businesses by providing them capital, know-how, and access to the global network. The purpose of this initiative is to allow businesses at the nascent stage to scale while enabling positive change in their areas.
A Vision for Sustainable Entrepreneurial Success
Daniil Shuleyko, CEO of Yango Group said;
“We are more than a tech company; we’re an ecosystem working to enable entrepreneurs from any part of the world,”
Technology is not just about fresh concepts. It is about real change. With Yango Ventures, we are providing our expertise and network for startups to scale, thrive, and impact their communities positively.’”
Investment Focus and Expansion Plans
Yango Ventures is starting with a target capital of $20 million, focusing on startups from seed to Series B in O2O (Online-to-Offline), B2B SaaS, and FinTech markets. The fund is intended to develop new entrepreneurial ecosystems and will open up the capital base of the fund in the future.
Innovation Powered by Experienced Leadership
The team at Yango Ventures comprises highly skilled professionals with B2B SaaS, AI, FinTech, mobility, and entertainment service specialties. Their vast knowledge in building and growing successful technology platforms will be paramount in the mentoring of multi-sectoral startups.
Pakistan’s Startup Opportunities Under The Spotlight
As Miral Sharif, the Country Head of Yango Pakistan, puts it, the country is sitting on a gold mine of untapped entrepreneurial potential. Yango Ventures intends to assist emerging businesses in overcoming early-stage hurdles by providing financial aid, guidance, and a robust network of industry specialists.
A Focus on Digital Transformation
This is Yango Ventures’ engagement strategy as part of Yango Group to further deepen digital transformation and economic growth. The company initiates and interacts with regional ecosystems through sponsoring meetups, partnerships with educational institutions, and training sessions for prospective innovators.
Through this, Yango Ventures seeks to build enduring business prospects while supporting strong and inclusive economies around the globe.
