The fund aims to help businesses in sub-Saharan Africa, Latin America, the Middle East, North Africa, Afghanistan, and Pakistan by offering funding, mentorship, and access to Yango’s network.

The initiative starts with $20 million in capital, focusing on startups from seed stage to Series B.

It targets companies in sectors such as online-to-offline (O2O) services, B2B SaaS, and fintech.

The goal is to help these startups grow, boost digital innovation, and support economic development.

According to Daniil Shuleyko, CEO of Yango Group, the fund is not just about investing money. It is about creating an environment where startups can grow and succeed. The company plans to expand the fund over time as the startup ecosystem develops.

In Zambia, Yango Ventures plans to support local entrepreneurs by providing resources and tools that help their businesses thrive.

Kabanda Chewe, Yango Zambia’s Country Head, said the country has strong potential for innovation and that Yango wants to be an active partner in building the local tech scene.

Yango Ventures also offers practical support beyond funding. The company will organize networking events, mentorship programs, and training opportunities through partnerships with schools and universities.

Programs like Yango Education, Yango Fellowship, and urban mobility hackathons are also planned to help startups gain the skills and support they need to grow.

The venture fund is managed by a team with experience in industries like mobility, entertainment, fintech, and artificial intelligence.

Yango Group hopes this initiative will play a key role in driving digital change and job creation in emerging markets.