Yango Ventures Invests $20M in African Tech Startups

For five seconds, I want you to “IMAGINE”. A world where African startups no longer struggle to secure funding, where innovative ideas get the financial backing they deserve, and where tech entrepreneurs have the resources to scale their businesses globally.  

Recently, an African Group called Yango launched a new $20 million venture fund called Yango Ventures. This fund is aimed at supporting early-stage startups across Africa, the Middle East, North Africa, Pakistan (MENAP), and Latin America. For African entrepreneurs, this fund represents a golden opportunity to secure capital, grow their businesses, and create job opportunities across the continent. But why should African startups trust Yango Ventures?

Yango’s Strong Footprint in Africa

Yango is not a newcomer to Africa. Since 2018, the global tech company has been expanding its services across the continent, impacting multiple industries such as ride-hailing, delivery, e-commerce, and digital services. Yango started its African journey in Ivory Coast before expanding into other markets, including:

• Ghana 🇬🇭
• Algeria 🇩🇿
• Cameroon 🇨🇲
• Angola 🇦🇴
• Senegal 🇸🇳
• Mozambique 🇲🇿
• Ethiopia 🇪🇹

With its presence in over 30 countries globally, Yango has already demonstrated its ability to build scalable tech solutions tailored to different markets. Some of the proven track record of success includes

• Over 1 million drivers and couriers across Africa rely on Yango as their primary source of income.
• Ride volumes more than doubled in 2023, showing the increasing demand for Yango’s services.
• Yango has invested in AI-powered solutions, providing efficient mobility, digital mapping, and e-commerce integrations.

With this established presence, the launch of Yango Ventures signals the company’s next step to not just providing services but directly empowering African startups to build their own tech-driven solutions.

Driving Economic Growth and Job Creation

One of the biggest benefits of this fund is its potential to create thousands of jobs across Africa. By investing in early-stage startups, Yango Ventures is fueling business growth, which leads to:

• More employment opportunities for young Africans
• Stronger tech infrastructure for Africa’s digital economy
• More wealth generation through innovative business models

Startups that receive this funding will not only build successful businesses but will also inspire the next generation of African entrepreneurs. By giving local talent the resources they need, Yango Ventures is ensuring that Africa continues to be a leader in global tech innovation.