Yango Group launches $20 Million Venture Fund to empower African startups
- Yango Ventures has launched a $20 million fund targeting early-stage startups from seed to Series B stages.
- The African startup ecosystem faced a downturn with investments dropping by over 50% in 2023.
- Yango Ventures aims to revitalize investment activities in the African region.
The establishment of Yango Ventures is a promising development for the African startup landscape, especially in light of the recent investment downturn. By providing not only capital but also mentorship and a robust network, Yango is likely to foster innovation and growth among startups. This could signal a shift in the investment climate, encouraging more corporate entities to engage with emerging markets.
