TASHKENT, Uzbekistan () - Yango Ventures, a venture capital fund with an initial capital of $ 20 million, has been formed to finance early-stage technology projects. The Foundation was established by the parent company Yango Group and is focused on three areas that define the current digital transformation agenda: corporate cloud services B2B SaaS, financial technologies and O2O models connecting online services with offline infrastructure. The mandate covers transactions from seed round to Series B, which allows you to build continuous capitalization of startups without gaps between stages and accelerate the transition from prototypes to scalable products. To evaluate projects, an expert council has been formed with experience in bringing solutions to mass markets in mobility, fintech, entertainment and artificial intelligence systems. This reduces technological and commercial risks in the product-market fit segment and gives portfolio companies access to global growth practices.
The launch of the fund overlaps with a window of opportunity in the national ecosystem: over the period 2020-2025, startups in Uzbekistan raised $ 352 million, of which $ 265 million was raised in 2025, which signals increased investor confidence and a stronger funnel of mature teams. For the market, these are several structural effects. First, the" depth " of financing is expanding: the appearance of an investor who is ready to work at several stages reduces the fragmentation of transactions and increases the predictability of roadmaps. Secondly, the export component is being strengthened — portfolio companies have access to international expertise, partner channels and operational infrastructure in the markets of Latin America, Africa and the Middle East, where related business units of the group already operate. Third, corporate governance, compliance and reporting requirements are being standardized, which facilitates syndication with foreign funds and reduces the cost of capital for the strongest teams.
The focus on B2B SaaS reflects the demand for solutions for corporate efficiency: analytical platforms, supply chain management, security and compliance, digital contact centers, and automation of accounting and financial processes. In fintech, priority is given to payment gateways, risk scoring and anti-fraud, BNPL tools and digital identification, where economies of scale are achieved through network ecosystems. In the O2O segment, last-mile logistics, ordering and booking services, fleet management and micromobility are potentially competitive-areas where local conditions and access to operational data form strong barriers to entry. It is expected that the fund will apply the "smart money" model: in addition to investments, mentoring, access to corporate pilots, API integrations, joint marketing activations, and support for entering foreign markets.
For Uzbekistan, the institutional presence of an industry venture player strengthens the link between the education system, incubators, accelerators and private capital. A more predictable funding trajectory increases the likelihood of bringing R&D to industrial implementation and creates a pool of teams ready to scale at the regional level. Over the next two to three years, the key indicators of the result will be the share of portfolio companies with revenue abroad, the number of syndicated transactions with international funds, the depth of local integration partners, and the number of corporate pilots who have switched to repeatable contracts. Given the growing demand for cloud, payment and O2O solutions in the private and public sectors, the emergence of Yango Ventures can accelerate competition for product quality and raise the technological bar of services available to businesses and consumers.
