White Hill Capital, the management company of Tumar Venture Fund, has announced a new strategic partnership with Yango Ventures, the corporate venture fund of Yango Group, the parent company of Yandex Qazaqstan, which has joined the fund as an investor.
The partners believe that this cooperation will create conditions for a more systematic development of the startup ecosystem in Kazakhstan by combining the fund’s investment expertise with Yango Group’s international experience. This represents a new model of innovation support for the country.
Aslan Sultanov, Managing Partner and CEO of White Hill Capital, commented:
“It is important for us that a team with strong expertise in technology markets across dozens of countries is joining the fund. The trust shown by Yango Ventures demonstrates that our work is delivering results: we are creating value and building an environment where startups can grow faster. This is the first case in the country where an international technology group invests in a venture management company rather than in individual startups. This decision reflects the growing interest of major technology players in the Central Asian market.”
The partners believe that this cooperation will create conditions for a more systematic development of the startup ecosystem in Kazakhstan by combining the fund’s investment expertise with Yango Group’s international experience. This represents a new model of innovation support for the country.
Aslan Sultanov, Managing Partner and CEO of White Hill Capital, commented:
“It is important for us that a team with strong expertise in technology markets across dozens of countries is joining the fund. The trust shown by Yango Ventures demonstrates that our work is delivering results: we are creating value and building an environment where startups can grow faster. This is the first case in the country where an international technology group invests in a venture management company rather than in individual startups. This decision reflects the growing interest of major technology players in the Central Asian market.”
Reference
Yango Ventures is the corporate venture capital fund of the technology company Yango Group. The fund focuses on early-stage startups, from Seed to Series B, in the O2O (Online-to-Offline), B2B SaaS, and FinTech sectors. The fund was launched with $20 million in capital, with plans to expand its investment base in the future.
White Hill Capital is a venture capital management company that invests in early-stage technology startups and supports their scaling. Operating under a blended finance model, the company contributes to the development of the innovation ecosystem through partnerships and investment programs.
Yango Ventures is the corporate venture capital fund of the technology company Yango Group. The fund focuses on early-stage startups, from Seed to Series B, in the O2O (Online-to-Offline), B2B SaaS, and FinTech sectors. The fund was launched with $20 million in capital, with plans to expand its investment base in the future.
White Hill Capital is a venture capital management company that invests in early-stage technology startups and supports their scaling. Operating under a blended finance model, the company contributes to the development of the innovation ecosystem through partnerships and investment programs.