The investment marks Yango Ventures’ continued commitment to supporting high-potential startups across emerging markets and strengthening digital infrastructure across the continent.

Gigmile is building the infrastructure for last-mile delivery in Africa by equipping gig workers with access to vehicle financing, software tools, and operational support.

This strategic partnership will support Gigmile’s regional expansion and help improve delivery efficiency and financial inclusion across the continent.

“Gigmile is working on a problem we understand deeply: how to build delivery systems that work for businesses and for the couriers who keep them running. Our experience in urban logistics gives us a strong foundation to help them scale responsibly and efficiently. We’re proud to support a team that shares our commitment to building practical, tech-enabled infrastructure across Africa.” said Daniil Shuleyko, CEO of Yango Group.

Gigmile is addressing one of the continent’s most dynamic and fast-growing sectors: last-mile delivery.

By combining technology, flexible financing models, and data-driven workforce management, the company empowers gig couriers with the tools they need to operate efficiently and earn sustainably.

Yango Ventures’ investment will fuel product development, strengthen operational capabilities, and accelerate Gigmile’s expansion across multiple African markets.

Yango Ventures focuses on early-stage startups from Seed to Series B in sectors such as O2O (Online-to-Offline), B2B SaaS, and FinTech.

With an initial $20 million fund and plans for scalable growth, the corporate venture arm continues to expand its portfolio with companies building transformative, tech-driven solutions in high-growth regions across Africa, MENAP, LATAM, and beyond.

The investment in Gigmile reflects Yango Group’s broader strategy to support digital transformation and technological progress worldwide.

Through Yango Ventures, the company continues to back promising entrepreneurs by offering access to capital, operational expertise, and a global network that accelerates scalable, community-driven growth.

Lagos Startup Week returns in July. Prepare for a week-long celebration of founders, investors, and tech ecosystem stakeholders!

The gathering of founders, investors, government officials, and technology enthusiasts, is one of Nigeria’s most influential events for the Nigerian Startup ecosystem.

Stakeholders converge annually at Lagos Startup to exchange ideas and forge collaborations to illuminate the potential of a better Africa and shape the continent’s future.

The event also fuels the entrepreneurship drive and fosters connections that transcend borders.

Lagos Startup Week has been the heartbeat of the African tech ecosystem for close to a decade now.

Its goal is to provide significant opportunities for startups looking to make a difference in Africa and beyond.

With the theme Limitless: Breaking Boundaries in Business,  this year’s event invites attendees to challenge conventional limitations and embrace a mindset where innovation knows no bounds.

Scheduled for July 8th to 13th, 2024

Describing the spirit of the event, Olumide Olayinka, Co-organizer of Lagos Startup Week, said;

“Lagos Startup Week is a rallying cry for Africa’s entrepreneurs, the trailblazers who dare to dream beyond the “impossible.” We’ve tasted the bitter tang of limitations – infrastructure gaps, funding deserts, and the echo of doubt whispering “not good enough.” But here, at Limitless, we gather to shatter those shackles”, he affirmed.

According to the statement announcing the event, this year’s agenda will cover the latest advancements in artificial intelligence, blockchain, and the nuances of sustainable business practices.

The event will feature thought-provoking keynote sessions, hands-on workshops, and theme-focused masterclasses.

Attendees will explore how these elements can redefine the boundaries of the business world and propel ventures to new heights.

Lagos Startup Week has witnessed many seasoned speakers, each bringing their unique insights and expertise to the table.

They include;

• Ben Llewellyn-Jones (British High Commission),
• Olu Akanmu (Ex OPay),
• Dayo Ademola (Branch),
• Thomas van Halen (VC4Africa),
• Tosin Faniro-Dada (Breega),
• Shola Akinlade (Paystack),
• Kola Aina (Ventures Platform),
• Odun Eweniyi (PiggyVest),
• Oyin Solebo (ARM Labs Lagos Techstars),
• Attilio Di Battista (World Economic Forum),
• Petra Wolkenstein (Startup Wise Guys) and “
• Michael Seibel (Y Combinator) 

Startups & Investors have also been featured in past editions. They include; IFC-World Bank, Paystack, Telesoftas, Omnibiz, Vesti, Moniepoint, Indrive, Gigmile, Kora, Gridcrux, and Branch, to mention a few.

Lagos Startup Week Partners include global tech giants like; AWS, Meta, Spotify, Microsoft, Google, Zoho, Algorand, and Logitech, to mention a few.