Home | Lankan Angel Network

Innovate Lanka concludes with Demo Day and Finale

Innovate Lanka recently concluded with its 2022 Demo Day and Finale, where 10 finalists pitched their exceptional ideas to a high profile panel that encompassed Corporate Leaders, Domain Experts and Angel Investors.

2022-11-28

Angel Fund focused on helping its portfolio weather economic storm

Sri Lanka’s first Angel Fund completed funding rounds for Chakra Suthra and Mintpay as of its most recent operational quarter. Further, the Fund aided a third startup, Magicbit, in growing its team and setting up a new local office, from which it has shipped to 38 countries thus far.

2022-09-06

LAN channels Rs. 150 m into tech start-ups

Sri Lanka’s first Angel Fund has, to date, channelled investments up to Rs. 150 million cumulatively into four home-grown start-ups – Niftron, Magicbit, Mintpay and Chakra Suthra – while also helping these companies scale and access new markets both at home and abroad.

2022-03-29

Successful Venture Engine Finale kickstarts local startup sector

Venture Engine is once again taking up the mantle of kickstarting Sri Lanka’s startup sector. As Sri Lanka’s foremost startup funding platform, and a pioneer in the local startup sector since 2012, Venture Engine has spotlighted the resurgence of the startup sector with its successfully concluded Finale, which was held on the 23rd of February 2022

2022-02-25

StartupX Foundry and Lankan Angel Network launch Knowledge Sharing Platform to Spur Entrepreneurship

Sri Lankan tech startup incubator and accelerator StartupX Foundry recently launched its entrepreneurship initiative, ‘Vyawasayakayanta Athwelak’, a knowledge sharing platform that aims to bridge the gap in entrepreneurial knowledge pertaining to startups, particularly in underserved communities to both guide and encourage rural entrepreneurship.

2021-11-16

STEM education start-up Magicbit raises US $ 120,000 from Angel Fund

Magicbit, an easy-to-use STEM education platform, announced that it has raised US $ 120,000 in its pre-seed financing round led by Sri Lanka’s Angel Fund.

2021-10-26

Lankan Angel Network and Angel Fund appoint first female chairperson

The Lankan Angel Network (LAN), the country’s largest network of angel investors, has appointed Chandi Dharmaratne as its Chairperson for 2021/2022, at its most recent Board meeting held in September. Dharmaratne is the first woman to lead the Lankan Angel Network.

2021-09-21

Local start-ups Niftron and Magicbit to represent Sri Lanka at EWC Global Finals

Sri Lanka’s Niftron and Magicbit have won the ‘Early Stage’ and ‘Growth Stage’ National winner status respectively, at the Sri Lankan National finals for Entrepreneurship World Cup (EWC) 2021.

2021-07-28

Lankan Angel Network joins Global Business Angels Network

The Global Business Angels Network (GBAN) announced today that the Lankan Angel Network is the newest organization to join its inclusive global community of early-stage investor networks.

2021-07-29

LAN and GBAN to promote Sri Lankan startups globally via Entrepreneurship World Cup

2021-06-15

Sam Connor live with Sharmilan Somasundaram, CEO and Co-Founder of NIFTRON, building solutions on Stellar.

Sharmilan Somasundaram, CEO and Co-Founder of NIFTRON, who recently raised Rs. 21million from LAN Angel Fund, building solutions on Stellar

2021-06-07

Niftron raises Rs. 21mn capital from LAN’s Angel Fund

The Angel Fund has invested Rs. 10 million in Niftron, a blockchain-as-a-service (BaaS) platform that aims to make blockchain simpler and more affordable for businesses at all levels and industries.

2021-04-21

LAN Launches #IAMHER Prog to Empower Women Entrepreneurs

The Lankan Angel Network (LAN) recently launched the #IAMHER 2021 programme, aimed at empowering women entrepreneurs and developing the landscape for women-led start-ups via a multi-pronged strategy.

2021-04-06

LAN, FORD Foundation support AOD’s Young Creative Entrepreneurs through DFSD

Announcing a new collaboration under their long-standing partnership with Lanka Angel Network to develop impact driven entrepreneurs, AOD strengthens an area it sees as a core of its future for the success of its Design alumni being future proof.

2020-12-09

Sri Lanka’s first fintech accelerator shines a light on 7 startups

Following months of preparation, HatchX, Sri Lanka’s first fintech accelerator, hosted its big day late last year at the Hatch premises. HatchX Demo Day aimed to showcase the seven selected fintech startups in the programme while building awareness on the overall initiative among the Sri Lankan community.

2021-01-26

Sri Lanka’s Angel Fund shortlists 5 startups for investment

The Angel Fund, the first of its kind in Sri Lanka, has shortlisted its five early-stage startups for potential investment; Niftron, Traccular, Medica, Soulboner Clothing, and Ophir.

2020-12-10

Sri Lanka’s Rs. 100 m Angel Fund accepts applications from startups

The Angel Fund, an initiative of the Lankan Angel Network (LAN), established with the support of ecosystem development partner Ford Foundation, has begun accepting applications from early-stage startups in Sri Lanka with regional and global growth potential that is not limited to the tech industry. These could encompass innovative ideas in the verticals of BFSI, agriculture, education, healthcare and supply chain and logistics, to name just a few of the Fund’s areas of interest.

2020-08-12

‘HatchX’ Sri Lanka’s first fintech accelerator launched virtually

Despite the volatile condition in the country and the world due to the pandemic, Sri Lanka's first fintech accelerator program launched virtually on April 23rd 2020. This is also the first virtual accelerator to be launched in the South Asian region overall during COVID-19.

2020-05-06

LAN launches Sri Lanka’s first Angel Fund to invest in local startups countrywide

A first of its kind in Sri Lanka, this Fund will be LAN’s flagship initiative moving forward, and is based on Rs. 100 million in investments from 100 individuals investing Rs. 1 million each.

2020-03-11

LAN, Ford Foundation announce landmark partnership to help entrepreneurs grow

The Lankan Angel Network (LAN) today announced that it has signed a landmark grant agreement with the Ford Foundation to catalyze the growth of Sri Lanka’s startup ecosystem. The grant of USD 300,000 is the first of its kind for the Ford Foundation in Sri Lanka and will be utilized to reach entrepreneurs across multiple sectors island wide.

2020-02-25

We are Sri Lanka’s largest network of angel investors.