Top 10 VC Funds &amp; Investors in Sri Lanka (May 2026)

Private equity investments in Microfinance Institutions, Small-and-Medium Enterprise lenders, Emerging Market Banks, Insurance Providers, FinTech, Payments businesses and other BOP Financial Service Institutions focused on the unbanked and underbanked in the developing world.

Investment focus

Industry: Financial Services, Finance, FinTech
Stage:Series C, Series A
Geography: India, Mexico, Sri Lanka

Investor stats

Total investments: 41
Round size: Series A $13M–$24M
Lead/follow: 80% lead, 20% follow
Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

DD360 — DD360 is an intelligent ecosystem for real estate developments.
Progcap — Progcap is revolutionising the way financial access is delivered to underserved segments of the Indian retail economy, through specialized financing and technology products that empower small and medium businesses (SMBs) to progress without obstacles.
ReshaMandi — reshamandi.com is a one-stop sourcing platform with a wide range of customisable natural-fibres products tailored to cater to your business needs.

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BOV Capital is a Venture Capital Firm based in Sri Lanka and Singapore.BOV Capital was established to help Sri Lankan startups capture regional and global opportunities.BOV Capital will engage with ventures across all aspects of the business.

Investment focus

Industry: Medical, Software, Textiles
Stage:Seed, Series A
Geography: Sri Lanka, Switzerland

Investor stats

Total investments: 3
Round size: Series A $1M–$5.9M
Lead/follow: 67% lead, 33% follow

Portfolio highlights

nCinga — Solvei8 is an integrated factory cloud solutions provider for the apparel and footwear manufacturing industry. Focused on innovation, agility, and customer-centricity, our company provides solutions that optimize factory processes.
Luciole Medical — Transforming cerebral monitoring for brain health.
Roar Media — Roar LK covers the deeper issues, untold tales and hidden heroes of Sri Lanka. Our content is presented in a credible and unbiased way, and always aims to inform, educate and inspire.

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With Impact Investing at its core, Aavishkaar Capital caters venture capital requirements to scale businesses in the new markets.

Investment focus

Industry: Financial Services, Manufacturing, Finance
Stage:Series A, Series B
Geography: India, Indonesia, United States

Investor stats

Total investments: 78
Round size: Series A $2.3M–$5.4M; Series B $2M–$10M
Lead/follow: 63% lead, 37% follow
Last fund: Likely still investing — raised $130M in 2022

Portfolio highlights

AgroStar — AgroStar is India’s foremost AgTech start-up working on the mission of #HelpingFarmersWin by providing a complete range of agri solutions at the fingertips of farmers. AgroStar’s tech platform provides a combination of agronomy advice coupled with service and agri input products that enable farmers to significantly improve their productivity andincome.We use an extensive amount of data, technology and agronomy knowledge to give the right solutions (advice+products) to Indian farmers.AgroStar currently operates in the states of Gujarat, Maharashtra, and Rajasthan and has over 5 Lakh farmers on its digital platform. Farmers in these states can avail agri solutions for their entire crop life-cycle with a simple “missed call” or through its Android app, which is amongst the highest rated farming focused apps in the country.Over the next 5 years, we plan to continue to provide incremental value to farmers in terms of wide range of inputs delivered at their doorsteps, world-class agronomy guidance and also access to market linkages and credit.
Altum Credo — Avail best home loans with simple and quick approval process, we make your dream home buying easier and hassle free.
Financepeer — Financepeer is a unique peer to peer lending platform designed to address financial needs of self-employed, entrepreneurs & salaried individuals through a highly secure, digital medium.

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Since 1994, they have sponsored 22 funds with approximately $1.2 billion in committed capital which are managed from their offices in New York, London and Bangalore.With a global network of partners, Zephyr is positioned to identify sustainable secular growth changes which lead to attractive investment opportunities for their investors.While their focus is on the creation and execution of innovative investment strategies, the operating style is conservative and sustainable.Managers strictly adhere to their respective mandates and investments are selected based on rigorous fundamental research. Today, Zephyr manages investment funds in India and Sri Lanka, and they are actively researching new investment opportunities around the world.

Investment focus

Industry: Financial Services, Information Technology, Education
Stage:Private Equity, Series A, Series B
Geography: India, Kenya, Sri Lanka

Investor stats

Total investments: 26
Round size: Series A $3M–$16M; Series B $10M–$14M; Private Equity $1.1M–$17M
Lead/follow: 31% lead, 69% follow
Last fund: May invest from a new fund soon — raised $33M in 2018

Portfolio highlights

Ripplr — Ripplr is a full-stack tech distribution and logistics player that offers data-driven analytics and plugs and play system.
ZUMI — ZUMI connects apparel wholesalers and retailers in a transparent, affordable marketplace. It empowers women retailers with the technology, logistics, and financial services to scale. Through ZUMI, customers order via SMS, call, or with a ZUMI Agent. It collects orders from suppliers early each morning. Its logistics partners deliver to customerswithin 18 hours of ordering then customers pay with mobile money.ZUMI was founded in 2016 and is headquartered in Nairobi, Kenya.
Ed Partners — Get School Development Loan up to Ksh 20 million in 3 days, School Transportation Loan, School Techy Loan and School Upgrade Loans Available!

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SBI Ven Capital, founded in 2007 and based in Singapore, is a private equity firm that invests in financial services and technology sectors across Asia.

Investment focus

Industry: Financial Services, Banking, FinTech
Stage:Series B, Seed
Geography: India, Vietnam, Indonesia

Investor stats

Total investments: 47
Round size: Seed $1.1M–$2M; Series B $4.2M–$21M
Lead/follow: 40% lead, 60% follow
Last fund: May invest from a new fund soon — raised $61M in 2013

Portfolio highlights

Eratani — Eratani is an Agri-tech company is to focus on building a agricultural ecosystem and seeks to provide farmers with easy access to technology to increase the productivity and welfare of the agricultural ecosystem.
Transak — Transak offers a simple integration to allow your users to buy more than 100+ cryptocurrencies with credit/debit cards, or bank transfers in more than 120+ countries.
Fresh Factory — Fresh Factory runs a web of hyperlocal cold-chain fulfilment centers in Indonesia.

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Norfund is the Norwegian Investment Fund for developing countries with 24.9 bill. NOK in total commitments (2019).

Investment focus

Industry: Energy, Financial Services, Renewable Energy
Stage:Private Equity, Debt Financing
Geography: Kenya, South Africa, United Kingdom

Investor stats

Total investments: 57
Round size: Debt Financing $4.5M–$96M; Private Equity $6.6M–$227M
Lead/follow: 67% lead, 33% follow
Last fund: May invest from a new fund soon — last raise in 2009

Portfolio highlights

Miniplast — Miniplast Limited is one of the leading manufacturers of Industrial and Household products in Ghana with over 25 years of experience in the sector.
Hela Clothing — Hela Clothing is a clothing manufacturer. From design to delivery, the firm collaborates closely with brands in the intimate, sleepwear, and children's product lines. With design centers in major markets, they can watch and predict customer preferences. This enables us to provide their customers with unique design options that fit theirrequirements.
OH Ecosystems — OH Ecosystems is a confectionary company that produces and operates cocoa processing and confectioneries.

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As Canada's regional economic development agency for Western Canada, Western Economic Diversification Canada (WD) strives to maintain Western Canada’s competitive position by investing in projects and activities that help improve productivity and competitiveness through the development, adoption and commercialization of new technologies andbusiness processes. WD also supports higher value-added production and access to international markets.Abundant natural resources, thriving technology and services sectors, and low business costs make Western Canada an attractive place to do business. Its geographic proximity to Asian markets, access to inland and sea ports, and excellent transportation services to locations throughout North America have created increased efficiencies in exporting products to international markets.Western Canada is a significant contributor to the overall Canadian economy. In 2014, Western Canada accounted for 38% of Canada’s real gross domestic product (GDP) by industry and 42% of Canada’s exported goods.1 Western Canada’s export activity is closely linked to the largest economy in the world, the United States, and increasingly to the large and growing economies of the Asia-Pacific. The United States is Western Canada’s closest trading partner accounting for roughly 77% of goods exported from Western Canada in 2014. In the same year, exports to the Asia-Pacific region accounted for roughly 15% of Western Canada’s total exports; a 24% increase over the past 5 years.2Economic growth in Western Canada is anchored by the natural resources sector, with resource-based goods accounting for approximately 68% of total exported products in 2014. This focus has been a benefit to the economy by providing the foundation for the creation of industry clusters in sectors such as mining, forestry, oil and gas and agriculture.

Investment focus

Industry: Software, Health Care, Information Technology
Stage:Debt Financing, Grant, Seed
Geography: Canada, Sri Lanka, United States

Investor stats

Total investments: 31
Round size: Grant $250k–$3M; Debt Financing $276k–$2M
Lead/follow: 65% lead, 35% follow

Portfolio highlights

Co.Labs — We work with exceptional founders & teams to navigate the path from idea to $1M in annual revenue.
Platform Calgary — Platform Calgary focuses on supporting Calgary's innovation-driven companies by providing access to space, programming, and advocacy, while also championing the vision for the new Platform Innovation Centre's design, activity, and culture. The firm is formerly known as Calgary Technologies Inc. and rebranded as Platform Calgary in 2019.
Virtual Gurus — Our virtual assistants provide superhero admin support to help busy organizations accomplish more. Find out today how our assistants in Canada and the United States can help you.

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The best companies, off the beaten path.

Investment focus

Industry: Software, FinTech, Financial Services
Stage:Seed, Pre-Seed, Series A
Geography: United States, Mexico, Colombia

Investor stats

Total investments: 129
Round size: Seed $1.2M–$6M; Pre-Seed $370k–$5.5M; Series A $6.8M–$30M
Lead/follow: 8% lead, 92% follow

Portfolio highlights

Instock — Instock offers a gravity-defying ecommerce fulfillment.
ZipperTax — AI copilot for tax professionals and taxpayers
EquityList — Equity management with online cap table management and employee stock option programs (ESOP) administration. Available free for Indian startups

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SGAN is an early stage VC anchored by the multi billion dollar Thakral Group of Companies and has investments across India, Singapore and the USA.

Investment focus

Industry: E-Commerce, Software, Health Care
Stage:Seed, Angel, Series A
Geography: India, United States, Singapore

Investor stats

Total investments: 84
Round size: Seed $150k–$3M; Angel $100k–$650k; Series A $1.4M–$4M
Lead/follow: 4% lead, 96% follow

Portfolio highlights

MyCaptain — MyCaptain is an Edtech platform that helps people transform passion into a career, with guidance from 200 plus professionals who have made a mark in their respective fields.. MyCaptain aims to enable every human to pursue careers they truly love, right from Content creation, Writing, Design, to name a few, and facilitate their growth in the field.The platform aims to train more than a Million learners in new age professions in the year 2025.
Dawaa Dost — Dawaa Dost specializes in the pharmacy retail chain of generic medicines in India. The company focuses on the availability of affordable generic medicines. Dawaa Dost was founded by Amit Choudhary and Yash Harlalka and is based in India.
The Ayurveda Experience — The Most Trusted and Recognized Ayurveda Platform in North America and Australia, Your One-Stop Shop for All Things Ayurveda! Customized to your Dosha or Body Type, enabling the most personalized Ayurveda Experience. Free Shipping to most parts in the world for orders over 30 USD!

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