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Top 10 Hardware Startup Investors in Sri Lanka (October 2026)

The most active venture capital funds and angel investors investing in Sri Lanka Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Sri Lanka Hardware startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
BOV Capital
VC Fund
4 Sri Lanka, India, Switzerland Seed, Series A, Convertible Note E-Commerce, Retail, Internet $32k–$5.5M
Lankan Angel Network (LAN)
VC Fund
2 Sri Lanka, Singapore Angel, Seed, Series A Internet, E-Commerce, Restaurants $24k–$616k
NP Capital Group
VC Fund
1 Sri Lanka Series A Robotics, Animation, Video Games
Singapore Angel Network
VC Fund
1 India, United States, Singapore Seed, Angel, Series A E-Commerce, Health Care, Information Technology $69k–$4M
Hyperion Ventures
VC Fund
1 Sri Lanka Pre-Seed, Series A Robotics, Education, Electronics
Mano Sekaram
Angel
1 Sri Lanka Pre-Seed Robotics, Education, Electronics
Seedstars International Ventures
VC Fund
1 United States, Sri Lanka, Brazil Series A, Seed, Pre-Seed Artificial Intelligence, SaaS, Machine Learning $130k–$2.4M
Apple
VC Fund
1 United States, China, India Post-IPO Equity, Seed, Grant Software, Manufacturing, Artificial Intelligence $10k–$410M
Antler
VC Fund
1 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Dunamis Capital
VC Fund
1 Sri Lanka Series A Apparel, Software, Textiles
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Investor list

BOV Capital
VC Fund · Lkan, Ustecky kraj, Czech Republic · 4 investments in Sri Lanka Hardware startups

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.

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Investment focus

  • Industry: E-Commerce, Retail, Internet
  • Stage:Seed, Series A, Convertible Note
  • Geography: Sri Lanka, India, Switzerland

Investor stats

  • Total investments: 20
  • Round size: Seed $32k–$50k; Series A $378k–$5.5M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2016

Portfolio highlights

  • nCinga — We are a technology investment and venture builder platform. We work on ideas and businesses demonstrating to create value leveraging data affinity, and automation.
  • Linear Squared — Linear Squared is specialized in data science and advanced analytics solutions in Sri Lanka and is home to the country's best resources in AI and ML and other big data technologies.
  • Roar Media — Unlock your content potential with Roar Media. We specialize in creating platform-specific content for global brands and agencies at scale.
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Lankan Angel Network (LAN)
VC Fund · Colombo, Western, Sri Lanka · 2 investments in Sri Lanka Hardware startups

LAN is a group of investors who have a passion for promoting entrepreneurship. LAN comprises of individual investors, venture capitalist, and angel investors. First of its kind in Sri Lanka, LAN was officially launched with the purpose of bringing together the Sri Lankan investor and mentor community and to scale the startup ecosystem.

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Investment focus

  • Industry: Internet, E-Commerce, Restaurants
  • Stage:Angel, Seed, Series A
  • Geography: Sri Lanka, Singapore

Investor stats

  • Total investments: 18
  • Round size: Seed $44k–$252k; Angel $24k–$224k; Series A $150k–$616k
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $5M in 2015

Portfolio highlights

  • Mintpay — With Mintpay you can Shop Better, both online & in-store and Pay Better with features like, BNPL & Instant Cashback Rewards at 3,000+ partner brands in Sri Lanka.
  • Magicbit — Magicbit provides STEM kits for kids to create 100+ innovative projects in coding, robotics, IoT & electronics with project based learning.
  • Rebuild — Rebuild creates visually beautiful websites through AI automation while increasing speed, efficiency, and clever design solutions.
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NP Capital Group
VC Fund · Colombo, Western, Sri Lanka · 1 investments in Sri Lanka Hardware startups

NP Capital is a diversified holding company committed to investing in highly viable and vital business sectors

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Investment focus

  • Industry: Robotics, Animation, Video Games
  • Stage:Series A
  • Geography: Sri Lanka

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Arimac Lanka — Arimac Lanka is a fully-fledged digital solutions provider for businesses. They use cutting-edge technologies to create cutting-edge web and mobile applications for both the Android and iOS platforms. It focuses on utilizing robotics as an assisting interface for the customers and employees of an organization. The company's goal is to createmore user-friendly and accessible robotic systems, and we are currently developing an in-house prototype of an advanced concierge robot called Diyazen.
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Singapore Angel Network
VC Fund · Singapore, Central Region, Singapore · 1 investments in Sri Lanka Hardware startups

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.

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Investment focus

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

Investor stats

  • Total investments: 100
  • Round size: Seed $300k–$3M; Angel $69k–$650k; Series A $1.4M–$4M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • MyCaptain — MyCaptain is an online learning and teaching platform offering online courses with placements and certification programs. Upskill industry knowledge in the fields of business, marketing, design, content, and more.
  • 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.
  • India Inc. Group — India Inc. is a media house that produces content and curates events on investment, trade, and policy matters. The company focuses on India’s increasingly globalized economic and strategic agenda. India Inc. Group's flagship publication is the ‘India Global Business’. It was founded in 2011 and is based in London, England, United Kingdom.
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Hyperion Ventures
VC Fund · Colombo, Western, Sri Lanka · 1 investments in Sri Lanka Hardware startups

Hyperion is a venture capital firm that invests in founders who are passionate, creative and dedicated to executing their vision. We are stage agnostic & partner with seed to late-stage companies across all sectors.Hyperion’s ethos is founder-centric which means an investment in your company is an investment in you. Our team is available,responsive and committed to you, when and where you need it.

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Investment focus

  • Industry: Robotics, Education, Electronics
  • Stage:Pre-Seed, Series A
  • Geography: Sri Lanka

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Magicbit — Magicbit provides STEM kits for kids to create 100+ innovative projects in coding, robotics, IoT & electronics with project based learning.
  • Roar Media — Unlock your content potential with Roar Media. We specialize in creating platform-specific content for global brands and agencies at scale.
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Mano Sekaram
Angel · 1 investments in Sri Lanka Hardware startups

Mano Sekaram is Founder and CEO at 99x.He Previously worked at Lanka Angel Network as Chairman.He attended Trinity College.

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Investment focus

  • Industry: Robotics, Education, Electronics
  • Stage:Pre-Seed
  • Geography: Sri Lanka

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Magicbit — Magicbit provides STEM kits for kids to create 100+ innovative projects in coding, robotics, IoT & electronics with project based learning.
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Seedstars International Ventures
VC Fund · 1 investments in Sri Lanka Hardware startups

Seedstars International Ventures is an investment firm Invest in pre-seed & seed-stage startups.

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Investment focus

  • Industry: Artificial Intelligence, SaaS, Machine Learning
  • Stage:Series A, Seed, Pre-Seed
  • Geography: United States, Sri Lanka, Brazil

Investor stats

  • Total investments: 18
  • Round size: Seed $1.6M–$2.4M; Pre-Seed $150k–$1.2M; Series A $130k–$200k
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Gigmile — Gigmile provides financial services. They provide gig workers with core services and an affordable lease on productive assets that is tailored to their earnings to enable them to succeed in the mobility industry as entrepreneurs.
  • MatBook — Order cement, TMT bars, plumbing, electricals, paints, plywood and hardware from trusted brands at wholesale prices, delivered to your site.
  • Lorien Finance — Lorien Finance is a cross-border FinTech platform providing affordable student loans and retail banking services to immigrants (students and temporary workers) moving to the US.
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Apple
VC Fund · Cupertino, California, United States · 1 investments in Sri Lanka Hardware startups

Discover the innovative world of Apple and shop everything iPhone, iPad, Apple Watch, Mac, and Apple TV, plus explore accessories, entertainment, and expert device support.

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Investment focus

  • Industry: Software, Manufacturing, Artificial Intelligence
  • Stage:Post-IPO Equity, Seed, Grant
  • Geography: United States, China, India

Investor stats

  • Total investments: 41
  • Round size: Seed $10k–$16M; Grant $1.3M–$390M; Post-IPO Equity $4.2M–$410M
  • Lead/follow: 68% lead, 32% follow
  • Last fund: Likely still investing — raised $75M in 2022

Portfolio highlights

  • iHairium — We help people who suffer from hair loss & baldness with AI diagnosis of hair and skin for 10 minutes, with treatment and recommendations, with online consultations and hair care support, or with choose a clinic for hair restoration and hair trasplant
  • Globalstar — Globalstar offers high quality, low-cost satellite voice and data services to commercial and recreational users from virtually anywhere in more than 120 countries around the world.Globalstar, which was established in 1991 and began commercial service in late 1999, currently offers service from virtually anywhere across over 120 countries, aswell as from most territorial waters and several mid-ocean regions. Signals from a Globalstar phone or modem are received by the company's constellation of Low Earth Orbiting (LEO) satellites and relayed to ground-based gateways, which then pass the call on to the terrestrial telephone network.
  • CleanMax — Cleanmax, A leading renewable energy partner in India offering solar, rooftop & PPA solutions to help businesses meet sustainability and net-zero goals.
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Antler
VC Fund · Singapore, Central Region, Singapore · 1 investments in Sri Lanka Hardware startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Singapore, Australia

Investor stats

  • Total investments: 2387
  • Round size: Seed $158k–$4.6M; Pre-Seed $100k–$600k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
  • Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
  • Plouton AI —
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Dunamis Capital
VC Fund · Colombo, Western, Sri Lanka · 1 investments in Sri Lanka Hardware startups

Dunamis Capital is establish in 1985 as Central Securities Limited, over time they have created a promising portfolio of growth oriented companies.They currently exercise significant control over the underlying subsidiaries of First Capital Holdings PLC (CSE Ticker: CFVF) and Kelsey Developments PLC (CSE Ticker: KDL).Listed on the Colombo StockExchange since 1986, they are traded under the ticker code CSEC.Reflecting their comfortable liquidity conditions and other credit fundamentals they are rated BBB with stable outlook by ICRA Lanka.

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Investment focus

  • Industry: Apparel, Software, Textiles
  • Stage:Series A
  • Geography: Sri Lanka

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • nCinga — We are a technology investment and venture builder platform. We work on ideas and businesses demonstrating to create value leveraging data affinity, and automation.
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Hardware Investor funding in Sri Lanka at a glance

Stats across 24 deals from 19 investors.

19
investors
in Sri Lanka Hardware startups
24
deals
in Sri Lanka Hardware startups
$145k
median round
in Sri Lanka Hardware startups
11%
lead investors
lead at least one round
42%
Series A
most common funding stage
95/5
VC / Angel
share of investor count

Access all 19 investors in Sri Lanka Hardware startups.

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