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Top 30 Hardware VC Funds & Investors in Bangladesh (July 2026)

The most active venture capital funds investing in Bangladesh Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Bangladesh Hardware startup companies. Find investors to raise a Pre-Seed, Seed or Debt Financing round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
SOSV
VC Fund
4 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
Century Oak Ventures
VC Fund
2 Bangladesh Seed B2B, Retail, E-Commerce $917k–$2.6M
Blue Aura Ventures
VC Fund
2 Bangladesh Seed, Pre-Seed B2B, EdTech, Retail $220k–$2.6M
Astir Ventures
VC Fund
2 India, Bangladesh, Pakistan Seed, Pre-Seed, Series A Video, E-Commerce, Artificial Intelligence $125k–$2.4M
SBK
VC Fund
2 Bangladesh, Singapore Pre-Seed, Seed, Series A E-Commerce, Financial Services, Apps $1.2M–$5M
Asymmetry Ventures
VC Fund
2 United States, India, United Kingdom Seed, Series A, Pre-Seed Software, Health Care, Biotechnology $148k–$21M
Mercantile Bank
VC Fund
1 Bangladesh, United States Debt Financing, Private Equity Pet, Medical, Veterinary
BANSEA
VC Fund
1 Indonesia, Singapore, Togo Seed, Pre-Seed B2B, SaaS, Software $150k–$2.6M
Standard Chartered Bank
VC Fund
1 India, Singapore, United Kingdom Debt Financing, Post-IPO Debt Financial Services, Energy, Finance $70M–$3B
BKash
VC Fund
1 Bangladesh Debt Financing Telecommunications, Optical Communication
Jamuna Bank
VC Fund
1 Bangladesh Debt Financing Telecommunications, Optical Communication
NCC Bank
VC Fund
1 Bangladesh Debt Financing Telecommunications, Optical Communication
Orbit Startups
VC Fund
1 India, Singapore, Pakistan Seed, Pre-Seed, Convertible Note E-Commerce, Information Technology, Software
Voltity
VC Fund
1 Chile, Bangladesh Seed, Series A B2B, SaaS, Retail
South Asia Tech Partners
VC Fund
1 Bangladesh, India Seed, Pre-Seed, Series B Logistics, Transportation, B2B $250k–$2.6M
Evolution Ventures
VC Fund
1 United States, Mexico, Bangladesh Series A, Seed, Series B Financial Services, B2B, Gaming $11M–$69M
British International Investment
VC Fund
1 India, Kenya, Nigeria Debt Financing, Series B Financial Services, Banking, Finance $9M–$130M
One Bank Ltd
VC Fund
1 Bangladesh Debt Financing Telecommunications, Optical Communication
The City Bank
VC Fund
1 Bangladesh Debt Financing, Post-IPO Debt B2B, Fashion, Textiles $1k–$30M
Habib Bank
VC Fund
1 Pakistan, Bahrain, Bangladesh Debt Financing, Series A, Post-IPO Debt Financial Services, Telecommunications, Mobile $1k–$669M
Trust Bank
VC Fund
1 Bangladesh Debt Financing Telecommunications, Optical Communication
Dutch-Bangla Bank
VC Fund
1 Bangladesh Debt Financing Banking, Finance, Financial Services $1k–$31M
Sabr Capital
VC Fund
1 Pakistan, Bangladesh, Singapore Seed, Pre-Seed, Series A B2B, Retail, E-Commerce $700k–$1.3M
Dhaka Bank Limited
VC Fund
1 Bangladesh Post-IPO Debt, Debt Financing Fashion, Textiles, Manufacturing
Mutual Trust Bank
VC Fund
1 Bangladesh Debt Financing Banking, Finance, Financial Services $1k–$31M
Commercial Bank of Ceylon
VC Fund
1 India, Bangladesh Post-IPO Debt, Debt Financing Banking, Finance, Financial Services $1k–$40k
Bangladesh Angels
VC Fund
1 Bangladesh, India, Estonia Seed, Pre-Seed, Angel SaaS, Fashion, Supply Chain Management $84k–$1.5M
Bank Asia Limited
VC Fund
1 Bangladesh Debt Financing Telecommunications, Optical Communication
United Commercial Bank(UCB)
VC Fund
1 Bangladesh Debt Financing Telecommunications, Optical Communication
GFR Fund
VC Fund
1 United States, United Kingdom, Australia Seed, Series A, Pre-Seed Software, Gaming, Information Technology $700k–$20M
Access all 46 VC funds in Bangladesh Hardware startups.

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Investor list

SOSV
VC Fund · Princeton, New Jersey, United States · 4 investments in Bangladesh Hardware startups, 75 in the past 12 months

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1482
  • Lead/follow: no public data

Portfolio highlights

  • MixRift — MIXRIFT - game developers specialized in Mixed Reality
  • unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
  • Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.
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Century Oak Ventures
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Bangladesh Hardware startups

Century Oak Ventures Limited is a Dubai-based, DIFC-registered venture capital firm regulated by the DFSA. Our small team of experts focuses on finding early-stage, tech-enabled companies in emerging markets.

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Investment focus

  • Industry: B2B, Retail, E-Commerce
  • Stage:Seed
  • Geography: Bangladesh

Investor stats

  • Total investments: 2
  • Round size: Seed $917k–$2.6M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • PriyoShop — Online shopping in Bangladesh for men, women & kids. Buy dress, gift item, beauty products, unique items, jewelry, watch, electronics at PriyoShop.com
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Blue Aura Ventures
VC Fund · Dover, Delaware, United States · 2 investments in Bangladesh Hardware startups

Blue Aura Ventures is a venture capital firm.Globally, the company supports growth-stage, tech-focused founders through direct investments and fund investments. The company is interested in making investments in the e-commerce, fintech, foodtech, automotive, and edtech industries.

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Investment focus

  • Industry: B2B, EdTech, Retail
  • Stage:Seed, Pre-Seed
  • Geography: Bangladesh

Investor stats

  • Total investments: 4
  • Round size: Seed $220k–$2.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • PriyoShop — Online shopping in Bangladesh for men, women & kids. Buy dress, gift item, beauty products, unique items, jewelry, watch, electronics at PriyoShop.com
  • Interactive Cares — Interactive Cares is a one stop virtual Edtech Platform for creating employability to 2.7 Million unemployed youth in Bangladesh & make them skilled through its integrated digital learning. Interactive Cares is working to create 1 M job placement by end of 2026.
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Astir Ventures
VC Fund · South Plainfield, New Jersey, United States · 2 investments in Bangladesh Hardware startups

Astir Ventures is a leading investment firm, seeking out the best and most exciting investment opportunities. We are looking for the best entrepreneurial and business ideas to fund, mentor, and bring to market. Astir Ventures can provide you with the necessary funding and support, so your idea goes from business proposal to practice. Astir Ventureshas a rich history of finding excellent business opportunities; nurturing, guiding, and funding them for success.

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Investment focus

  • Industry: Video, E-Commerce, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: India, Bangladesh, Pakistan

Investor stats

  • Total investments: 14
  • Round size: Seed $400k–$1.3M; Pre-Seed $125k–$2.4M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Bower School of Entrepreneurship — Bower School provides entrepreneurship-focused education for all age groups.
  • Workroom
  • Neuralzome Cybernetics — 24/7 Autonomous bots for weeding clearing and mowing.
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SBK
VC Fund · 2 investments in Bangladesh Hardware startups

SBK Tech Ventures is an impact technology fund focusing on early stage, tech-platform companies in emerging markets.

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Investment focus

  • Industry: E-Commerce, Financial Services, Apps
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Bangladesh, Singapore

Investor stats

  • Total investments: 15
  • Round size: Seed $1.2M–$5M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Ostad — Learn skills from the best Industry practitioner in Bangladesh & get a job in our partnered companies...
  • SOLshare — Sustainable, affordable energy access for low income rural people is possible right now. Their decentralised peer-to-peer microgrids deliver solar power to households and businesses, and enable them to trade their (excess) electricity for profit.SOLshare has created a revolutionary new approach to bring affordable solar electricity toeveryone in Bangladesh and beyond through its peer-to-peer solar energy trading platforms based on distributed ledger technology. They believe the smart peer to peer grids they are building in Bangladesh can be the future for utilities globally. SOLshare pioneers a micro-energy transition model 3.0 by interconnecting solar home systems in peer-to-peer networks, monetizing excess solar energy along the value chain in real time with mobile money and empowering communities to earn a direct income from the sun.
  • Bonton Connect
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Asymmetry Ventures
VC Fund · San Francisco, California, United States · 2 investments in Bangladesh Hardware startups

Asymmetry Ventures invests in scalable early-stage companies with exceptional defensibility.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 206
  • Round size: Seed $1M–$5M; Pre-Seed $148k–$2.2M; Series A $5M–$21M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Enlightra — Extreme-bandwidth data transmission enabled by light
  • Persist AI — Persist AI develops PLGA microspheres for long-acting injectable formulations 50% faster using automation and AI.
  • Coreshell Technologies — Battery Capacity Unlocked
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Mercantile Bank
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

Mercantile Bank provides Islamic and other banking services such as deposits and loans.

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Investment focus

  • Industry: Pet, Medical, Veterinary
  • Stage:Debt Financing, Private Equity
  • Geography: Bangladesh, United States

Investor stats

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

Portfolio highlights

  • PractiVet — PractiVet provides accurate information, fluid therapy control devices, equine products, pumps, needle-free port and container adapter.
  • Banglalink — Banglalink is a provider of telecommunication and internet broadband services.
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BANSEA
VC Fund · Singapore, Central Region, Singapore · 1 investments in Bangladesh Hardware startups

BANSEA was establised in 2001 by a group of Singapore-based angel investors. BANSEA has network connections to angel groups in China, India, Malaysia and Thailand, as well as close links to groups in Europe and the US. Our members have investment experience spanning multiple sectors and a track record in building successful companies.BANSEAorganises 10 to 12 events in a year for our members to meet and listen to short pitches by start-ups shortlisted by our Screening Committe. Members may or may not invest as a group. While there could be collaboration on due dilligence, members exercise autonomy in making investment decsions. Start-ups that have successfully raised seed capital through our members also benefit from their value-added mentoring. Members benefit from an informed and collaborative approach to angel investing.

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Investment focus

  • Industry: B2B, SaaS, Software
  • Stage:Seed, Pre-Seed
  • Geography: Indonesia, Singapore, Togo

Investor stats

  • Total investments: 12
  • Round size: Seed $150k–$2.6M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Markopolo AI — Markopolo is a complete paid marketing suite that helps you launch targeted ads in seconds. Generate the perfect creative and AI-powered copy, schedule posts ahead of time to save time and get real-time analytics on how well they perform! If you’re looking for a smarter, faster way to create ads and automate the boring parts of ad management,there’s a tool you need to meet.We have built the software for cookieless era. We use server side pixel to gather lossless data from each and every attribution point. Business that adopt Markopolo see 34% reduction in Cost per click, 41% increase in Conversion rate and 30% increase in Budget spending efficiency within first few campaigns. These are the benchmarks achieved with the algorithms behind Marokopolo, and we have just started! We provide an end to end solution in Paid Marketing, which is critical for a modern marketing team manager to improve efficiency. Finding the right audience to target is a complicated science that we have cracked at Markopolo. We have a patent pending status in USPTO on it. Lastly getting real-time analytics from all these platforms and actionable suggestions from Markopolo algorithm completes the whole user journey.Features: - Integrates with Facebook, Instagram, Google Ads and YouTube - Built in Campaign Manager for scheduling and managing all the ads from one place - Ad Engine that monitors and optimises all the Ads 24/7 - Suggestion Engine that guides like a professional marketer - Get a holistic overview of all the metrics from all the campaigns in one dashboard - Ad Maker that comes with AI Generated Copy and Creatives - Targeting AI generates custom Audience presets - GDPR Compliant1,000+ businesses use Markopolo to automate their campaign creation and management in Social and Search Ad platforms.Try us out- https://www.markopolo.ai/Watch our product demo- https://www.youtube.com/watch?v=0VExF-j9sdg&t=87sWatch this how to get started video series- https://www.youtube.com/watch?v=VyFsYkb4YvQ&list=PLG1FKDs4H_wGH0NfxNflJgr0WVzn6m8Pj
  • Blitz Electric Mobility — Blitz provides electric vehicles and fleet management software to food and beverage delivery, courier, and logistics companies.
  • KalPay — KalPay is the largest Shariah Compliant Buy Now Pay Later in Pakistan, giving our customers easy access to credit and allowing them to purchase products in 3 monthly installments. We have a portfolio of hundreds of brands spread across multiple segments!
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Standard Chartered Bank
VC Fund · London, England, United Kingdom · 1 investments in Bangladesh Hardware startups, 24 in the past 12 months

Standard Chartered Bank offers personal and business banking services. Their solutions for companies include transaction banking and financial markets solutions. They also offer current accounts, savings accounts, credit cards, loans, and mortgage services.

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Investment focus

  • Industry: Financial Services, Energy, Finance
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: India, Singapore, United Kingdom

Investor stats

  • Total investments: 128
  • Round size: Post-IPO Debt $100M–$3B; Debt Financing $70M–$1.3B
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Singtel — The Singtel Group, Asia's leading communications group provides a diverse range of services including fixed, mobile, data, internet, TV, infocomms technology (ICT) and digital solutions.
  • Avaada — Business and sustainability can go hand-in-hand. Their unique strategy interweaves business goals with environmental sustainability and social responsibility, producing mutually beneficial results. By contributing to community’s socio-economic development in the short-term, they foresee delivery of continual value to their shareholders. Throughtheir community engagement initiatives, they are contributing to uplift the lifestyle of communities they work with.
  • China Energy Engineering Corporation — China Energy Engineering Corporation is the solutions providers for the power industry across the world. It also enables to provide customers with one-stop integrated solutions and full life-cycle project management services. They offer survey and design services for large-scale power generation projects covering grid projects, power sources, andconsultancy services including evaluation, supervision of power projects, policy consultation, and assessment.The company sell and manufactures civil explosives and cement and provides blasting services for projects. It also operates power plants and other infrastructure projects such as environmental protection projects, highways, and water conservancy projects.China Energy Engineering Corporation was named The Top 150 Global Design Firms” in 2015 for their design business and 15th among “The Top 250 Global Contractors” in 2014 for their contracting businesses respectively by ENR.China Energy Engineering Corporation was established on December 19, 2014, and is headquartered in Chaoyang District, Beijing, China.
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BKash
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

bKash is the fastest and safest medium of financial transaction, bKash makes your life simple with Send Money, Add Money, Pay Bill, Mobile Recharge, Payment and many more services.

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Investment focus

  • Industry: Telecommunications, Optical Communication
  • Stage:Debt Financing
  • Geography: Bangladesh

Investor stats

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

Portfolio highlights

  • Banglalink — Banglalink is a provider of telecommunication and internet broadband services.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Jamuna Bank
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

Jamuna Bank is a commercial bank that offers a range of banking products and services such as personal banking, foreign trade, etc.

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Investment focus

  • Industry: Telecommunications, Optical Communication
  • Stage:Debt Financing
  • Geography: Bangladesh

Investor stats

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

Portfolio highlights

  • Banglalink — Banglalink is a provider of telecommunication and internet broadband services.
Show all investments...

NCC Bank
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

NCC Bank offers saving and current accounts, house, personal, car, education, and health loans, lockers, credit, and debit card services.

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Investment focus

  • Industry: Telecommunications, Optical Communication
  • Stage:Debt Financing
  • Geography: Bangladesh

Investor stats

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

Portfolio highlights

  • Banglalink — Banglalink is a provider of telecommunication and internet broadband services.
Show all investments...

Orbit Startups
VC Fund · Cork, Cork, Ireland · 1 investments in Bangladesh Hardware startups, 24 in the past 12 months

Orbit Startups helps companies scaling breakthrough technologies across emerging and frontier markets to the regions with the most aggressive growth.

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Investment focus

  • Industry: E-Commerce, Information Technology, Software
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: India, Singapore, Pakistan

Investor stats

  • Total investments: 123
  • Lead/follow: no public data

Portfolio highlights

  • TAPPI — TAPPI is the leading association for the worldwide pulp, paper, packaging, and converting industries and publisher of Paper360º.
  • Braingaze — Braingaze solves major challenges around cognitive disorders of the brain. We use a patented neuro-biomarker based on small involuntary eye movements. These are triggered by functional games, the resulting signal is analysed using algorithms trained by Deep Learning based on actual real patient / control cases. We adress pre-symptomatic stagesof Alzheimer's disease and the most common child cognitive disorder ADHD. Our tools are on the market and covered by a CE Mark as a medical device. Our pipeline includes detection / diagnostic tools as well as digital therapy solutions that have shown to reduce symtoms by over 50%.
  • Tappi — Convert one-time customers into loyal ones by getting discovered, growing leads and building your business reputation.
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Voltity
VC Fund · Paphos, Paphos, Cyprus · 1 investments in Bangladesh Hardware startups

Voltity is an asset management company with a diversified portfolio across various asset classes. Their main areas of focus and activity include Public markets, Venture capital, Private equity, Real estate, and Development.

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Investment focus

  • Industry: B2B, SaaS, Retail
  • Stage:Seed, Series A
  • Geography: Chile, Bangladesh

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Booksy — Booksy - book appointments online. Find & book beauty services like hairdressing, manicure, spa or massage. Check prices & reviews!
  • PriyoShop — Online shopping in Bangladesh for men, women & kids. Buy dress, gift item, beauty products, unique items, jewelry, watch, electronics at PriyoShop.com
  • HealthAtom — HealthAtom is a healthcare software platform that design innovative healthcare solutions that allow the clinical industry to advance in the use of administrative technologies. They dentalink and medilink software for better healthcare services for patients.
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South Asia Tech Partners
VC Fund · Oak Ridge, North Carolina, United States · 1 investments in Bangladesh Hardware startups

South Asia Tech is a post-accelerator growth platform. We provide capital, counsel and connections that help startups grow revenues from $1M to $100M. We focus on logistics and e-commerce in South Asia.

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Investment focus

  • Industry: Logistics, Transportation, B2B
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Bangladesh, India

Investor stats

  • Total investments: 6
  • Round size: Seed $1.5M–$2.6M; Pre-Seed $250k–$1M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Pathao — Pathao can move you forward. One app for your success, earning, betterment, comfort, easy going lifestyle and many more. Keep #MovingSafely
  • PriyoShop — Online shopping in Bangladesh for men, women & kids. Buy dress, gift item, beauty products, unique items, jewelry, watch, electronics at PriyoShop.com
  • Red Basil Technologies — Redbasil allows you to Discover, connect and transact with top quality food suppliers in your area.
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Evolution Ventures
VC Fund · Miami Beach, Florida, United States · 1 investments in Bangladesh Hardware startups

Evolution Ventures is an early-stage venture capital fund dedicated to investing in startup companies with purposeful founders who want support in leadership and in developing their organizations so as to rapidly scale without losing their soul, serving all their stakeholders as they do.

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Investment focus

  • Industry: Financial Services, B2B, Gaming
  • Stage:Series A, Seed, Series B
  • Geography: United States, Mexico, Bangladesh

Investor stats

  • Total investments: 6
  • Round size: Series A $11M–$69M; Series B $14M–$28M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Flow48 — Flow48 is a platform that allows companies to access capital by providing revenue-based finance services.
  • Carro — Unlock a new sales channel and let Carro uncover the perfect brand partners on Shopify. Carro enables top brands on Shopify to sell each others products through cross-store selling.
  • Clara — Clara is an end-to-end corporate spend management solution for growing businesses in Latin America. Clara's credit cards and spend management solution are already being used by thousands of top companies in Mexico, Brazil, and Colombia.The company is backed by leading regional and global investors, such as Coatue, DST Global, monashees,Kaszek, Canary, Picus Capital, Avid Ventures, A*, Box Group, SOMA Capital, SV Angel, and dozens of angel investors including some of the most successful founders in LatAm and the world. Clara reached a unicorn valuation in record time and has been recognized as a Great Place to Work and a LinkedIn Top Startup.Clara is creating the future of how company finances are run and helping our customers be more successful. Clara aspires to empower companies to operate with agility and financial clarity, ultimately increasing the economic competitiveness of Latin America.
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British International Investment
VC Fund · London, England, United Kingdom · 1 investments in Bangladesh Hardware startups

British International Investment is the UK's development finance institution. We've been at the forefront of supporting companies in developing countries for more than 70 years.

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Investment focus

  • Industry: Financial Services, Banking, Finance
  • Stage:Debt Financing, Series B
  • Geography: India, Kenya, Nigeria

Investor stats

  • Total investments: 152
  • Round size: Series B $14M–$50M; Debt Financing $9M–$130M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Scatec ASA — Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in emerging markets.
  • Wave Mobile Money — Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money. Wave Mobile Money is on a mission to make Africa the first cashless continent. On a continent where less than 10% of the population has a bank account, Wave is building the first modern financial network — no account fees, instantly available, andaccepted everywhere! It is building life-changing financial infrastructure. When mobile money succeeded in Kenya, it lifted about a million people out of poverty. And yet, over 10 years later, most Africans still lack access to affordable ways to save, transfer or borrow the money they need to build businesses or provide for their families. Wave is solving this problem by using technology to build a radically inclusive and extremely affordable financial network.
  • CLR Facility Services — CLR is a leading Integrated Facility Management (IFM) company with a PAN India presence, providing comprehensive solutions including IFM, Technical Services, Business Support, Aviation Services, Production Support, and Floor Care Services.
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One Bank Ltd
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

OBL is a Private Sector Commercial Bank

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Investment focus

  • Industry: Telecommunications, Optical Communication
  • Stage:Debt Financing
  • Geography: Bangladesh

Investor stats

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

Portfolio highlights

  • Banglalink — Banglalink is a provider of telecommunication and internet broadband services.
Show all investments...

The City Bank
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

From 1983 till date, City Bank has been a case study in evolution, having transformed over time from a traditional organization to a critically acclaimed multi-faceted institution that embraces global best practices and chooses to be at the forefront of technological initiatives. Unlike many, the Bank's criteria for success are not only thebottom-line numbers but also the milestones set towards becoming the most complete bank in the country.

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Investment focus

  • Industry: B2B, Fashion, Textiles
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Bangladesh

Investor stats

  • Total investments: 3
  • Round size: Debt Financing $1k–$30M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ShopUp — Embedding commerce, logistics and financing solutions together to supercharge small businesses.
  • Banglalink — Banglalink is a provider of telecommunication and internet broadband services.
  • Far East Knitting & Dyeing — Far East Knitting & Dyeing Industries provides knit garments like casual wear, activewear, and basics in menswear and womenswear. Their services includes sewing, cutting, printing, embroidery, washing, designing, patterning fabric, dyeing, and knitting
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Habib Bank
VC Fund · Karachi, Sindh, Pakistan · 1 investments in Bangladesh Hardware startups

Habib Bank Limited is a financial institution of Pakistan.

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Investment focus

  • Industry: Financial Services, Telecommunications, Mobile
  • Stage:Debt Financing, Series A, Post-IPO Debt
  • Geography: Pakistan, Bahrain, Bangladesh

Investor stats

  • Total investments: 8
  • Round size: Series A $3.3M–$10M; Debt Financing $1k–$669M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Eskan Bank — Eskan Bank is a financial institution that provides lending, mortgages, loans, electronic fund transfer and online banking services.
  • Amreli Steel — Amreli Steels is a company that specializes in steel rebars and steel billets.
  • National Bank of Bahrain BSC — National Bank of Bahrain BSC is a provider of retail and wholesale commercial banking, treasury and investment.
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Trust Bank
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

Trust Bank Limited (TBL) is a commercial banks in Bangladesh. The bank is sponsored by the Army Welfare Trust (AWT) first of its kind in Bangladesh. With a wide range of corporate, retail, SME, and Islamic Banking products TBL has been operating in Bangladesh from 1999 and has since achieved public confidence as a sound and stable financialinstitution.

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Investment focus

  • Industry: Telecommunications, Optical Communication
  • Stage:Debt Financing
  • Geography: Bangladesh

Investor stats

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

Portfolio highlights

  • Banglalink — Banglalink is a provider of telecommunication and internet broadband services.
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Dutch-Bangla Bank
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

Dutch-Bangla Bank provides a range of personal and business banking products along with electronic banking services.

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Investment focus

  • Industry: Banking, Finance, Financial Services
  • Stage:Debt Financing
  • Geography: Bangladesh

Investor stats

  • Total investments: 4
  • Round size: Debt Financing $1k–$31M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Global Islami Bank — The goal of Global Islami Bank is to establish itself as a leading brand in the financial industry by providing outstanding customer service and generating value for all parties involved customers, shareholders, partners, society, and the economy—through innovation, transparency, and honesty.
  • National Bank — National Bank is a banking institution that provides financial services. The institution also provides resident foreign currency deposit, non-resident foreign currency deposit, bi-monthly income scheme, century deposit scheme, current deposit, monthly earning scheme, double benefit account, term deposit, savings deposit, sonar bangla amanot, highereducation deposit scheme, preferred service account, aamar account, school banking account, house building finance, and agriculture finance.
  • First Security Islami Bank — First Security Islami Bank provides investment, loans, financial, banking, credit, and debit card services that are supported by cutting-edge technology.
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Sabr Capital
VC Fund · Singapore, Central Region, Singapore · 1 investments in Bangladesh Hardware startups

Sector agnostic early stage investment partner for Shariah Compliant ventures based in Pakistan, Bangladesh, Middle East and Africa.

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Investment focus

  • Industry: B2B, Retail, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Pakistan, Bangladesh, Singapore

Investor stats

  • Total investments: 12
  • Round size: Seed $700k–$1.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jatri — Jatri is a public transport journey planner, digital ticketing and mobility marketplace, driving productivity by helping drivers to offer reliable transport to the commuters through our state-of-the-art technology.
  • OkayKer — Okayker uses a fleet of mobile ustaads and gurus to deliver on-demand and on-site vehicle maintenance, repair, and emergency services. Founded in 2020 and is based in Karachi.
  • KalPay — KalPay is the largest Shariah Compliant Buy Now Pay Later in Pakistan, giving our customers easy access to credit and allowing them to purchase products in 3 monthly installments. We have a portfolio of hundreds of brands spread across multiple segments!
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Dhaka Bank Limited
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

Dhaka Bank offers a complete range of banking, lending and investment services for individuals and business institutions.

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Investment focus

  • Industry: Fashion, Textiles, Manufacturing
  • Stage:Post-IPO Debt, Debt Financing
  • Geography: Bangladesh

Investor stats

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

Portfolio highlights

  • Banglalink — Banglalink is a provider of telecommunication and internet broadband services.
  • Far East Knitting & Dyeing — Far East Knitting & Dyeing Industries provides knit garments like casual wear, activewear, and basics in menswear and womenswear. Their services includes sewing, cutting, printing, embroidery, washing, designing, patterning fabric, dyeing, and knitting
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Mutual Trust Bank
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

The Company was incorporated as a Public Limited Company in 1999, under the Companies Act 1994, with an Authorized Share Capital of BDT 1,000,000,000 divided into 10,000,000 ordinary shares of BDT 100 each. At present, the Authorized Share Capital of the company is BDT 10,000,000,000 divided into 1,000,000,000 ordinary shares of BDT 10 each.

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Investment focus

  • Industry: Banking, Finance, Financial Services
  • Stage:Debt Financing
  • Geography: Bangladesh

Investor stats

  • Total investments: 4
  • Round size: Debt Financing $1k–$31M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Global Islami Bank — The goal of Global Islami Bank is to establish itself as a leading brand in the financial industry by providing outstanding customer service and generating value for all parties involved customers, shareholders, partners, society, and the economy—through innovation, transparency, and honesty.
  • National Bank — National Bank is a banking institution that provides financial services. The institution also provides resident foreign currency deposit, non-resident foreign currency deposit, bi-monthly income scheme, century deposit scheme, current deposit, monthly earning scheme, double benefit account, term deposit, savings deposit, sonar bangla amanot, highereducation deposit scheme, preferred service account, aamar account, school banking account, house building finance, and agriculture finance.
  • First Security Islami Bank — First Security Islami Bank provides investment, loans, financial, banking, credit, and debit card services that are supported by cutting-edge technology.
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Commercial Bank of Ceylon
VC Fund · Colombo, Western, Sri Lanka · 1 investments in Bangladesh Hardware startups

Commercial Bank of Ceylon is a commercial banking in financial services company.

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Investment focus

  • Industry: Banking, Finance, Financial Services
  • Stage:Post-IPO Debt, Debt Financing
  • Geography: India, Bangladesh

Investor stats

  • Total investments: 3
  • Round size: Debt Financing $1k–$40k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Banglalink — Banglalink is a provider of telecommunication and internet broadband services.
  • Checkbox Digital — Checkbox is a B2B reselling platform that enables micro-entrepreneurs to start and run their online stores through social channels such as Facebook and Instagram.By joining the Checkbox platform, entrepreneurs get access to thousands of top-selling products that they can resell on their online stores without purchasing the items, and earn profitwith every sale. All the operations and logistics (i.e. inventory, packing, & delivery) are taken care of by the Checkbox team so that the entrepreneur can run a business from home virtually "hands-off".Checkbox is creating self-employment opportunities for thousands of unemployed youth by enabling social commerce entrepreneurship.
  • Satin Creditcare Network — Satin Creditcare, One of the Leading Microfinance Companies in India is a NBFC(non-banking financial corporation) that Aims to Make a Difference in Lives of Excluded Masses, While Creating an Ecosystem of Value-Led Growth for Each of its Stakeholders. To know more, contact us at 0124-4715400.
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Bangladesh Angels
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

Bangladesh Angels operates as an angel investing platform. Its mission to nurture innovation and entrepreneurship in Bangladesh, connecting them to both local and global investors. Bangladesh Angels was founded in 2018 and is headquartered in Dhaka, Bangladesh.

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Investment focus

  • Industry: SaaS, Fashion, Supply Chain Management
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Bangladesh, India, Estonia

Investor stats

  • Total investments: 12
  • Round size: Seed $200k–$1.5M; Pre-Seed $84k–$100k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Adeffi — Adeffi is a tech-enabled ad marketplace revolutionizing OOH and DOOH advertising with innovative, data-driven solutions and gig economy integration. Since 2019, we’ve leveraged technology to transform the physical world into dynamic ad opportunities, helping brands connect with target audiences through impactful outdoor strategies. Profitable andsurpassing $1M in annual revenue in 2024, Adeffi is reshaping the future of advertising in Bangladesh and expanding to cities in India, Nepal, Thailand and Vietnam.
  • Airwrk — Hire through platform or through consulting & services. Source, vet, & hire pre-vetted global talent with state-of-the art AI recruiting tech.
  • Shuttle — Shuttle is a mass-transit startup based in Bangladesh that provides safe transportation at an affordable fare by moving more people with fewer vehicles and caters to both B2B and B2C customers.
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Bank Asia Limited
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

Bank Asia is a third generation public limited commercial bank. It received the Certificate of Incorporation on September 28, 1999 and came to operation on November 27, 1999. Now after 19 faithful years of dedicated and reliable services

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Investment focus

  • Industry: Telecommunications, Optical Communication
  • Stage:Debt Financing
  • Geography: Bangladesh

Investor stats

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

Portfolio highlights

  • Banglalink — Banglalink is a provider of telecommunication and internet broadband services.
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United Commercial Bank(UCB)
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Bangladesh Hardware startups

UCB is creating a workplace where our people are empowered and enabled to drive their own careers and development...where our people leaders have the right tools and skills to support their people, and our customers benefit from highly engaged and capable people

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Investment focus

  • Industry: Telecommunications, Optical Communication
  • Stage:Debt Financing
  • Geography: Bangladesh

Investor stats

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

Portfolio highlights

  • Banglalink — Banglalink is a provider of telecommunication and internet broadband services.
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GFR Fund
VC Fund · San Francisco, California, United States · 1 investments in Bangladesh Hardware startups

GFR Fund is a San Francisco-based venture capital fund that invests in early-stage startups that are disrupting the consumer entertainment industry. GFR Fund is managed by GREE VR Capital, an affiliate of GREE Inc., a global leader in the mobile gaming industry.With over a decade of experience driving innovators in multi-platform entertainment,we see emerging technologies such as VR, AR, AI, Video Streaming and Blockchain as powerful tools that will propel the entertainment industry into a new generation of consumable content. We are looking for talented entrepreneurs who share our passion and values to help realize their vision and expand their businesses globally.

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Investment focus

  • Industry: Software, Gaming, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Australia

Investor stats

  • Total investments: 89
  • Round size: Seed $1.4M–$7.5M; Pre-Seed $700k–$4M; Series A $7M–$20M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $20M in 2019

Portfolio highlights

  • GEEIQ — GEEIQ is the intelligence platform brands use to plan, activate and measure marketing in virtual worlds like Roblox, Fortnite and ZEPETO.
  • CityLegends — A home for urban sports & culture partners of CityLegends. Making the lines.
  • Qloud Games — Qloud Games is an independent game studio developing Loftia.
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Hardware VC funding in Bangladesh at a glance

Stats across 26 deals from 46 investors.

46
investors
in Bangladesh Hardware startups
26
deals
in Bangladesh Hardware startups
$1.1M
median round
in Bangladesh Hardware startups
24%
lead investors
lead at least one round
35%
Seed
most common funding stage

Access all 46 VC funds in Bangladesh Hardware startups.

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