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Top 5 Hardware VC Funds & Investors in Sri Lanka (August 2026)

The most active venture capital funds 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 Seed, Series A or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
BOV Capital
VC Fund
4 Sri Lanka, India, Switzerland Seed, Series A E-Commerce, Retail, Internet $20k–$6.2M
Lankan Angel Network (LAN)
VC Fund
2 Sri Lanka Seed, Series A, Angel Internet, E-Commerce, Electronics $20k–$616k
Singapore Angel Network
VC Fund
1 India, United States, Singapore Seed, Angel, Series A E-Commerce, Health Care, Software $100k–$4M
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
Access all 16 VC funds in Sri Lanka Hardware startups.

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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
  • Geography: Sri Lanka, India, Switzerland

Investor stats

  • Total investments: 20
  • Round size: Seed $20k–$50k; Series A $256k–$6.2M
  • 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, Electronics
  • Stage:Seed, Series A, Angel
  • Geography: Sri Lanka

Investor stats

  • Total investments: 8
  • Round size: Seed $20k–$252k; Series A $150k–$616k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Mintpay — With Mintpay you can Shop Better, both online & in-store and Pay Better with features like, BNPL & Instant Cashback Rewards at 2,500+ partner brands in Sri Lanka.
  • Magicbit — Innovation made easy for everyone. Magicbit is a tiny computer powered by ESP32, you can program to create different innovations more easily and conveniently.
  • Rebuild — Rebuild creates visually beautiful websites through AI automation while increasing speed, efficiency, and clever design solutions.
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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, Software
  • Stage:Seed, Angel, Series A
  • Geography: India, United States, Singapore

Investor stats

  • Total investments: 91
  • Round size: Seed $250k–$3M; Angel $100k–$700k; 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.
  • 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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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 — MatBook is a technology-driven company focused on transforming the cross-border procurement of building materials, primarily serving the construction industry. MatBook offers a one-stop material procurement platform that enables users—such as contractors and real estate developers—to browse a wide variety of building products, request samples,obtain estimates, and place orders directly through the platform
  • 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: 40
  • 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.
Show all investments...

Hardware VC funding in Sri Lanka at a glance

Stats across 22 deals from 16 investors.

16
investors
in Sri Lanka Hardware startups
22
deals
in Sri Lanka Hardware startups
$135k
median round
in Sri Lanka Hardware startups
13%
lead investors
lead at least one round
41%
Series A
most common funding stage

Access all 16 VC funds in Sri Lanka Hardware startups.

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