Top 5 Media (Entertainment) Startup Investors in Sri Lanka (October 2026)

The Digital Innovation Fund is focused on providing venture capital for Sri Lankan based digital start-ups. Backed by Dialog Axiata PLC, Sri Lanka’s largest telco and managed by BOV Capital, a Sri Lankan venture capital fund.

Investment focus

Industry: Medical, Insurance, Consulting
Stage:Series A, Seed
Geography: Sri Lanka

Investor stats

Total investments: 4
Round size: Series A $317k–$1M
Lead/follow: 50% lead, 50% follow

Portfolio highlights

Roar Media — Unlock your content potential with Roar Media. We specialize in creating platform-specific content for global brands and agencies at scale.
Digital Health — Channel Doctors in a flash with Doc990 by simply dialing 990, Visiting https://t.co/iofXI1PUP3 or using Doc990 Mobile App.
InsureMe Insurance Brokers — InsureMe offers motor vehicle full insurance, third-party insurance, travel insurance, life insurance, per-day motor vehicle insurance, and global health insurance services. The company is deployed in the insurance and banking sectors to facilitate focused customer interaction, providing convenience and saving precious time.

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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: 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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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.

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 — Innovation made easy for everyone. Magicbit is a tiny computer powered by ESP32, you can program to create different innovations more easily and conveniently.
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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Seedstars World is an exclusive worldwide competition to discover the best startups in emerging and fast growing economies. The competition takes place annually, from April until December, in more than 50 cities around the world. Startups in the field of technology, web or mobile can apply and they must have been founded for no more than 2years, with a maximum amount of 0.5 million USD to date and a Minimum Viable Product (MVP). After a tough selection process and local pitching events in their respective cities, only one startup per country will participate in the final event held in February 2016 in Geneva, Switzerland. The winners will receive different prizes such as coaching and mentoring from partners and well-known entrepreneurs, equity investments, entry into acceleration programs, advertising and hosting services.

Investment focus

Industry: Health Care, Mobile, Content
Stage:Seed, Grant, Series A
Geography: Tanzania, Sri Lanka, South Africa

Investor stats

Total investments: 5
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Jamii Africa — Jamii Africa is mobile micro-health insurance for the informal sector. They built a mobile policy management platform that performs 99% of insurance administration activities and formed strategic partnerships with an Insurer/ Jubilee Insurance and a Telecom/ Vodacom Tanzania to enable a cashless facility and utilise the mobile moneyplatforms for premium collection and benefit payouts. Their platform manages the benefit ledger and is integrated to mobile money and insurer systems.Enabling us to cut down administration costs by 99% which results to cheaper premiums affordable to their target market.
Elephant Healthcare — Elephant is a global health technology company working across Africa and South Asia. We partner with governments to transform quality of care using technology.
Influx Solutions — Influx Solutions: Gen AI-powered content creation platform offering tools for generating high-quality text, images, and videos effortlessly

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