# Digital Innovation Fund

> Digital Innovation Fund is a VC fund backing Insurance, Digital Media and Life Insurance. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 2
- Last investment: Dec 2018
- Lead investor: 100%
- Last updated: Aug 2026
- Website: http://dif.lk/

Digital Innovation Fund is a VC fund focused on Insurance and Digital Media. 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.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $256k–$1M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Insurance | 1 | 50% |
| Digital Media | 1 | 50% |
| Life Insurance | 1 | 50% |
| Health Insurance | 1 | 50% |
| Property Insurance | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Roar Media | Roar Media is a digital platform producing original journalism and informative content for a South Asian audience. We currently publish in English, Sinhalese, Tamil and Bengali, creating content that informs, inspires and entertains. We break complex issues down through our articles, videos, interviews and photo essays — creating an intellectualsmorgasbord for our readers. | $1M | Series A | Dec 16, 2018 |  |
| 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. | $256K | Series A | Apr 02, 2018 |  |

2 of 2 investments shown.

## Co-investors
- [BOV Capital](https://shizune.co/investors/profile/bov-capital) — VC Fund, 2 deals together
- [Hyperion Ventures](https://shizune.co/investors/profile/hyperion-ventures) — VC Fund, 1 deal together
- [Striders](https://shizune.co/investors/profile/striders) — VC Fund, 1 deal together

## Similar investors

### Similar industry
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### Similar stage
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### Similar country
- [BOV Capital](https://shizune.co/investors/profile/bov-capital) — VC Fund
- [Lankan Angel Network (LAN)](https://shizune.co/investors/profile/lankan-angel-network-lan) — VC Fund
- [Startup Grind](https://shizune.co/investors/profile/startup-grind) — VC Fund

## Featured in investor lists
- [All Investors in Sri Lanka](https://shizune.co/investors/investors-sri-lanka)
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- [Media (entertainment) Investors in Sri Lanka](https://shizune.co/investors/media-entertainment-investors-sri-lanka)

## FAQ

### What does Digital Innovation Fund invest in?

Digital Innovation Fund invests primarily in Insurance, Digital Media and Life Insurance startups, most often at Series A stage. Most of the 2 investments tracked by Shizune back companies in Sri Lanka. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Digital Innovation Fund's check size?

Digital Innovation Fund typically joins rounds of $256k–$1M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Digital Innovation Fund participates in.

### When did Digital Innovation Fund last invest?

The most recent investment recorded for Digital Innovation Fund closed in Dec 2018. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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