Lankan Angel Network (LAN)

What Lankan Angel Network (LAN) does

Lankan Angel Network (LAN) is Sri Lanka's largest private network of angel investors, founded in 2012 and headquartered in Colombo. It operates as a community-led intermediary connecting 75+ rolling angel investor members with early-stage Sri Lankan entrepreneurs, providing seed capital, mentorship, and market access. The organization's core product is the network itself, supplemented by the Angel Fund — Sri Lanka's first dedicated angel fund, launched in March 2020 as a Rs. 100 million vehicle backed by 100 Limited Partners each contributing Rs. 1 million. The Angel Fund has cumulatively deployed Rs. 150 million into four home-grown startups (Niftron, Magicbit, Mintpay, Chakra Suthra), and Fund II was publicly introduced in February 2025 following full deployment of Fund I.

LAN organizes its investment activity across ten sector clusters — Technology, Healthcare, Education, Agriculture, Tourism, Engineering, Retail, Energy, and FinTech — and has supported 20+ companies since inception, with cumulative network investment exceeding Rs. 2 billion. The revenue model is two-pronged: equity returns from deal-by-deal angel investments and Angel Fund management (management fees plus potential carried interest on exits). Membership in the Global Business Angels Network (GBAN), a Ford Foundation ecosystem development grant (USD 300,000 in 2020), and partnerships with Hatch, SLDF, and Venture Engine extend the network's deal-sourcing and ecosystem orchestration capabilities. Leadership rotates annually; Adil Mansoor was announced as Chairman in 2025, succeeding Prajeeth Balasubramaniam (2023/2024) and Chandi Dharmaratne (2021/2022).

Name

Lankan Angel Network (LAN)

Legal name

Lankan Angel (Pvt) Ltd.

Website

https://lankanangelnetwork.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Lankan Angel Network (LAN) is Sri Lanka's largest private angel investor network, founded in 2012 and based in Colombo. It connects 75+ rolling investor members with early-stage startups through direct deals, a Rs. 100 million Angel Fund, and mentorship across ten sector clusters.

Ownership category

akta.pro rank

Product category

Angel Investing / Venture Capital Services

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Angel investor network
• Seed stage funding
• Early-stage venture capital
• Startup mentorship programs
• Private investment network

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Angel Investment Returns: Returns generated through equity investments in early-stage startups. LAN members invest capital in exchange for equity stakes in portfolio companies.
2. Angel Fund Management: The Angel Fund, backed by 100 Sri Lankan professionals and entrepreneurs, operates as a Rs. 100 million fund. Revenue likely derived from management fees and carried interest on successful exits.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Lankan Angel Network operates a private membership-based angel investor network that channels equity capital, mentorship, and ecosystem support to early-stage Sri Lankan startups. Through its rolling 75+ investor base and dedicated Angel Fund (Rs. 100 million), LAN underwrites seed-stage deals across 10 sector clusters while providing portfolio companies with knowledge transfer, market access, and exit guidance.

Product overview

Lankan Angel Network (LAN) operates as Sri Lanka's largest network of angel investors offering two core products: the Lanka Angel Network itself (a private network connecting 75+ rolling members of angel investors with entrepreneurs) and the Angel Fund (Sri Lanka's first angel fund, a Rs. 100 million fund established in 2020 for early-stage startups). The organization also manages 10 investment sector clusters covering Technology, Healthcare, Education, Agriculture, Tourism, Engineering, Retail, Energy, and FinTech. Portfolio companies span ed-tech, blockchain, fintech, e-commerce, and circular economy solutions. The network has invested over LKR 700 million and supported 20+ companies through finance and knowledge since 2012.

Differentiator

Problem solved

Functional benefit

Brands

• Angel Fund: Sri Lanka's first angel fund dedicated for early-stage startups, established in 2020 with Rs. 100 million in capital backed by 100 Sri Lankan professionals and entrepreneurs. The fund invests in 8-10 startups and supports 25-50 with mentoring and guidance.

Products and services

• Lankan Angel Network (LAN) Private membership-based network of 75+ angel investors connecting Sri Lankan entrepreneurs with seed capital, mentorship, and ecosystem support across 10 sector clusters. Members gain access to curated deal flow, collective due diligence, and peer networking opportunities.
• Angel Fund Sri Lanka's first dedicated angel fund, a Rs. 100 million pool investing in 8-10 early-stage startups and providing mentoring support to 25-50 additional ventures, backed by 100 Limited Partners and operated alongside the LAN network.

Quantifiable outcome

• Over Rs. 2 billion invested in Sri Lankan startups since 2012
• +2 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered flagship, core and minor.

• Sri Lanka Design Festival (SLDF)flagshipStrategic or Co-development Partner · 24 November 2024LAN partnered with SLDF 2024 to host 'Creative Entrepreneurs for Social Change' competition, spotlighting innovative ideas using creativity to drive social impact. Event held at Cinnamon Life with pitches from top finalists.
• HatchflagshipStrategic or Co-development Partner · 30 September 2024Partnership with Hatch and Ford Foundation to host Sri Lankan rounds of She Loves Tech - a global startup competition empowering women in tech. Mentorship, funding opportunities, and platform for female-led startups.
• StartupX FoundrycoreStrategic or Co-development Partner · 16 November 2021LAN partnered with StartupX Foundry to launch 'Vyawasayakayanta Athwelak' - a knowledge sharing platform bridging entrepreneurial knowledge gaps in underserved communities and encouraging rural entrepreneurship.
• Global Business Angels Network (GBAN)coreStrategic or Co-development Partner · 29 July 2021LAN joined GBAN, an inclusive global community of early-stage investor networks, enabling promotion of Sri Lankan startups globally.
• Entrepreneurship World Cup (EWC)coreStrategic or Co-development Partner · 15 June 2021LAN and GBAN partnership to promote Sri Lankan startups globally via Entrepreneurship World Cup competition.
• AOD International Design CampusminorStrategic or Co-development Partner · 6 April 2021LAN and Ford Foundation collaboration supporting AOD's Young Creative Entrepreneurs through Design for Sustainable Development (DFSD) program.
• HatchX (Fintech Accelerator)coreStrategic or Co-development Partner · 23 April 2020HatchX is Sri Lanka's first fintech accelerator program, launched virtually. LAN supports the ecosystem development aspect of this initiative targeting fintech startups.
• ICTA (Information and Communication Technology Agency of Sri Lanka)minorStrategic or Co-development PartnerGovernment technology agency partnership for ecosystem development.
• SLASSCOMminorStrategic or Co-development PartnerSri Lanka Association of Software and Services Companies partnership for technology ecosystem development.
• Venture EnginecoreStrategic or Co-development PartnerSri Lanka's foremost startup funding platform and pioneer in the local startup sector since 2012. Venture Engine spotlights startups through its Finale competition events.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Indian Angel Network (IAN): India's largest angel investor network with 500+ members across chapters and a structured fund platform. Direct comparable in model — both operate curated angel networks with formal screening, syndicated investing, and sector-focused deal flow in South Asia.
• Angel Investment Network: Global online platform connecting angel investors with startups across multiple geographies. Comparable to LAN's function as an intermediary sourcing deal flow and facilitating connections between early-stage founders and accredited investors.
• Mumbai Angels: One of India's oldest angel networks with a curated membership model and dedicated fund vehicle. Comparable to LAN in operating a private member network providing curated deal flow, mentorship, and pooled investment vehicles for early-stage startups.
• LetsVenture: India's largest online angel and seed investing platform, syndicating deals between startup founders and a curated investor base. Comparable to LAN's role in connecting Sri Lankan founders with angel investors and operating a structured fund platform (Angel Fund).
• Hyderabad Angels: India-based angel network with a structured screening process and sector-focused investment thesis. Closely comparable to LAN's model of organized investor nights, curated deal flow, and supporting early-stage ventures with both capital and mentorship.
• Keiretsu Forum: Global angel network with 50+ chapters across North America, Europe, and Asia. Operates a syndicated angel investing model similar to LAN, with chapter-based communities, formal screening, and a global investor footprint for cross-border deal flow.

Broad incumbents

• AngelList: US-based platform for startups and angel investors, offering deal syndication, rolling funds, and talent matching globally. Comparable to LAN's network role but at much greater scale and with platform/technology infrastructure rather than pure offline networking.
• 500 Global (500 Startups): US-headquartered VC firm with active emerging-market accelerator programs across South and Southeast Asia. Comparable in deploying early-stage capital into Sri Lankan and South Asian startups, but at significantly larger fund sizes and broader geographic scope.

Regional players

• Hatch (Sri Lanka): Sri Lanka's first fintech accelerator and LAN partner. Operates HatchX fintech accelerator and co-hosts She Loves Tech Sri Lanka rounds with LAN; complementary in the ecosystem, focused on a specific vertical (fintech) versus LAN's broad sector coverage.
• Venture Engine: Sri Lanka's foremost startup funding platform and a flagship LAN partner since 2012. Operates the local startup showcase competition that funnels deal flow to LAN; comparable in being an ecosystem catalyst focused on Sri Lankan early-stage funding.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Lankanangelnetwork
• LinkedInlinkedin.com/company/lankanangelnetwork
• Instagraminstagram.com/lankanangelnetwork

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments23 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lankan Angel Network (LAN)