We are a US$15 Million Venture Capital fund that will invest in Sri Lankan based digital companies
We like to work with founders who are building Sri Lankan digital companies that solve problems impacting big markets. We will take a risk on emerging business models before they become mainstream.
We will help you in all stages of your business growth.
Digital Innovation Fund is more than just a fund. It will provide unparalleled support for start-ups,
leveraging BOV Capital’s expertise, platforms, marketing, infrastructure, and customer base.
We have backed some amazing founders and companies
Check our portfolio
We are looking to invest in Fintech, Edu Tech, Digital Health, Logistics, Ad Tech and various other digital sectors
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. Learn more about us.
Chief Portfolio Officer
Srinivas serves as Chief Portfolio Officer at Axiata Digital where he runs all M&A, portfolio operations and investments for Axiata portfolio of companies in digital advertising, digital financial services and platforms. He also serves on investment committee for Axiata Digital Innovation Funds in the region. Before joining Axiata, Srinivas was a Founding Director of PayZazz in 2011, and also previously served in senior roles at ARM in the UK and Motorola in China.
Non Executive Chairman
Rajan Anandan is an active investor in early stage technology companies in India, Sri Lanka and the US. Rajan brings a deep understanding of technology, a track record of investing in many sectors across technology, first hand experience working closely with founding teams of startups and leading and growing several large technology businesses in US and India.
Rajan has held senior leadership roles at several global technology companies. Most recently, he was the Vice President of Google in India and SouthEast Asia (2011 to 2019). In this role Rajan was responsible for Google’s operations in a region with 850million internet users and several billion dollars of revenue. Prior to Google, Rajan was with Microsoft and Dell and was also a Partner with McKinsey&Co in Chicago.
Dialog Axiata PLC
Supun Weerasinghe is the Group Chief Executive and a Member of the Board of Dialog Axiata PLC. He has been with Dialog Axiata since 1999 and held multiple roles, such as Head of Strategy and CEO of Mobile Business before being appointed as Group Chief Operating Officer of Dialog Axiata in 2010.
In 2013, he was seconded to Axiata Group Berhad, in Malaysia as its Group Chief Strategy Officer. At Axiata, he also served as the Head of Network Transformation Strategic Business Unit under which he led Group Technology, Carrier Collaboration and the Axiata Intelligence Unit. From January 2014 to October 2016, Mr. Weerasinghe functioned as the CEO and Managing Director of Robi Axiata Limited in Bangladesh, the second largest mobile network provider in Bangladesh with 33 million subscribers.
Prajeeth is serial entrepreneur and an active investor in early stage companies in Sri Lanka. He is the founder of Lankan Angel Network (LAN) which is Sri Lanka’s First Alliance of Angel Investors. He has been instrumental in creating the start-up ecosystem in Sri Lanka including launching the Venture Engine program in Sri Lanka. Prajeeth engages deeply with investee companies in all areas of company building including forging international partnerships, building teams, sales and marketing and follow-on fund raising.
Prior to his entrepreneurial experience in Sri Lanka, Prajeeth spent many years leading established businesses in UK, Japan and Australia. He has worked for renowned global corporations such as Federal Mogul and United Technologies Corp.
If you are an entrepreneur with the talent to build an exceptional company,
please tell us about yourself, your team and your business.
We look for start-ups that are in the digital space. They may include companies in the following areas but not limited to: Payments, Security, Mobile, Social Media, new media, E-commerce, Marketplace, Marketing and advertising, Gaming, Cloud, Enterprise software, Health, Internet of Things, and Insurance.
The startup teams should have some, if not all, of its operations in Sri Lanka. We are not able to invest in hardware companies.