As Sri Lanka’s start-up ecosystem continues to evolve, the Lankan Angel Network (LAN) remains at the forefront, fostering innovation, investment, and collaboration. Since its inception in 2012, LAN has played a pivotal role in empowering local entrepreneurs, facilitating the growth of over 50 start-ups with investments exceeding Rs. 2 billion. By providing not just financial backing but also mentorship and strategic guidance, LAN has become a cornerstone of Sri Lanka’s entrepreneurial landscape.
Building on this strong foundation, LAN is now looking ahead to 2025 with renewed energy and ambition. With a growing network of over 100 angel investors, LAN is committed to strengthening the start-up ecosystem by bridging gaps in funding, expertise, and market access. This mission was underscored at LAN’s highly anticipated 2025 kick-off event, a gathering designed to inspire, connect, and lay the groundwork for an impactful year ahead.
The event, held at Monsoon, was a vibrant assembly of current and new LAN investors, portfolio companies, fundraising start-ups, key ecosystem partners, and LAN’s distinguished patron members. Among the notable attendees were Western Province Governor Hanif Yusoof and Principal Presidential Adviser on Digital Economy Dr. Hans Wijayasuriya, both of whom bring significant expertise to Sri Lanka’s business and digital transformation landscape.
The evening provided a unique platform for seasoned investors and emerging entrepreneurs to connect, exchange ideas, and explore opportunities for collaboration. A highlight of the event was a keynote address by Governor Yusoof, who shared his perspective on investment philosophy. He emphasized that the essence of successful investing lies in backing passionate founders, stating, “We invest in people and not companies.” His insights deeply resonated with attendees, reinforcing LAN’s commitment to supporting visionary entrepreneurs who are shaping the future.
A key announcement of the evening was the appointment of PromoLanka Holdings CEO Adil Mansoor as the new Chairman of the Board for 2025. He will lead LAN alongside an experienced Board of Directors, including Prajeeth Balasubramaniam, Dumindra Ratnayaka, Jeevan Gnanam, Anum Iqbal, and two newly inducted members—Hemas Consumer Brands Managing Director Sabrina Esufally and Capital Alliance Partners Ltd. CEO Nishok Goonasekera.
With the successful deployment of Fund I, which invested Rs. 100 million into six start-ups with participation from 100 investors, LAN announced its ambitious plans for Fund II. This next phase aims to create a larger investment pool, further strengthening Sri Lanka’s start-up ecosystem and ensuring that high-potential businesses receive the resources needed to thrive.
LAN CEO Dinali de Silva concluded the event by emphasizing the critical role of angel investing as the foundation of the start-up ecosystem. She reaffirmed LAN’s commitment to supporting promising start-ups as they scale and compete in an increasingly dynamic market.
LAN extended its gratitude to HNB for their support and to Monsoon Restaurant for hosting an exceptional evening. As LAN embarks on another promising year, the success of this event sets the stage for greater collaboration, larger investments, and a renewed commitment to fostering Sri Lanka’s next generation of entrepreneurs.
