Colombo, Sri Lanka - The Global Business Angels Network (GBAN) announced today that the Lankan Angel Network is the newest organization to join its inclusive global community of early-stage investor networks.
GBAN, part of the Global Entrepreneurship Network, has more than 80 members that meet regularly to share mentorship, training and support to improve investor capacity, amplify the angel voice on regulatory issues, facilitate cross-border investing and remove policy barriers faced by investors.
“As economies recover from the pandemic, a collaborative global approach is needed to ensure entrepreneurs – who are leading the charge when it comes to regenerating jobs – have access to the right capital at the right time,” said Jonathan Ortmans, president of the Global Entrepreneurship Network and board director at GBAN. “We are thrilled that the Lankan Angel Network is committed to joining us in this work.”
The Lankan Angel Network is the largest network of its kind in Sri Lanka and is focused on pre-seed and seed stage funding. Founded in 2012, it is backed by an investor base of more than 75 members with over LKR 700 million invested in local startups.
“Sri Lanka's startup ecosystem is still at a very early stage of development,” said Prajeeth Balasubramaniam, founder and board director at Lankan Angel Network. “Over the last 10 years we have seen a step-change increase in innovation and entrepreneurship. This transformation cut across sectors and led to the creation of hundreds of new companies, millions of jobs and brought in significant new investment into the economy.”
“Joining GBAN will help us to expand our network. We look forward to getting exposure to other countries and to being able to look at various new partnerships.”
The GBAN annual meeting will be held November 14-17 at the Global Entrepreneurship Congress (GEC). GEC 2021 is anticipated to be one of the first live global gatherings of entrepreneurs, investors, researchers, policymakers and other startup champions since the onset of the pandemic. GBAN delegates will examine the new global landscape through an investor lens.
GBAN is led by a global board of directors with members based in Africa, North America, Asia and Europe. For more information on the Global Business Angels Network, visit gban.co.
About the Global Entrepreneurship Network
The Global Entrepreneurship Network operates projects and programs in 180 countries to make it easier for anyone, anywhere to start and scale a business. By fostering deeper cross-border collaboration and initiatives between entrepreneurs, investors, researchers, policymakers and entrepreneurial support organizations, GEN works to fuel healthier start and scale ecosystems that create more jobs, educate individuals, accelerate innovation and strengthen economic growth. For more information, visit www.genglobal.org.