SriLanka, Oct. 21 -- Hatch, Lankan Angel Network (LAN) and BOV Capital have launched HLAB, a collective Rs. 3 billion fund designed to back early and growth stage regional companies that are incorporated in Sri Lanka.

Announced at the final event of First Capital Startup Nation, organised by Hatch, the initiative brings together three established participants in the country's startup ecosystem around a shared ambition: expanding access to capital for businesses seeking to grow.

Adding institutional participation to the initiative, First Capital Holdings PLC has committed Rs. 300 million as the fund's anchor limited partner, representing 10 percent of its total size.

The transition from an early stage venture to a sustainable, growing ...