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Innovators, Investors gather at IGNITE 2023 to shape the future of #AInnovation
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IGNITE 2023: Innovate to elevate igniting the future of AInnovation now
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Sri Lanka s Niftron raises Rs 21 million capital from LAN s Angel Fund – The Island
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Sri Lanka’s Niftron Raises Rs. 21 Million Capital from LAN’s Angel Fund
April, 20, 2021
The Angel Fund has announced a Rs. 10 million investment in Niftron, a blockchain-as-a-service (BaaS) platform that aims to make blockchain simpler and more affordable for businesses at all levels and industries. The Angel Fund was established by the Lanka Angel Network (LAN) with the support of ecosystem development partner Ford Foundation and aims to catalyze the growth of Sri Lanka’s startup ecosystem.
Niftron is one of the first investments made by the Angel Fund since its launch last year. Additionally, Niftron has raised a further Rs. 11 million from Angel Fund investors based out of Singapore, Sri Lanka, UK and USA.