Top 15 Venture Capital Firms in Bangladesh for Startups 2025
Bangladesh’s startup ecosystem has matured steadily over the past few years. With over 1,000 active startups and around 200 new ones launching annually, the country is producing founders who are attracting serious capital.
According to Lightcastle Partners’ 2023 report, venture capitalists deployed USD 72 million across 45 deals into Bangladeshi startups, a signal that global investors are paying close attention to what’s being built here.
If you’re a Bangladeshi founder or SME owner looking to raise your first round or scale an existing venture, understanding who the active investors are is half the battle. We’ve put together this list of the top 15 venture capital firms in Bangladesh to give you a head start.
List of Top 15 Venture Capital Firms in Bangladesh for Startups
Before diving into the details of each firm, here’s a quick comparison of all 15 venture capital firms in Bangladesh. Use this to shortlist the ones that match your startup’s stage and funding needs.
| VC Firm | Founded | Fund Size | Investment Stage | No. of Investments |
| Startup Bangladesh | 2020 | $5M | Pre-Seed, Seed, Series A–C | 40 |
| Bangladesh Venture Capital | 2013 | BDT 2.5 Cr | Pre-Seed, Seed, Angel, IPO | 17 |
| SKB Tech Venture | 2019 | $7.1M | Seed, Series A | 43 |
| BD Venture | 2012 | BDT 500M | Seed, Series A–B | 13 |
| Anchorless Bangladesh | 2019 | $20M | Pre-Seed, Seed | 9 |
| Bangladesh Angels | 2018 | $1M | Seed | 31 |
| RC Ventures | 2017 | $210.2B* | Seed, Early Stage, Post-IPO | 9 |
| DIVC | 2021 | $7M | Seed, Early Stage | 5 |
| Pegasus Tech Ventures | 2011 | $851.8M | Seed, Series A–C, IPO | 335 |
| Razor Capital | 2015 | $1B | Seed, Series A–C | 18 |
| lIDLC Venture Capital | 2020 | BDT 450M | Seed, Series A | 7 |
| lMaslin Capital | 2016 | BDT 100M | Seed, Series A | 2 |
| Flagship Ventures | 2021 | $175M | Seed, Series A | 2 |
| BOD Tech Ventures | 2016 | $500M | Seed, Series A | 24 |
| Turtle Venture Studio | 2022 | $2M | Seed, Series A | 7 |
1. Startup Bangladesh
Startup Bangladesh is the government-backed venture capital arm of Bangladesh’s ICT Ministry. It funds tech startups across seed and growth stages through equity, convertible debt, and grants. If you’re building something in fintech, healthtech, agritech, or deep tech, this is one of the first names worth knowing on your fundraising list.
Details of Startup Bangladesh
Foundation Year: 2020
Countries of Operation:
- Bangladesh
Number of Investments: 40
Lead Investments: 19
Number of Exits: 1
Funds raised: $5M
Focus of Startup Bangladesh
Stage
- Pre-Seed
- Seed
- Series A
- Series B
- Series C
Industries
- Fintech
- Financial Services
- Health Tech
- Healthcare
- Enterprise Solutions
- Software
- Entertainment
- Lifestyle
- E-commerce
- Retail
- Frontier Technology
- Core Technologies
- Artificial Intelligence
- Deep Tech
- EdTech
- Education
- Food
- Agri-tech
- Agriculture
- Internet of Things
- Logistics
- Emerging Technology-related Services
- Mobility Sectors
Investment size
Minimum check size: $50,000
Maximum check size: $300,000
Notable Investments
1. Pulse Tech
URL: pulsetechltd.com
Funding Rounds: 1
Total Funding: BDT 10M
2. OpenRefactory
URL: openrefactory.com
Funding Rounds: 3
Total Funding: $319.7K
3. AmarLab
URL: amarlab.com
Funding Rounds: 2
Total Funding: $295.7K
Contact
Website: www.startupbangladesh.vc
Email: info@startupbangladeshvc.gov.bd
Phone: +880255006433
2. Bangladesh Venture Capital
Founded in 2013, Bangladesh Venture Capital is one of the oldest active VC firms in the country. It focuses on high-growth businesses that need more than just capital, from early angel rounds to IPO-stage financing. Its portfolio spans IT, fintech, agritech, and AI, with a mission to build a sustainable entrepreneurial ecosystem in Bangladesh.
Details of Bangladesh Venture Capital
Foundation Year: 2013
Countries of Operation
- Bangladesh
Number of Investments: 17
Lead investments: 4
Number of Exits: 9
Funds raised: BDT 2.5 crore
Focus of Bangladesh Venture Capital
Stage
- Pre-Seed Investment
- Seed Fund Investment
- Venture Capital Financing
- Angel Investment
- Stock Market/IPO
Industries
- IT and ITES
- Fintech, AI, and Machine Learning
- Augmented Reality and Virtual reality
- Blockchain, Big Data, and Data Analysis
- Agritech, Biotech, and Food processing
- Health and Edutech
Investment size
Minimum check size: BDT 2.5 million
Maximum check size: BDT 30 million
Notable Investments
1. Chaldal Bangladesh
URL: chaldal.com
Funding Rounds: 9
Total Funding: $30.3M
2. TYLO
URL: tylo.com.bd
Funding Rounds: 1
Total Funding: BDT4M
3. Ayykori Digital Ltd
URL: ayykori.net
Funding Rounds: 2
Total Funding: $510K
Contact
Website: www.venture.com.bd
Email: info@venture.com.bd
Phone: +88 01847334772
3. SBK Tech Ventures
SBK Tech Ventures is a women-owned, early-stage tech fund with roots in both Bangladesh and Singapore. What sets it apart is its Silicon Valley and European network, giving portfolio companies access to global talent and international market connections that most local funds simply can’t offer. It backs startups solving real societal problems across fintech, health, education, and e-commerce.
Details of SBK Tech Ventures
Foundation Year: 2019
Countries of Operation:
- Bangladesh,
- Singapore
Number of Investments: 43
Lead Investment: 4
Number of Exits: 4
Funds raised: $7.1M
Focus of SBK Tech Ventures
Stage
- Early Stage Startup
- Seed
- Series A
Industries
- Fintech
- Legal,
- Agriculture
- Health & Wellness,
- Education,
- E-Commerce,
- Entertainment
Investment size
Minimum check size: $1 million
Notable Investments
1. Arogga
URL: arogga.com
Funding Rounds: 4
Total Funding: $6.8M
2. Jatri
URL: jatri.co
Funding Rounds: 6
Total Funding: $1,2 M
3. Shajgoj
URL: shop.shajgoj.com
Funding Rounds: 3
Total Funding: $2.3 M
Contact:
Website: https://sbktechventures.com/
Email: contact@sbktechventures.com
Address: Bay’s 23, Plot 6, Level 10, Block SW (1), Gulshan Avenue, Gulshan 1, Dhaka-1212, Bangladesh
4. BD Venture
BD Venture has been backing Bangladeshi entrepreneurs since 2012, making it one of the longest-running VC firms in the country. It operates across Bangladesh and the US, with a focus on tech-driven businesses in fintech, e-commerce logistics, healthtech, and agritech. Beyond capital, it works closely with founders to help them build the right team structure and scale systematically.
Details of BD Venture
Foundation Year: 2012
Countries of Operation:
- Bangladesh
- United States
Number of Investments: 13
Lead Investments: 7
Number of Exits: 3
Funds raised: BDT 500 million
Focus of BD Venture
Stage
- Early Stage Startup
- Seed
- Series A
- Series B
Industries
- E-commerce logistics
- Fintech, AI, and machine learning
- Big data and data analysis
- Augmented reality and virtual reality
- Agritech,
- Biotech
- Food processing
- Consumer,
- Life Sciences
- HealthTech
- Biopharma
Investment size
Minimum check size: BDT 1 M
Notable Investments
1. Zantrik
URL: zantrik.com
Funding Rounds: 4
Total Funding: $338K
2. cWork Microjob Limited
URL: cworkmicrojob.xyz
Funding Rounds: 1
Total Funding: $58.4K
3. Beetles Cyber Security
URL: beetles.io
Funding Rounds: 1
Total Funding: BDT20M
Contact
Website: bdventure.com
Email: info@bdventure.com
Phone: 02-222292682
5. Anchorless Bangladesh
Anchorless Bangladesh is a New York-based fund with a sharp focus on Bangladesh’s most scalable tech opportunities. It looks for companies with clear paths to international expansion and eventual exit, not just local traction. With investments in Pathao, Agroshift, and Alice Labs, it has a strong track record of backing founders who are building for global scale from day one.
Details of Anchorless Bangladesh
Foundation Year: 2019
Countries of Operation:
- Bangladesh
- Unites State
- Singapore
- England
Number of Investments: 9
Lead Investments: 7
Number of Exits: 1
Funds raised: $20 million
Focus of Anchorless Bangladesh
Stage
- Pre-seed
- Seed
- Post seed
Industries
- Food and Agriculture Tech
- Retail
- Transportation and Logistics Tech
- Enterprise Applications
- Consume
Notable Investments
1. Agroshift
URL: agroshift.com
Funding Rounds: 3
Total Funding: $1.8M
2. Alice Labs
URL: myalice.ai
Funding Rounds: 2
Total Funding: $500K
3. Pathao
URL: pathao.com
Funding Rounds: 9
Total Funding: $26.8M
Contact
Website: www.anchorless.vc
Email: hello@anchorless.vc
6. Bangladesh Angels
Bangladesh Angels is the country’s first angel investing platform, built to close the early-stage financing gap that many Bangladeshi startups run into before they’re ready for institutional VC. It brings together individual, corporate, and global investors under one network, offering not just funding but mentorship and strategic connections across all major sectors.
Details of Bangladesh Angels
Foundation Year: 2018
Countries of Operation:
- Bangladesh
Number of Investments: 31
Lead Investments: 4
Number of Exits: 5
Funds raised: $1M
Focus of Bangladesh Angels
Stage
- Early Stage Startup
- Seed
Industries
- Technology,
- Healthcare,
- Education,
- Ag-tech,
- Fintech,
- Gaming,
- Internet,
- Manufacturing,
- Mobile,
- Hospitality,
- Retail sectors
Investment size
Minimum check size: BDT 80 Lakhs
Maximum check size: BDT 5 Crores
Notable Investments
1. Airwork.ai
URL: airwork.ai
Funding Rounds: 4
Total Funding: $216K
2. HypeScout
URL: hypescout.co
Funding Rounds: 2
Total Funding: $330K
3. Shuttle
URL: shuttlebd.com
Funding Rounds: 6
Total Funding: $2.8M
Contact:
Website: bdangels.co
Email: hello@bdangels.co
7. RC Ventures
RC Ventures is an early-stage fund that backs young tech entrepreneurs in high-growth emerging markets, including Bangladesh. Its team combines seasoned investors, entrepreneurs, and corporate advisors who bring real operational experience to the table. Beyond writing checks, RC Ventures actively supports founders with capital, mentorship, and a strong regional network across Bangladesh, the US, and Thailand.
Details of RC Ventures
Foundation Year: 2017
Countries of Operation:
- Bangladesh
- United States
- Thailand
Number of Investments: 9
Lead Investments: 4
Number of Exits: 1
Funds raised: $210.2B
Focus of RC Ventures
Stage
- Debt
- Early Stage Startup
- Seed
- Post IPO
Industries
- Healthcare,
- Information technology,
- Business and financial services,
- Technology,
- Biotech,
- Renewable energy,
- Fintech,
- Real estate,
- E-commerce
Notable Investments
1. Pathao
URL: pathao.com
Funding Rounds: 9
Total Funding: $26.8M
2. Truck Lagbe
URL: trucklagbe.com
Funding Rounds: 5
Total Funding: $10.3M
3. EndingScene
URL: endingscene.com
Funding Rounds: 1
Total Funding: $50K
Contact
Website: rc.ventures
Contact: rc.ventures/contact
8. Dekko ISHO Venture Capital(DIVC)
Launched in 2022 by the Dekko ISHO Group, DIVC is a relatively new but well-resourced player in Bangladesh’s VC landscape. It focuses on seed-stage startups with sustainability-driven ideas, particularly in deep tech, AI, agritech, and fintech. Alongside funding, DIVC provides strategy support, market access, and networking, positioning itself as more than just a capital provider.
Details of DIVC
Foundation Year: 2021
Countries of Operation:
- Bangladesh
Number of Investments: 5
Lead Investments: 3
Number of Exits: 0
Funds raised: $7M
Focus of DIVC
Stage
- Early Stage Startup
- Seed
Industries
- Green and sustainable environmental initiatives,
- Deep technology,
- Artificial intelligence,
- The Internet
- Agritech
- Financial Technology Sectors
Notable Investments:
1. Fashol
URL: fashol.com
Rounds: 2
Total Funding: $1.1M
2. Edutechs
URL: edutechs.app
Rounds: 3
Total Funding: $2.1M
3. Ecovia
URL: ecovialtd.com
Rounds: 1
Total Funding: $1M
Contact
Website: https://di.vc/
Email: info@di.vc
Phone: +8801810020996
9. Pegasus Tech Ventures
Pegasus Tech Ventures is a Silicon Valley-based global VC that has been active in Bangladesh since 2015, when it operated as Fenox Venture Capital. With over 335 investments and $851M in funds raised globally, it brings serious international muscle to the local market. Its VCaaS model connects startups directly with large corporate partners, helping them accelerate distribution and global expansion.
Details of Pegasus Tech Ventures
Foundation Year: 2011
Countries of Operation:
- USA
- Canada
- Bangladesh
- Japan
- Indonesia
- UK
Number of Investments: 335
Lead Investments: 33
Number of Exits: 121
Funds raised: $851.8M
Focus of Pegasus Tech Ventures
Stage
- Early Stage Startup
- Seed
- Series A
- Series B
- Series C
- IPO
Industries
- High Tech
- Enterprise Applications
- Consumer
- FinTech
- Artificial Intelligence – Industry Applications
- Manufacturing,
- Gaming,
- Systems integration,
- Health,
- Pharmaceuticals
Investment size
Minimum check size: $1M
Maximum check size: $4M
Notable Investments
1. AjkerDeal
URL: ajkerdeal.com
Rounds: 2
Total Funding: $90K
2. HandyMama
URL: handymama.co
Rounds: 3
Total Funding: $315K
3. Shohoz
URL: shohoz.com
Rounds: 4
Total Funding: $18.4M
Contact
Website: www.pegasustechventures.com
Email: contact@pegasusventures.com
Phone: +1 408-645-5532
10. Razor Capital
Razor Capital is an emerging markets fund with a strong presence in Bangladesh alongside Lebanon, Indonesia, the Philippines, and Vietnam. It backs early to growth-stage companies in consumer, agritech, gig economy, and media sectors. With a portfolio that includes Chaldal and iFarmer, it has a demonstrated eye for high-potential businesses in Bangladesh’s fast-moving digital economy.
Details of Razor Capital
Foundation Year: 2015
Countries of Operation:
- Lebanon
- Bangladesh
- Indonesia
- Philippines
- Vietnam
Number of Investments: 18
Lead Investments: 4
Number of Exits: 1
Funds raised: $1B
Focus of Razor Capital
Stage
- Early Stage Startup
- Seed
- Series A
- Series B
- Series C
Industries
- Consumer
- Gig Economy
- Food and Agriculture Tech
- Media & Entertainment
- Business Services
Investment size
Minimum check size: $200k
Maximum check size: $2M
Notable Investments
1. iFarmer
URL: ifarmer.asia
Rounds: 8
Total Funding: $3.5M
2. Bongo
URL: bongobd.com
Rounds: 2
Total Funding: $453K
3. Chaldal
URL: chaldal.com
Rounds: 9
Total Funding: $30.3M
Contact
Website: www.razorcap.co
Email: afshin@razorcap.co
Address: House 20, Road 2B, Baridhara J Block, Dhaka, Dhaka 1212, BD
11. IDLC Venture Capital
IDLC Venture Capital is the VC arm of IDLC Finance, one of Bangladesh’s most recognized financial institutions. Registered with the Bangladesh Securities and Exchange Commission, it invests in early-stage tech and tech-enabled companies tackling real challenges in healthcare, agriculture, logistics, AI, and e-commerce. Its institutional backing gives portfolio companies credibility alongside capital.
Details of IDLC Venture Capital
Foundation Year: 2020
Countries of Operation:
- Bangladesh
Number of Investments: 7
Lead Investments: 3
Number of Exits: 0
Funds raised: BDT 450 million
Focus of IDLC Venture Capital
Stage
- Early Stage Startup
- Seed
- Series A
Industries
- Agriculture,
- E-Commerce
- Healthcare
- Logistics
- SaaS
Investment size
Minimum check size: BDT 10M
Maximum check size: BDT 40 million
Notable Investments
1. Barikoi
URL: barikoi.com
Funding Rounds: 5
Total Funding: $470K
2. Arogga
URL: arogga.com
Rounds: 4
Total Funding: $6.8M
3. Pickaboo
URL: pickaboo.com
Rounds: 2
Total Funding: $3M
Contact
Website: www.idlcvc.com
Email: IDLCVCFundI@IDLC.com
12. Maslin Capital
Maslin Capital takes a contrarian approach. It goes looking for opportunity where others see complexity. It provides late-stage venture and early expansion capital for high-growth businesses in Bangladesh, with a focus on sectors like robotics, e-commerce, healthtech, and real estate. It typically seeks meaningful equity stakes and board representation, so it’s best suited for founders comfortable with an active investment partner.
Details of Maslin Capital
Foundation Year: 2016
Countries of Operation:
- Bangladesh
Number of Investments: 2
Lead Investments: 2
Number of Exits: 0
Funds raised: BDT 100 mn
Focus of Maslin Capital
Stage
- Early Stage Startup
- Seed
- Seris A
Industries
- Social,
- Internet & Mobile,
- Education,
- Healthcare,
- Climate & Sustainability,
- Agricultur
Investment size
Minimum check size: BDT 1 Lak
Maximum check size: BDT 5 Lak
Notable Investments
1. E-Desh
URL: e-deshltd.com
Funding Rounds: 2
Total Funding: $235K
2. Socian AI
URL: socian.ai
Funding Rounds: 4
Total Funding: $225.6K
Contact
Website: maslincapital.com
Email: info@maslincapital.com
Phone: +880 2 41021653-55
13. Flagship Ventures
Flagship Ventures is a Dhaka-based fund with a team spread across Bangladesh, Canada, and the US. It focuses on seed and Series A investments in startups working to close the gap between Bangladesh and more developed markets. With Interactive Cares and PriyoShop in its portfolio, it has shown a preference for companies with strong local user bases and clear paths to scale.
Details of Flagship Ventures
Foundation Year: 2021
Countries of Operation:
- Bangladesh
- Canada
- U.S.A
Number of Investments: 2
Lead investments: 2
Number of Exits: 0
Funds raised: $175 million
Focus of Flagship Ventures
Stage
- Early Stage Startup
- Seed
- Series A
Industries
- Education
- E-commerce
- Tech
- Retai
Notable Investments
1. Interactive Cares
URL: interactivecares-courses.com
Funding Rounds: 5
Total Funding: $610K
2. PriyoShop
URL: priyoshopretail.com
Funding Rounds: 8
Total Funding: $4.9M
Contact
Website: flagshipventuresbd.com
Linkedin: https://www.linkedin.com/company/flagship-ventures-bd/
14. BOD Tech Ventures
BOD Tech Ventures is a Southeast Asia-focused fund headquartered in Ho Chi Minh City, Vietnam, with active investments in Bangladesh. It targets digital-first companies in e-commerce, fintech, logistics, and education across emerging markets. For Bangladeshi startups looking to expand regionally, BOD’s cross-border portfolio and network across Vietnam, Myanmar, and Cambodia is a genuine advantage.
Details of BOD Tech Ventures
Foundation Year: 2016
Countries of Operation:
- Vietnam,
- Bangladesh,
- Myanmar
- Cambodia.
Number of Investments: 24
Lead investments: 7
Number of Exits: 5
Funds raised: $500M
Focus of BOD Tech Ventures
Stage
- Early Stage Startup
- Seed
- Series A
Industries
- Logistics,
- Travel,
- Finance,
- Education,
- Micro-retail,
- E-commerce
Notable Investments
1. Kludio
URL: kludioasia.com
Funding Rounds: 3
Total Funding: $680K
2. Clevai
URL: clevai.edu.
Funding Rounds: 3
Total Funding: $6.8M
3. BookMeBus
URL: bookmebus.com
Funding Rounds: 1
Total Funding: $15K
Contact
Website: www.bodtechv.com
15. Turtle Venture Studio
Turtle Venture Studio is less a traditional VC and more a hands-on venture builder. Over a structured six-month program, it works with early-stage startups to achieve market validation, product-market fit, and investment readiness, culminating in a demo day in Singapore. With $125,000 in services and funding on offer, it’s a strong option for pre-seed founders who need more than just a check to get off the ground.
Details of Turtle Venture Studio
Foundation Year: 2022
Countries of Operation:
- Bangladesh
- Singapore
Number of Investments: 7
Lead Investments: 3
Number of Exits: 0
Funds raised: $2 M
Focus of Turtle Venture Studio
Stage
- Early Stage Startup
- Seed
- Series A
Industries
- Fintech
- Insurance
- Digital Platform
- Health
- Agriculture
- Education,
- E-commerce
- Logistics
Investment size
Minimum check size: $50k
Maximum check size: $200k
Notable Investments
1. ShunBoi
URL: shunboi.com
Funding Rounds: 1
Total Funding: $10K
2. Inkam
URL: inkam.app
Funding Rounds: 1
Total Funding: $75K
3. Drutoloan
URL: drutoloan.com
Funding Rounds: 1
Total Funding: $125K
Contact
Website: www.turtleventure.studio
Email: studio@turtleveture.com
Phone: +8801682-154204
Honorable Mentions
In addition to the primary VC list above, several other VC firms are doing excellent work in fostering Bangladesh’s startup landscape. However, due to a lack of reviews on any credible platforms, we were unable to include them in our list. Therefore, we have mentioned these companies in our honorable mentions.
Akij Venture Group, Grameen Capital Management, Greenland Group, and Be Yourself Ventures Ltd – are well-regarded for supporting early-stage startups, providing both funding and mentorship as these VCs are sister concerns of well-known and big companies like Akij Group, IDS Group, etc.
With 10 to 15 years of experience in this industry, we have BetterStories and Athena Venture & Equities Limited, offering a mix of financial support and strategic guidance, targeting growth-stage companies with scalable business models.
As a comparative newcomer, both YY Ventures and Paramount Venture Capital also play key roles by investing in promising startups across various sectors.
End Note
This was our list of venture capital firms in Bangladesh ready to invest in your early-stage startup. You have to understand that getting funds at the early stage will take a lot of work. Just presenting the idea will not be enough.
Develop MVP with your winning pitch deck, and then approach VCs. This increases your investment opportunities. You also have to formulate your startup team structure, do market research, and figure out the equity. Keep in mind – VCs don’t simply fund ideas; they invest in the people who can make ideas into reality.
You can also discuss everything with an expert if you want.
Best of Luck!!
