B&Y Venture Partners has launched the Lebanese Angel Investor Network (LAIN), a $5 million fund supporting early-stage startups founded by Lebanese entrepreneurs locally and in the diaspora. The fund has already exceeded its initial commitments shortly after announcement.

The launch event featured opening remarks from Lebanon’s Minister Kamal Shehadi, who outlined MITAI Lebanon’s vision for positioning Lebanon as a digital republic and supporting innovation-driven economic growth.

According to the organisers, the launch also introduced LAIN’s first cohort of potential startup investments via the Vessel platform. The initial group includes four curated founders and startup opportunities identified through the network and the broader Lebanese diaspora ecosystem.

LAIN aims to create a structured angel investment platform that connects Lebanese founders and early-stage startups with investors, mentors, and strategic networks across Lebanon and internationally.

The network unites Endeavor Lebanon, LEBNET, Beirut Digital District, RAZOR Capital and IM Fndng. B&Y Venture Partners will manage the fund, drawing on experience with over 90 portfolio companies. LAIN focuses on artificial intelligence, fintech, SaaS and high-tech manufacturing sectors.