Applications are currently being accepted for the Lagos StartUp DealDay, a quarterly pitch event organized by Lagos Angel Network (LAN), a premier angel network in Nigeria and one of the most active in Africa.
The event brings together LAN members, other angel investors and Lagos startup ecosystem players to invest in the very best startups across various sectors.
Each participating investment syndicate are required to make a minimum investment of NGN5 million on the day of the event.
Through Lagos StartUp DealDay, LAN is looking to raise NGN100 million from its members and the early stage investment community at large for Lagos startups during 2016.
Interested startups – early customer/revenue or post concept/prototype – looking to raise between NGN5 million and NGN25 million in funding should apply for the event by June 10, 2016.
Shortlisted startups will be announced/contacted on June 20, and entrepreneurs will be invited to make formal pitches, which will be delivered to a small, closed panel of investors.
Lagos StartUp DealDay will take place on June 30, 2016 at a yet-to-be-announced venue.
The event is organized in partnership with VC4Africa, TechCabal, the Africa Business Angel Network (ABAN), Lagos based hubs, incubators and accelerators.
The inaugural Lagos StartUp DealDay, which had over 250 startups applying, took place on March 31, 2016 with three LAN syndicates of angel investors investing NGN50 million in two ventures.
The 2014-founded Lagos Angel Network is helping to create a network of business angels that put startup funding and mentoring into early-stage ventures in Lagos, Nigeria. Since its creation, LAN members have invested in over a dozen Lagos startups.