The Lagos Angel Network (LAN), a premier angel network in Nigeria and one of the most active in Africa, has is accepting applications for the third and final Lagos StartUp DealDay for 2016.
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.
This third edition seeks startup not more than two years old, have revenue-generating customers, and have a capital requirement of between NGN5 million and NGN25 million.
From the applications, a number of startups will be shortlisted and privately notified before the end of October when they’ll be given Term Sheets for negotiation.
Successful startups will then be invited to make formal pitches which will be delivered to a small, closed panel of investors.
This edition of the event will take place on November 16, 2016 at a yet-to-be-announced venue. Startups can start applying.
In preparation for the event, LAN is inviting the formation of syndicate groups that will lead investments the startups.
While syndicate leadership and registration is restricted to LAN members, membership in syndicates is not limited to members of LAN, but open to ABAN-accredited investors.