The Lagos Angel Network (LAN) announces that applications are now open for the 2nd DealDay event for 2017.

The Lagos StartUp DealDay is a thrice-a-year Angel investment round run by the Lagos Angel Network. The first DealDay pitch event for 2017 took place on Friday, March 24th, and brought together LAN members, other angel investors and Lagos start-up ecosystem players in a process where the most worthy startup ventures (in target sectors) pitched. As an investment vehicle, in 2016, Lagos StartUp DealDay raised over N100 million from LAN members and the early stage investment community through which it invested in some of the fastest growing start-ups in Nigeria including Café Neo and Big Cabal Media.

Lagos Angel network has this year increased the funding available to ventures through the DealDay to N25-N50m per venture and restricted participation to only ventures that have been in business for at least two and no more than five years, incorporated with CAC in Nigeria, and have a track record of financial performance and paying customers for their products or services.

Shortlisted ventures will pitch to a closed group of angels and syndicates on the 28th of July, 2017. The subsequent process of due diligence, agreement and fund disbursement is expected to be concluded by end of August 2017. Investment will be through LANs five syndicates, TechnoVision, Sasware, RODS, RisingTide and Links.

Interested start-ups are invited to visit here, or the Lagos StartUp DealDay page on the VC4Africa platform for additional information.

The Lagos StartUp DealDay is a partnership between the Lagos Angel Network, VC4Africa, TechCabal, Africa Business Angel Network (ABAN) and Lagos, Nigeria based hubs and accelerators.

More From TC
The War Against Cash Is Solving The Wrong People’s Problems
Cabal, startups
22nd October 2018

Many cashless society initiatives don’t really solve merchant problems. The solutions that will win in the end will be the ones that can combine payment services with value-added services to help the merchant make more money and the consumer pay in a more effective and rewarding way.

An Unlikely Band Of Entrepreneurs Are Reducing Cost, Wait Times In Nigerian Hospitals
startups
14th November 2018

Through an unlikely alliance, the founders of Helium Health are using their product to improve outcomes for healthcare service delivery in Nigeria.

Lara.ng Is Getting People Around Lagos In A Way That Google Maps Can’t
startups
12th November 2018

From infrastructure to city planning and mobility trends, a unique marriage of technology and data has the potential to birth a new age of socio-economic advancement in Nigeria. Lara.ng is proof of that.

Despite Increase In Tariffs, Nigeria’s Solar Industry Remains Resilient
people, startups
7th November 2018

For some solar startups, instead of increasing prices, they have had to absorb the extra charges from the Nigerian customs.


TechCabal is a Big Cabal Media brand



Copyright © 2018
All rights reserved

Privacy & Terms