Lagos Startup DealDay 2018

Lagos Startup DealDay 2018

An investment process run by the Lagos Angel Network

Application period:

Application period closed
May 11, 2018 at 00:00
* (GMT)
May 31 - May 31, 2018

ABOUT Lagos Startup DEALDAY

The Lagos Angel Network (LAN) announces that applications are now open for the 1st DealDay event for 2018.

The Lagos StartUp DealDay is an Angel investment round run by the Lagos Angel Network. This events brings together LAN members, other angel investors and Lagos start-up ecosystem players in a process where the most worthy startup ventures (in target sectors) pitch. As an investment vehicle, Lagos StartUp DealDay has raised over N200 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, Big Cabal Media and Versecom.

Lagos Angel network has this year increased the funding available to ventures through the DealDay that meet the following criteria:

Qualification criteria:

  • N25-50m funding requirement
  • Post-revenue stage (i.e. existing customers)
  • In operation for >2 years and <5 years
  • Incorporated with CAC in Nigeria 
  • Full Time Leadership Team 

Shortlisted ventures will pitch to a closed group of angels and syndicates on the 31st of May, 2018. The subsequent process of due diligence, agreement and fund disbursement is expected to be concluded by end of June 2018. Investment will be through LANs five syndicates, TechnoVision, Sasware, Genesis, RisingTide and Links.

The Lagos StartUp DealDay is a investment round process run by the Lagos Angel Network (LAN).

Lagos StartUp DealDay brings together LAN members, other angel investors and Lagos startup ecosystem players in a process where the most worthy startup ventures (in target sectors) are guaranteed funding. As an investment vehicle, Lagos StartUp DealDay raised over N100 million from LAN members and the early stage investment community for Lagos startups during 2016.

LAN partners for the DealDay are VC4A, the Africa Business Angel Network (ABAN), Lagos tech hubs, incubators and accelerators.

Information for Startups

Applications close on May 7th, 2018.

Qualified startups are invited to apply and make sure they have a venture profile published on the VC4Africa platform with their most recent pitch deck attached before the deadline. The more information provided (Commercial, Legal & Financial),  the better your chances. Video pitches (no more than 60-90 seconds long) by the team, customers and investors are encouraged but not required.

Applications without a venture profile and pitch materials will be automatically excluded.

Technical issues: please contact VC4A here.

INFORMATION FOR INVESTORS

Interested angel investors and investment syndicates should contact the LAN Secretariat by email at secretariat@lagosangelnetwork.net for more information on how to register noting that Syndicates are required to have or set up at least one Pro Account with VC4Africa to be eligible to access the shortlisted candidates and participate in adjudication.

Pitch decks, video pitches and other startup information will be available to participating investors on the VC4Africa platform in the run up to the pitch event.


About LAN

The Lagos Angel Network is the premier angel network in Nigeria and one of the most active in Africa. Founded in 2014, LAN is run by a Board of Directors chaired by one of Nigeria’s foremost investors, Dotun Sulaiman with Tomi Davies, Collins Onuegbu, Tokunboh Ishmael, Dipo Adebo, Segun Olukoya and David Richards as members, LAN is growing a network of business angels and syndicates that provide startup funding, access to their business networks and mentoring to early-stage ventures in Lagos, Nigeria.

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