The Lagos Angel Network (LAN) announces that applications are now open for the second of its quarterly pitch events for 2016. The first Lagos StartUp DealDay, held in March, was hugely successful – three syndicates invested a total of N50 million in two ventures.
This quarter’s Lagos StartUp DealDay will take place on Thursday, June 30th, and will, as usual, bring together LAN members, other angel investors and Lagos startup ecosystem players at a pitch event where the very best ventures and startups (across sectors) will receive funding.
The first Lagos StartUp DealDay coincided with LAN’s announcement of a N100 million target for Lagos-based startups in 2016. With the success of the first quarter’s event, LAN is well on its way to achieving this objective.
Lagos StartUp DealDay 2 is supported by VC4Africa and the Africa Business Angel Network (ABAN), as partners. As usual, VC4Africa’s platform will curate applications from startups and ventures, and pitch materials will be available on the platform for investors and syndicates to review and shortlist in the run up to the event.
Shortlisted startups will be announced on June 20th, and those entrepreneurs will be invited to make formal pitches on June 30th to a closed group of angels. Eligible ventures must have a N5-25 million capital requirement and be in the early customer/revenue stage. Prototype or concept stage ventures will not be considered.
In preparation for June 30th, as before, LAN invites the formation of syndicate groups that will lead investments at the 2nd Lagos StartUp DealDay. Already confirmed syndicates include TechnoVision (led by Tomi Davies) and Sasware (led by Collins Onuegbu) and Links (led by Prithvi Chulani). Syndicate membership is not limited to members of LAN, but open to self-accredited investors with an interest in early stage investing.
Interested startups are invited to visit the Lagos StartUp DealDay page on the VC4Africa platform (www.VC4Africa.biz) for additional information.
Interested investors and syndicates should contact the LAN Secretariat by email at [email protected] for information on how to register.