Applications for the 2016 Lagos Startup Dealday now open to give an opportunity to startups in Nigeria to pitch to a crowd of investors, media and industry stakeholders and raise seed funding for their ventures.
Organized by the Lagos Angel Network (LAN) and its partners, this quarter’s Lagos StartUp DealDay pitch event will take place on Wednesday, November 16th, bringing together angel investors and other members of the Lagos start-up ecosystem. It will be the culmination of a two-month selection, assessment and negotiation process through which the very best start-up ventures receive funding from LAN Syndicates.
Lagos StartUp DealDay 3 is a working partnership with VC4Africa for online registrations, the Africa Business Angel Network (ABAN) for accreditation of the investors, local incubators, hubs and accelerators that provide the applicants.
Shortlisted startup ventures will be privately notified before the end of October when they will also be presented with Term Sheets for negotiation. Successful entrepreneurs will be invited to make formal pitches on the 16th of November to a closed group of angels for funding. Eligible ventures must be no more than two years old, have revenue-generating customers. and a N5-25 million capital requirement.
LAN invites its members to form syndicate groups that will invest through this StartUp DealDay. This year, LAN Syndicates have invested N50 million in two ventures.