Applications for the 2nd Lagos Angel Network Dealday for 2017 have opened. The Lagos Angel Network, one of the best angel networks in Nigeria and also one of the most active in Africa will provide early stage startup ventures with funding, access to their large business network and mentorship.
In 2016, the Lagos Startup Dealday was able to raise over N100 million from LAN members and the early stage investment community for Lagos startups during 2016. This year’s pool is it seems like the investment pool is larger as funding for startups have increased from 25m – 50m.
To qualify for application, startups should have between N50m – N100m funding requirement, should be at the post-revenue stage where they have existing customers, should have been in operation for a period between 2 – 5 years, incorporated within Nigeria and should have a full-time leadership.
Startups qualified to apply are to 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 of no more than 60-90 seconds long by the team, customers and investors are encouraged but not required.
Interested startups can apply here.
The deadline for applications is 23rd June.