The Lagos Angel Network (LAN) announces that applications are now open for its last quarterly pitch event for 2016. Through the Lagos Startup Dealday this year, LAN Syndicates have invested N50 million in two ventures.
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 who provide the online platform, TechCabal the media partners, the Africa Business Angel Network (ABAN) for accreditation of the investors, local incubators, hubs and accelerators that provide the applicants. VC4Africa’s platform will register applications from the start-up ventures seeking funding starting from today. Submissions by applicants will be available on the platform to investment syndicate members for review as part of the process.
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.
In preparation for November 16th, as before, LAN invites its members to form syndicate groups that will invest through this StartUp DealDay. While Syndicate Leadership and registration is restricted to LAN Members only, membership in syndicates is not limited to members of LAN, but open to ABAN-accredited investors with an interest in early stage investing.
Interested start-ups are invited to visit the Lagos Angel Network page on the VC4Africa platform (www.VC4Africa.biz) for additional information.
Interested investors and syndicates should contact the LAN Secretariat by email at email@example.com for information on how to register.