Applications now open for first DealDay event for 2017

The application window for the first DealDay event for 2017 is now open. The event will take place on Friday, March 24th 2017.

Lagos Startup DealDay is quarterly investment process run by the Lagos Angel Network (LAN). It brings together LAN members, other angel investors and Lagos startup ecosystem players in a process where the very best startup ventures (across sectors) are guaranteed funding.

Using Lagos StartUp DealDays as a vehicle, LAN raised N100 million from its members and the early stage investment community for Lagos startups during 2016.

This year, Lagos Angel Network has increased the available funding to between N25-N50m per venture and restricted participation to only ventures that have been in business for at least two and no more than five years, incorporated with CAC in Nigeria, have a track record of financial performance and paying customers for their products or services.

On the Deal day, 24th of March, shortlisted ventures will pitch to a closed group of angels and syndicates. The ventures will then be subjected to a process of due diligence.  Agreements will be signed and fund disbursed by end of April 2017. Investment will be through LANs five syndicates, TechnoVision, Sasware, RODS, RisingTide and Links.

Interested start-ups are invited to apply here or visit the Lagos StartUp DealDay page on the VC4Africa platform for additional information.

The first edition of Lagos Startup DealDay took place on the 31st of March 2016. Big Cabal Media and Cafe Neo were the beneficiaries of the first edition of the event, getting N50 million.