So talking on investments in startups, applications are now open for the 2nd DealDay event for 2017, which is a brainchild of the Lagos Angel Network (LAN) .
In case you are alien to this, the Lagos Angel Network is an Angel investment round that comes up three times a year, and is run by the Lagos Angel Network. The first DealDay pitch event for this year took place on Friday, March 24th, and brought under one roof, LAN members, with other angel investors and Lagos start-up ecosystem players in a process where the most worthy startup ventures (in target sectors) pitched.
With a fairly huge focus on startup investments, in 2016, Lagos StartUp DealDay raised over N100 million from LAN members and the early stage investment community. It was through this that it invested in some of the fastest growing start-ups in Nigeria including Café Neo and Big Cabal Media. Well, another opportunity is now in the open.
The network of investors have also increased the funding available to ventures through the DealDay to 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.
Another criteria for participation goes that your startup must have been incorporated with CAC in Nigeria, while also having a track record of financial performance and paying customers for their products or services.
The pitch event which would be done to a closed group of angels and syndicates is slated for the 28th of July, 2017. Every other process including fund disbursement would be completed by the end of August
Investment will be through LANs five syndicates, TechnoVision, Sasware, RODS, RisingTide and Links.
CLICK HERE TO APPLY.