The Lagos Startup DealDay is three times a year angel investment round run by the Lagos Angel Network and she’s announced that applications are now open for the second round of 2017.
Application Deadline: 23rd June 2017
Eligible Countries: African countries
To be taken at (country): Lagos, Nigeria
About the Award: Lagos StartUp DealDay brings together LAN members, other angel investors and Lagos startup ecosystem players in a process where the most worthy startup ventures (in target sectors) are guaranteed funding. As an investment vehicle, Lagos StartUp DealDay raised over N100 million from LAN members and the early stage investment community for Lagos startups during 2016.
Qualified startups are invited to apply and 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 (no more than 60-90 seconds long) by the team, customers and investors are encouraged but not required.
Information for Investors
Interested angel investors and investment syndicates should contact the LAN Secretariat by email at firstname.lastname@example.org for more information on how to register noting that Syndicates are required to have or set up at least one Pro Account with VC4Africa to be eligible to access the shortlisted candidates and participate in adjudication.
Pitch decks, video pitches and other startup information will be available to participating investors on the VC4Africa platform in the run up to the pitch event.
- N50-100m funding requirement
- Post-revenue stage (i.e. existing customers)
- In operation for >2 years and <5 years
- Incorporated with CAC in Nigeria
- Full Time Leadership Team
Number of Awardees: Not specified
Value of Program: The funding available for this year has been increased to range between N25 and N50 million per venture
Duration of Program: Shortlisted startups will be contacted/announced on July 17th and entrepreneurs from the shortlist will be invited to make formal pitches at the Lagos StartUp DealDay pitch event on Friday July 28th. Pitches will be delivered to a small, closed panel of Angel investors.
How to Apply: Interested startups should apply here
Award Provider: The Lagos Startup DealDal is a partnership between the following bodies: Lagos Angel Network, VC4Africa, TechCabal, Africa Business Angel Network(ABAN) and Lagos hubs and accelerators based in Lagos.