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Lagos skyline

Lagos startups have 10 days left to secure spot at angel investing event

Lagos startups seeking funding have just over 10 days left to apply to be part of the latest round of the Lagos StartUp DealDay.

Interested startups must apply by 23 June, following an announcement posted last week on VC4Africa’s website.

Those that are selected will be able to pitch to various angel investors at the event, which is held three times a year by the Lagos Angel Network (LAN).

VC4Africa said Lagos StartUp DealDay raised over 100 million naira ($310,000) from LAN members and the early stage investment community for Lagos startups during 2016.

LAN partners for the DealDay are VC4A, the Africa Business Angel Network (ABAN), Lagos tech hubs, incubators and accelerators.

To qualify startups must be looking for between 50 million and 100 million naira in funding, have existing customers, have been operating for between two and five years, be incorporated in Nigeria and have a full time leadership team

Those startups that are interested must first ensure that they have a venture profile published on the VC4Africa platform with their most recent pitch deck attached before the deadline. Video pitches by the team, customers and investors are encouraged but not required. Applications without a venture profile and pitch materials will be automatically excluded.

Shortlisted startups will be contacted on 17 July and entrepreneurs from the shortlist will be invited to make formal pitches at the Lagos StartUp DealDay pitch event on 28 July

For technical issues participants should contact VC4A. Interested angel investors and investment syndicates should contact the LAN Secretariat by email at secretariat@lagosangelnetwork.net.