LAN to Raise N100 million for Lagos Startups in 2016

The Lagos Angel Network (LAN) has today invited participation in its first investment event for 2016, the ‘Lagos StartUp DealDay’.

This quarterly event, which will take place on Thursday, March 31st, will bring LAN members, other angel investors and Lagos startup ecosystem players together at a pitch event where the very best ventures and startups are guaranteed funding.

Using Lagos StartUp DealDay events as a focal point, LAN expects to energise investments in Lagos startups by raising N100 million from its members and the investment community at large. Partners include VC4Africa, BusinessCabal, the Africa Business Angel Network (ABAN), hubs, incubators and accelerators.

In preparation for March 31st, LAN has invited the formation of syndicate groups that will lead investments in the shortlisted startups. Confirmed syndicates include TechnoVision (led by Tomi Davies) and Sasware (led by Collins Onuegbu), with more expected to join by the 15th March deadline for investors.

Each syndicate will invest a minimum of N5 million on the day. Syndicate members are not required to be members of LAN, who are expected to lead or join others in participating syndicate groups.

Startups and investors will be required to participate via VC4Africa. VC4Africa’s platform will curate startups and ventures for Lagos StartUp DealDay. Initial pitchdecks, video pitches and other information will be available on the platform in the run up to the event.

Shortlisted startups will be announced on March 21st, and entrepreneurs will make formal pitches at the Lagos StartUp DealDay on March 31st.

Interested startups and investors are invited to visit the Lagos StartUp DealDay page on the VC4Africa platform for additional information.

Interested angel investors/syndicates should also contact the LAN Secretariat by email for information on how to register.

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