LAN Syndicates sign-off N50M for Three Startups at the First Lagos StartUp DealDay.

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Lagos (April 1st, 2016) – On Thursday, Lagos Angel Network (LAN) held the final pitch evening for its first Lagos StartUp DealDay event, showcasing five of the most promising startups in Lagos. A total of N50 million has been committed to three selected ventures by three DealDay syndicates.

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LAN received nearly 250 applications for the programme. These were whittled down to an initial shortlist of 10, and then to a final shortlist of five ventures that were invited to the final pitch round. Pitches were made in front of a closed panel of LAN members, DealDay judges and syndicate members.

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Earlier, on March 2nd 2016, LAN announced its intention to raise N100 million from its members and the early stage investment community at large for Lagos-based ventures during 2016, by working in partnership with VC4Africa, the Africa Business Angel Network (ABAN), hubs, incubators and accelerators to run the StartUp DealDay programme on a quarterly basis.

The next StartUp DealDay will hold on June 30th, 2016.

Interested investors/syndicates should contact the LAN Secretariat by email at secretariat@lagosangelnetwork.net for information on how to register.

Interested ventures/startups should look out for announcements via websites and social media platforms of LAN, VC4Africa and ABAN for application dates for the June 2016 cycle.

About LAN

The Lagos Angel Network is the premier angel network in Nigeria and one of the most active in Africa. Founded in 2014, LAN with foremost Nigerian investor, Dotun Sulaiman as Chairman and Tomi Davies, Collins Onuegbu, Tokunboh Ishmael, Dipo Adebo, Segun Olukoya and David Richards as board members, is helping to create a network of business angels that put startup funding and mentoring into early-stage ventures in Lagos, Nigeria. Since its creation, LAN members have invested in over a dozen Lagos startups.

About ABAN

The African Business Angel Network (ABAN) is a pan African non-profit association founded to support the development of early stage investor networks across the continent and to get many more (early stage) investors excited about the opportunities in Africa. For more: http://abanangels.org/.

About VC4Africa

VC4Africa (VC4A) is the Africa platform for startup funding and the largest online community of entrepreneurs and investors dedicated to building game changing companies on the continent. Join the movement on VC4A.com!

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