In an effort to boost startup growth and mentorship, the Lagos Angel Network (LAN) is looking for unique ventures to invest in. LAN has announced that applications are now open for the first DealDey event of 2018.
DealDey, also called Lagos StartUp DealDey, is a quarterly startup investment round organised by the Lagos Angel Network. It was first organised in March 2016, and over the last two years, it has helped to raise over N200 million in startup funding from investors.
Lagos StartUp DealDey helped to fund startups like Café Neo, Big Cabal Media and Versecom.
Applications for the first Lagos Startup DealDey of 2018 is open and will close March 24, 2018.
Criteria for Application
To apply for the Lagos StartUp DealDey, startups must meet the following criteria:
- N25 – 50m funding requirement.
- Post-revenue stage (i.e. existing customers).
- In operation for at least 2 years and not more than 5 years.
- Incorporated with CAC in Nigeria.
- Full Time Leadership Team.
Also importantly, startups will be expected to publish their business profiles on the Venture Capital for Africa (VC4Africa) platform before March 24. Although not compulsory, startups can also provide more details about their business to better their chances. Additionally, they can include video pitches. However, the videos must be under 90 seconds.
Startup DealDey is expected to hold on 26 April, 2018 where successful applicants would be given the chance to pitch to LAN’s seasoned investors and other investors.
Interested startups can apply here or visit the Lagos StartUp DealDay page on the VC4Africa website for additional information.
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