Lagos Angel Network Launches Funding Round for Startups via DealDey
The Lagos Angel Network (LAN), a prominent supporter of early-stage ventures in Nigeria, has opened applications for its DealDey investment round, an initiative designed to fuel the growth of promising startups and provide them with valuable mentorship. This quarterly event, known as Lagos StartUp DealDey, offers a platform for innovative companies to secure crucial funding and gain exposure to a network of experienced investors.
About the Lagos StartUp DealDey
Lagos StartUp DealDey, first launched in March 2016, is a significant investment platform organised by the Lagos Angel Network. Over the past two years, the initiative has facilitated the raising of over N200 million in funding for African startups. Notable beneficiaries include companies like Café Neo, Big Cabal Media, and Versecom, highlighting the program’s impact on the African tech ecosystem. The application window for the first DealDey of 2018 is currently open, with a closing date of March 24, 2018. To be eligible, startups must meet specific criteria, including a funding requirement of between N25 million to N50 million, a post-revenue stage demonstrating existing customers, operational history of at least two years but not exceeding five years, incorporation with the Corporate Affairs Commission (CAC) in Nigeria, and a dedicated, full-time leadership team.
In a move to boost startups’ growth and mentoring, the Lagos Angel Network (LAN) calls for unique ventures to invest in.
The Lagos Angel Network is looking for new startups to invest in. Applications for the Lagos StartUp DealDey are open and will close March 24, 2018. The DealDey, has helped to fund startups like Café Neo, Big Cabal Media and Versecom.
The goal of DealDey is to boost startup growth and mentoring. DealDey is open for application with the following criteria: N25 – 50m funding requirement, post-revenue stage, in operation for at least 2 years and not more than 5 years, incorporated with CAC in Nigeria, and a full-time leadership team.
Conclusion
DealDey continues to be an essential avenue for early-stage African startups to secure investment and receive support from experienced angel investors. Startups that meet the outlined criteria are encouraged to apply and seize this opportunity to accelerate their growth trajectory.
Keywords
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