47 Views

Lagos Based Angels Announce Quarterly Deal Days, Syndicating N100 Million In 2016

Early stage companies in the Lagos area have a new stage to present their innovations to the investment community. VC4A partners at the Lagos Angels Network open applications for promising startups at one of the upcoming deal days. Organizing several syndicates, LAN members are moving to invest N100 million into up and coming companies. More importantly, LAN opens its door for international and foreign investors to participate.

ALSO READ  Why Growing Mushroom Is A Good Business

Applications have been pouring in since the announcement. Great founders will be selected to showcase their companies to Nigeria’s top angel investors. Several investment syndicates are being formed that allow other investors, local and abroad, to get involved. This is an important initiative that could see replication across the continent. The first Deal Day will be held on the 31st of March.

APPLY HERE

Syndicating Investments

As the event’s name suggests, members of the Lagos Angel Network will come and listen to vetted startups. But with a twist. Investors who want to access the startup pool on deal day will be required to form or join syndicates. Each syndicate will in turn be required to invest a minimum of N5 million on the day — startups will be able to request between N5 – N25 million.

LAN membership is not a prerequisite to joining syndicates. The network is looking to attract a broad range of investors, regardless of their affiliation.

The syndication model that LAN is adopting here is instructive. Investing as a group makes an investment easier, and less risky than if one investor had to take on all of the cost and exposure from a single deal.

Less experienced investors can form up behind a veteran, because their commitment to the investment’s success de-risks it significantly. Already, there are at least two confirmed syndicates, formed by active Nigerian angel investors — TechnoVision, led by Tomi Davies, and Sasware, led by Collins Onuegbu.

IMG_0227

Quarterly Deal Days

The March 31st event is only the first of these deal days, which will take place quarterly. As a result, early stage startups will have a regular opportunity to engage committed Nigerian angel investors who at least four times every year coming together to meet top founders. The network will be leveraging relationships with the VC4Africa community, TechCabal, the Africa Business Angel Network (ABAN), hubs, incubators and accelerators as the program moves forward.

Get Involved

To get into the room with investors, startups will have to register and pitch via VC4Africa for a chance to make a final shortlist that will be announced on the 21st of March. For the investor side, Interested angels and syndicates are invited to get in touch with Segun Odukoya at the LAN Secretariat for information on how to participate.

For startups who have grown weary of pitching to tire-kickers, the promise of real funding could inspire them to be better prepared. For local investors who aren’t in on the action, the fear of missing out might well inspire them to join in. The Lagos Angel Network has itself invested in a number of startups. But the bigger plan here is to get more moneyed locals to put their money where their mouth is.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Why EFCC Arrested Ex-Senate President David Mark
Politics
17 views
Politics
17 views

Why EFCC Arrested Ex-Senate President David Mark

PH - December 16, 2017

There were revelations yesterday on why former Senate President, Senator David Mark, was arrested and quizzed by the Economic and Financial Crimes commission (EFCC). A source in…

Former President Obasanjo Bags PhD in Christian Theology
Religion
12 views
Religion
12 views

Former President Obasanjo Bags PhD in Christian Theology

PH - December 16, 2017

Former President Olusegun Obasanjo on Friday bagged the award of Doctor of Philosophy (PhD) in Christian Theology from the Department of Religious Studies, Faculty of Arts of…

Fr. Mbaka Reveals Why Atiku Should Be Nigeria’s Next President
Politics
64 views
Politics
64 views

Fr. Mbaka Reveals Why Atiku Should Be Nigeria’s Next President

PH - December 15, 2017

Rev. Fr. Ejike Mbaka, of the Adoration Ministry, has declared that former Vice President, Atiku Abubakar is the new blessing for Nigeria. He said Abubakar has what…

Caroline Danjuma Celebrates Her Ex-Husband, Musa Danjuma
Entertainment
70 views
Entertainment
70 views

Caroline Danjuma Celebrates Her Ex-Husband, Musa Danjuma

MT - December 15, 2017

It appears Caroline and her billionaire ex-husband, Musa Danjuma are friendly exes. Caroline and Musa went their separate ways in February 2016 after 10 years of marriage.…

How Police Almost Detained My Dad For Helping Boko Haram Victim – Lady Reveals
Shocking
59 views
Shocking
59 views

How Police Almost Detained My Dad For Helping Boko Haram Victim – Lady Reveals

MT - December 15, 2017

There are still good people in Nigeria. A lady has revealed how her family passed through hell in the course of helping a young man whose parents…

Bishop Oyedepo’s Landmark University Begins Rice Production [Photos]
Business
63 views
Business
63 views

Bishop Oyedepo’s Landmark University Begins Rice Production [Photos]

MT - December 15, 2017

The Vice-Chancellor, Professor Adeniyi Olayanju has reiterated the commitment of the University to becoming an incubation centre for Agripreneurs and agricultural practitioners as catalysts for national economic…

Here’s NNPC Boss, Baru’s Reaction To Report Linking Kyari To N50bn Funds Kept Away From TSA
Politics
66 views
Politics
66 views

Here’s NNPC Boss, Baru’s Reaction To Report Linking Kyari To N50bn Funds Kept Away From TSA

MT - December 15, 2017

Below is a full statement from the Nigerian National Petroleum Corporation, NNPC; "The Nigerian National Petroleum Corporation (NNPC) has disclaimed the allegation that its Group Managing Director,…

Benue State House of Assembly Confirms Idoma Man As Chief Judge
Politics
48 views
Politics
48 views

Benue State House of Assembly Confirms Idoma Man As Chief Judge

MT - December 15, 2017

Benue State House of Assembly on Friday confirmed Justice Adam Onum as the new Chief Judge of the State. The confirmation of Justice Onum came after the…

Mr Eazi Builds Borehole For A Village To Promote “Pour Me Water” His New Song
Entertainment
66 views
Entertainment
66 views

Mr Eazi Builds Borehole For A Village To Promote “Pour Me Water” His New Song

MT - December 15, 2017

Few Weeks ago Mr Eazi dropped a new song titled 'pour me water', a week past he complained of low download of the song on Twitter, And…

This ONE Campaign Documentary shows the Deplorable State of Nigeria’s Primary Healthcare
Food and Health
56 views
Food and Health
56 views

This ONE Campaign Documentary shows the Deplorable State of Nigeria’s Primary Healthcare

PH - December 15, 2017

Earlier this year, Kannywood Star Ali Nuhu and the ONE Campaign visited Kantudu community in Kano where they experienced first-hand, the stark reality of the health care crisis in Nigeria. In…

Childhood Throwback Photo Of Herbert Wigwe, CEO Of Access Bank PLC
Best of Nigeria
49 views
Best of Nigeria
49 views

Childhood Throwback Photo Of Herbert Wigwe, CEO Of Access Bank PLC

MT - December 15, 2017

The amazing throwback photo of Access bank Ceo, Mr Herbert Onyewumbu Wigwe was shared on social media. Access bank via Facebook page, posted this photo and captioned it  #ThrowbackThursday. Hey…

The Beatz Awards 3 Celebrates Creative Minds in Music Production and Business
Entertainment
51 views
Entertainment
51 views

The Beatz Awards 3 Celebrates Creative Minds in Music Production and Business

PH - December 15, 2017

Nigeria’s hottest recording professional and business executives are again going to be honored this year, as Eliworld International Limited presents “The Beatz Awards 3.” This year, The Beatz…

“He Saw My Picture And Slid Into My DM” – Instagram User Shares Love Story
Inspiring
73 views
Inspiring
73 views

“He Saw My Picture And Slid Into My DM” – Instagram User Shares Love Story

MT - December 15, 2017

Temitope Atanda shared her love story of how her fiance slid in her dm ” He saw a picture of me reposted by @hijablovers and he sent…

These Are The 15 Safest 2018 Cars So Far – According to IIHS
Technology
58 views
Technology
58 views

These Are The 15 Safest 2018 Cars So Far – According to IIHS

MT - December 15, 2017

The Insurance Institute for Highway Safety (IIHS) has revealed the safest 2018 vehicles. Good headlights and passenger protection are now added criteria as some manufacturers don't pay…

PHOTOS: Pastor Adeboye, Nathaniel Bassey And Aregbesola Attend Presidential Christmas Carol
Politics
85 views
Politics
85 views

PHOTOS: Pastor Adeboye, Nathaniel Bassey And Aregbesola Attend Presidential Christmas Carol

MT - December 15, 2017

Pastor Adeboye of RCCG, Nathaniel Bassey, Osun state Governor Aregbesola at the Presidential Christmas carol at the Villa Banquet Hall, Abuja hosted by Vice President, Osinbajo.

‘I And Jude Own Squareville’ – Paul Okoye Speaks On Decision To Sell Mansion
Entertainment
84 views
Entertainment
84 views

‘I And Jude Own Squareville’ – Paul Okoye Speaks On Decision To Sell Mansion

MT - December 15, 2017

Paul Okoye has spoken about the decision to sell their mansion, Squareville stating that the building is owned by himself and Jude Okoye, his elder brother. This…

Ada Mike‎; Hardworking Nigerian Lady Assembles Keke Napep In Anambra State (Photos)
Best of Nigeria
62 views
Best of Nigeria
62 views

Ada Mike‎; Hardworking Nigerian Lady Assembles Keke Napep In Anambra State (Photos)

MT - December 15, 2017

The popular saying 'what a man can do, a woman can do better' appears to have been confirmed by this hardworking and determined Nigerian lady, Ada Mike‎,…

2019 Elections: Buhari/Osinbajo Endorsement Posters Flood Abuja
Politics
48 views
Politics
48 views

2019 Elections: Buhari/Osinbajo Endorsement Posters Flood Abuja

MT - December 15, 2017

Major streets of Abuja were on Thursday adorned with campaign posters endorsing President Muhammadu Buhari and Vice President Yemi Osinbajo for reelection in 2019. The posters were…

Loading...