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Lagos StartUp DealDay: Funding Available for Startups

Applications are now open for the Lagos StartUp DealDay, an event powered by the Lagos Angel Network (LAN).

The Lagos StartUp DealDay, which takes place on a quarterly basis, seeks to attract funding for startups in particular sectors.  The first round for the year will hold in March, and entries for the pitch stage are now being accepted.

In 2016, the Lagos StartUp Dealday yielded over ₦100 million in funding for startups from investors. This year, startups which prove to be worthy of investment from LAN and other investors will receive between ₦25 – 50 million each.

Application Requirements and Process

Applying startups are required to have been in operation for between two and five years, incorporated with the Corporate Affairs Commission (CAC), and have existing customers. Startups which meet these criteria should fill and submit the online application form before February 24, and have their profile published on the VC4Africa platform before this date. A 60-90 minute long video pitch can also be submitted, although this is not mandatory.

Shortlisted startups will be announced on March 20, and invited to pitch their venture at the Lagos StartUp DealDay event on March 24.  Funds will be channeled to startups selected from this process before the end of April 2017.

Click here to apply for the Lagos StartUp DealDay.

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Ikenna Nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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