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The Lagos Angel Network (LAN) has opened applications for the second of its StartUp DealDay quarterly pitch events, following the success of the first edition that saw three syndicates invest a total of NGN50 million (US$250,000) in two ventures.

The event will take place on June 30, bringing together LAN members, other angel investors and Lagos startup ecosystem players at a pitch event where the very best ventures and startups will receive funding.

Ahead of the first event, LAN had set itself a target of investing NGN100 million (US$500,000) in Lagos-based startups in 2016, a target it is well on its way to meeting.

Interested startups can apply to pitch here, with shortlisted startups to be announced on June 20. These entrepreneurs will be invited to make formal pitches on June 30 to a closed group of angels.

In preparation for the event, LAN is inviting the formation of syndicate groups that will lead investments at the StartUp DealDay. Already confirmed syndicates include TechnoVision, led by Tomi Davies, Sasware, led by Collins Onuegbu, and Links, led by Prithvi Chulani. Syndicate membership is not limited to members of LAN, but is also open to self-accredited investors with an interest in early stage investing.

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