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Open Angel Network

Lagos Angel Network (LAN) Investment Programme

Lagos Angel Network · VC / Investment Fund
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NigeriaTechnologyFintechHealthcareAgricultureConsumer Goods

About this opportunity

Lagos Angel Network connects early-stage Nigerian startups with high-net-worth investors for $25,000–$150,000 equity cheques, plus mentorship and governance support. You need a working prototype, a co-founder, and proof of traction.

Lagos Angel Network connects early-stage Nigerian startups with a network of high-net-worth angel investors based primarily in Lagos. Startups pitch for equity investment typically ranging from $25,000 to $150,000 USD. Accepted companies gain access to mentorship, investor networks, and business development support alongside capital.

Who can apply

  • Nigerian-registered startup
  • Early-stage company with a working prototype or minimum viable product (MVP)
  • Founding team of at least two people
  • Able to demonstrate traction or market validation
  • Operating in technology, fintech, healthcare, agriculture, or consumer goods sectors

Not eligible

  • Single founder or sole proprietorship
  • Pre-prototype or idea-stage companies without MVP
  • Startups without evidence of market traction

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Documents you will need

  • Pitch deck
  • Financial projections
  • Proof of company registration in Nigeria
  • Evidence of working prototype or MVP
  • Traction or market validation data (customer numbers, revenue, usage metrics, or pilot results)

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How to apply, step by step

  1. Visit the Lagos Angel Network website and navigate to the 'Apply for funding' section
  2. Prepare your pitch deck and financial projections
  3. Complete the application form with your company details, team information, and funding ask
  4. Submit your application with supporting documents
  5. Wait for LAN's sourcing and due diligence team to review and contact you—there is no fixed deadline; applications are reviewed on a rolling basis
  6. If selected, you will be invited to pitch at a DealDay event in front of the angel members
Save and track it and we will email you 14 days, 7 days, 3 days, 24 hours and on the morning of the deadline.

How applications are selected

LAN's team sources and vets applications, then invites selected founders to pitch live at DealDay events held throughout the year (next confirmed event: 9 July). During DealDay, your founding team presents to the full angel cohort (120+ members) and undergoes deep Q&A. Angels indicate interest on the spot or during follow-up due diligence. There is no single acceptance decision; rather, individual angels commit capital and terms are negotiated per deal.

What reviewers look for

  • LAN backs companies with proof of market validation—customer revenue, pilot adoption, or measurable user growth matters more than the idea itself
  • Co-founder requirement is strict; solo founders will not be considered
  • Your pitch deck is the first filter; make sure financial projections are realistic and based on actual traction data, not assumptions
  • LAN's angels value governance and scalability; show how you'll deploy capital and scale the team, not just what you'll build
  • Sector focus is narrow: technology, fintech, healthcare, agriculture, and consumer goods. Startups in other sectors are unlikely to advance

Frequently asked questions

When is the deadline for applications?

There is no fixed deadline. LAN reviews applications on a rolling basis year-round and invites vetted founders to pitch at quarterly DealDay events.

Do I have to be in Lagos to apply?

The listing does not specify a location requirement within Nigeria, but LAN's core investor network is based in Lagos and most events are held there. Check with LAN directly about remote participation.

What percentage equity do angels typically take?

The sources do not specify standard equity terms. Equity percentage is negotiated per deal between your founding team and the individual angels who commit capital.

Can I pitch at a DealDay if I am not yet accepted?

No. LAN's team must vet your application and invite you to pitch. Unsolicited attendance at DealDay is not an option.

What happens if angels want to invest but terms don't suit us?

The sources do not detail this scenario. LAN facilitates deal negotiation between you and individual angels, but terms are not fixed; you can negotiate or decline offers.

Guide written from the official programme page on 15 October 2026. Funders change their rules, so confirm the details on the official page before you apply.

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