The Lagos Angel Network (LAN) is a non-profit association of committed members set up to provide early-stage seed funding and mentorship to startup businesses through seed funders who are also known as Business Angels.
Business Angels fund these startups in a bid to strengthen them and help them grow with the aim of getting a healthy return on their investments while supporting the development of the Nigerian economy.
LAN nurtures these startups and gives them access to business networks and mentorship with the aim of building a sustainable business ecosystem.
It continues to play a major role in the Nigerian startup ecosystem by birthing an increasing number of Angel groups that make up the LAN community, some of which include Rising Tide Africa (RTA), South South-East Angels Network (SSEAN), Abuja Angels Network (AAN), the Diaspora Angels Network (DAN), etc.
Rising Tide Africa (RTA)
Established in 2016 by Co-founders Yemi Keri and Ndidi Nnoli- Edozien, Rising Tide Africa (RTA) manages an investment pool that is funded by private investors, with a primary focus on investing in Africa’s technologically-inclined startups that seek to bring positive change to the continent.
The global women-oriented investment network concerns itself with educating women to become part of angel investment through mentorship programs, networking, and by providing opportunities for them to build different portfolios of investments.
RTA is actively involved in pursuing investment opportunities that can bring forth robust financial returns and notable social impact in Africa.
South South-East Angels Network (SSEAN)
The South South-East Angel Network was launched to support, mentor, and invest in founders — who are building innovative businesses that provide jobs, opportunities and contribute to the prosperity and development of our Country — particularly founders in the South-Southern and South-Eastern parts of Nigeria.
Members of the SSEAN invest directly into businesses while giving them the opportunity to discover and support early-stage innovative startups before they become commercially successful.
This enables SSEAN contribute to the development of the regions and get significant returns on investments.
SSEAN invests in post-revenue teams but occasionally invests in pre-revenue ideas providing mentorship and access to market.
Abuja Angels Network (AAN)
AAN is a member-led network of seasoned people and an affiliate organization of government that is committed to providing support to startups that are investment-worthy in a bid to scale them from pitches through to successful exits.
AAN, through its large network of accelerators, incubators, venture capital firms and angel groups, offers an extensive network of business support (which include mentorship, financing, linkage deals, etc.) to companies.
AAN works with relevant stakeholders to identify investment opportunities in order to contribute to entrepreneurship development.
It supports the formation of new angel networks and operates with the current angel network to enable capability and capacity via cooperation that is built on experiences across a variety of business sectors.
Diaspora Angels Network (DAN)
Diaspora Angel Network (DAN) is a business angel network of qualified Angel Investors that reside in the diaspora but want to get involved in the African Opportunity.
It believes angel investment in the diaspora is missing out in the growing African startup ecosystem either as investors or mentors, and so, seeks to bridge this gap.
The network works closely with startup incubation hubs and business angel networks in Africa to find entrepreneurs with great ambitions for Africa who have products and/or services that are generating revenue.
Members of DAN have access to some of the brightest entrepreneurs in Africa, get to co-invest with some of the most experienced angel investors on the continent, have access to curated networking events to connect with like-minded investors, and undergo formal & semi-formal training on Angel Investing from reputable training providers.
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