What Lagos Angel Network does

Lagos Angel Network (LAN) is a Lagos-headquartered, non-profit membership organization founded in 2011 that operates as a curated community of angel investors and corporate organizations. It is explicitly not a fund and does not collect carried interest; instead, it monetizes through membership fees, diligence fees, and administration fees charged to members admitted via warm introduction or application. Its core product set comprises four service modules: (1) regular venture showcases that connect early-stage startups with assembled angel investors, (2) data-driven reports and angel-investor education, (3) a co-investment network providing members access to deals alongside leading African ecosystem investors, and (4) advocacy and mentoring programs aimed at startup-friendly policy. Deal flow is tailored to each member's stated sector and geographic preferences across Africa.

LAN's two primary customer segments are angel investors and high net worth individuals (members who pay recurring fees) and early-stage startups in Nigeria and broader Africa seeking seed/angel capital. The organization is governed by a Board of Governors chaired by Yemi Keri, with Biola Alabi as Deputy Chair and members including Kola Aina, Iyinoluwa Aboyeji, Olumide Soyombo, with Solomon King serving as Executive Director. Headcount is reported in the 11-50 range, consistent with a lean non-profit operating model.

Recent strategic activity includes the September 2025 launch of the African Angel Investor Bootcamps across Lagos, Nairobi, and Cape Town — a multi-partner initiative with the African Business Angel Network, US State Department, VC4Africa, Intercontinental Trust, LIONS Africa Partnership, and DEMO Africa. LAN also led an undisclosed funding round in AWARI in October 2025 and made an undisclosed investment in Midddleman Technologies, an AI-powered Africa-China trade platform recognized by Google for Startups as a 2025 Top AI Startup. Distribution is primarily event-driven and partnership-mediated rather than technology-mediated.

Name

Lagos Angel Network

Legal name

Lagos Angel Network

Website

https://lagosangelnetwork.net

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Lagos Angel Network is a Lagos-based non-profit membership community of angel investors and corporate organizations that facilitates early-stage startup investments in Nigeria and across Africa through venture showcases, investor education, co-investment access, and policy advocacy.

Ownership category

akta.pro rank

Product category

Angel Investing Network

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Business Associations (813910)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Angel investing network
• Early-stage startup funding
• Venture showcases
• Investor education reports
• Co-investment opportunities

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: LAN charges membership fees to accepted members/institutions who join through warm introduction or application. This is a recurring revenue stream from angel investors and corporate organizations joining the network.
2. Diligence Fees: LAN charges diligence fees as part of their investment facilitation process, covering the cost of evaluating and vetting startup investment opportunities for their angel members.
3. Administration Fees: LAN charges administration fees to cover operational costs of managing the angel network, deal facilitation, and member services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Lagos Angel Network (LAN) is a non-profit membership organization that connects business angels and corporate organizations with promising early-stage startups in Nigeria and across Africa. It operates an exclusive investor network that holds regular venture showcases, conducts diligence on deal flow, provides thought-provoking data-driven reports for angel investors, and facilitates co-investment opportunities among its members. LAN does not act as a fund, does not take carried interest, and charges membership, diligence, and administration fees to accepted members.

Product overview

Lagos Angel Network (LAN) is a non-profit organization that functions as a dynamic community and network platform for angel investors and corporate organizations, rather than a single unified product. The network offers three primary service modules: (1) Venture Showcases for facilitating early-stage startup investments, (2) Angel Investor Education & Reports for thought leadership and data-driven insights, and (3) Advocacy & Mentoring Programs for ecosystem development. The network also facilitates co-investment opportunities among members and tailors deal flow to individual investor preferences based on sectors and African geographies of interest. LAN is not a fund and does not take carried interest on investments.

Differentiator

Problem solved

Functional benefit

Products and services

• Membership Exclusive membership program for angel investors and corporate organizations accepted through warm introduction or application, granting access to deal flow, education reports, and co-investment opportunities.
• Venture Showcases Regular venture showcase events where early-stage startups pitch to assembled LAN angel investors, facilitating direct angel investments in promising Nigerian and African startups.
• Angel Investor Education & Reports Thought-provoking data-driven reports and learning content designed to help angel investors make informed investment decisions in the African ecosystem.
• Co-Investment Network Facilitates co-investment opportunities among LAN members, allowing members to participate alongside leading investors active in the African startup ecosystem.
• Advocacy & Mentoring Programs Programs and events that advocate with stakeholders to implement policies supporting startups, founders, and investors, paired with mentoring initiatives for portfolio founders.
• Due Diligence Services Diligence and vetting of startup investment opportunities on behalf of angel members, with associated diligence fees covering evaluation costs.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• African Business Angel NetworkcoreStrategic or Co-development Partner · 15 September 2025Co-organizers of the African Angel Investor Bootcamps across Lagos, Nairobi, and Cape Town. The bootcamps feature master-classes led by prominent global angel investors, expert sessions, research presentations on venture finance in Africa, and opportunities for investors to engage with early-stage startups ahead of DEMO Africa.
• US State DepartmentflagshipGTM or Marketing Partner · 15 September 2025Partner in the African Angel Investor Bootcamps initiative, providing support for mobilizing early-stage investors across Africa.
• VC4AfricacoreStrategic or Co-development Partner · 15 September 2025Partner organization for the African Angel Investor Bootcamps, contributing to investor education and startup ecosystem development.
• Intercontinental TrustminorStrategic or Co-development Partner · 15 September 2025Partner in the bootcamp series, providing expertise and resources for angel investor education in Africa.
• LIONS Africa PartnershipminorStrategic or Co-development Partner · 15 September 2025Partner organization supporting the African Angel Investor Bootcamps and startup ecosystem development across the continent.
• DEMO AfricaflagshipGTM or Marketing Partner · 15 September 2025DEMO Africa is one of Africa's largest startup pitch events. The bootcamps are organized ahead of DEMO Africa to mobilize early-stage investors for participation in the event.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• African Business Angel Network (ABAN): Pan-African umbrella body for angel networks that co-organizes the African Angel Investor Bootcamps with LAN. Directly comparable as a network of networks serving the same angel-investor and early-stage founder base across Africa.
• Voltron Capital: Africa-focused early-stage syndicate led by Olumide Soyombo, a LAN board member. Competes for the same Nigerian angel capital and pre-seed/seed deal flow, with overlapping founder audiences.
• Microtraction: Nigeria-based pre-seed fund offering structured early-stage capital to African startups. Similar target founders and angels as LAN, with a for-profit fund model that contrasts LAN's non-profit structure.
• LoftyInc Capital: Pan-African early-stage fund and accelerator operating across Nigeria and other African hubs. Comparable for sourcing seed-stage African deals and engaging the same angel community.
• Ventures Platform: Nigeria- and Africa-focused early-stage fund run by Kola Aina, a LAN board member. Overlapping investor networks and targeting of Nigerian founders seeking angel and seed capital.
• Ingressive Capital: Africa-focused early-stage venture firm investing in tech-enabled startups. Comparable in investor profile and Africa-focused seed-stage thesis to LAN's curated deal flow.
• Savannah Fund: Pan-African seed fund with strong East/West Africa presence supporting early-stage founders. Comparable in mandate to seed African startups through angel-style capital.
• Angel Investing Nigeria / Rising Tide Africa: Pan-African initiative mobilizing individual angels into formal investing networks. Direct peer in the mission of educating and deploying individual angels into African startups.

Emerging players

• Future Africa: Africa-focused pre-seed and seed platform investing in African founders with continent-wide deal sourcing. Overlaps with LAN in serving early-stage African founders seeking angel/pre-seed capital.

Others

• DEMO Africa: Africa's largest startup launch event and partner of LAN's bootcamp program. Comparable as an ecosystem platform connecting African founders with investors, and a key GTM partner for LAN's showcase pipeline.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lagos-angel-network
• Xx.com/EkoNetwork
• Facebookfacebook.com/ekonetwork

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lagos Angel Network