Seed funding of up to ₦2 million for early stage startups: Apply

·
February 1, 2017
·
1 min read
Business development - Closeup of hands holding seedling in a group

Yesterday, there was news floating about a group of individuals interested in investing the sum of ₦2 million in early-stage startups for a certain percentage of equity in the resulting company. One of the angel investors, Bamidele Aremu confirmed the news.

Coming together to form an angel investment group, the investors are quite keen to invest in app development or in technology-driven startups. In other words, the investment is not applicable to mere ideas but practical solutions that are already in existence.

Interested applicants are expected to send in a 5-page presentation to [email protected], stating their business SWOT, how they intend to expend the investment provided, their company history and projects completed, projection on profitability, shareholding offer, and any other relevant information that will help their pitch.

Shortlisted applicants will be called for an in-person pitch. After the pitch, successful applicants along with the angel investors will then proceed to agree on the value of equity to be exchanged for the investment before signing a non-disclosure agreement that ensures no discussion or ideas slip out.

Advertisement

It is not everyday you find a group of individuals who run their own businesses and are willing to invest in startups. So let’s hope that this proves useful to successful applicants.

Ifeanyi is a desk reporter-turned administrator. Outside of work, I love to read and travel.
Ifeanyi is a desk reporter-turned administrator. Outside of work, I love to read and travel.
Subscribe To Techpoint Digest
Join thousands of subscribers to receive our fun week-daily 5-minute roundup of happenings in African and global tech, directly in your inbox, hours before everyone else.
This is A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day! 
Digest Subscription

Give it a try, you can unsubscribe anytime. Privacy Policy.

Ifeanyi is a desk reporter-turned administrator. Outside of work, I love to read and travel.

Other Stories

43b, Emina Cres, Allen, Ikeja.

 Techpremier Media Limited. All rights reserved
magnifier