Dear Esteemed LAN Members,

From the Desk of the Executive Director

There is a particular kind of satisfaction that comes from a quieter month.

Q1 gave us a lot to celebrate. The successful close of the Lagos Angel Fellowship Cohort 2. A members' meetup that brought LAN into the same room as angels from across the continent and beyond. It was expansive, energising, and a reminder of how far this network has come.

April was different. April was the work.

We sat with our angels in the deep dive sessions. We brought in founders and, real conversations were had. Founders defended their numbers. Angels prodded. Capital moved. And watching it happen, you could see something that made it all worthwhile: the disposition of the angels who had come through our fellowship. The eagerness. The sharpness. The sense that these were not people making instinctive bets in the dark, these were investors exercising judgement. Our angels put their money where their mouths are.

We evaluated multiple startups this month. We raised. And we were reminded, as we are reminded every time we do this properly, that our purpose beyond the coming together, the education, and the community, as valuable as all of these are. It is this. Getting capital into the hands of the right founders at the right time.

In May, we carry that same spirit forward. Doubling down. Expanding our network. Sourcing quality deals. Doing our part, quietly, deliberately, to shape the future of early stage investing in Africa.

Dr. Solomon King Executive Director, Lagos Angel Network

What Happened in April

Microsoft for Startups: Unlock Enterprise Sales

As a member of the Microsoft for Startups Investor Network, LAN and our founders gained access to an exclusive session on go-to-market strategy for startups — specifically how to leverage Microsoft's ecosystem to unlock enterprise sales, accelerate AI development, and close deals at scale. A practical, high-value session for any founder preparing to move from product to production.

American Business Council: Domestic Venture Capital Roundtable

On April 15th, LAN was invited to a roundtable hosted by the American Business Council at Amazon's Victoria Island office, themed Driving Local Financing in an Evolving Policy Landscape.

The session brought together stakeholders from government, industry, and the investment community to examine how recent policy shifts are shaping the flow of domestic venture capital in Nigeria, and what that means for local investors and the founders they back.

For a network like LAN, this conversation sits at the heart of our mission. Building a culture of local angel investing in Nigeria is not just about finding the right deals, it requires an enabling environment that makes it easier for capital to move from local investors to early stage founders. We were glad to be in the room.

ACR Global: Franchise Brand Experience Dinner

Last month we attended a thoughtful evening hosted by ACR Global at Lagos Modern Villa, a cross-section of operators, investors, and builders gathered around one idea: franchising as a vehicle for taking African businesses global. The room included Mazi Sam Ohuabunwa, Adedotun Sulaiman, and Adly Gamgoum, with LAN members Tito Philips, Adegboyega Kazeem, and Owen Iyiewuare representing well.

What stayed with us most from the room: even among experienced people, angel investing still sits at different levels of understanding. Some are discovering it for the first time. Others are simply glad there is now a structure to what used to be an informal, instinctive way of backing founders. That gap is exactly where LAN has leaned in, bringing shape to capital, discipline to conviction, and community to what used to be a solo sport.

Looking Ahead: May 2026

Lunch and Learn | 21st May 2026

Due Diligence for Angels: What Actually Matters

Understanding what drives a startup's ability to win.

This instalment of our Lunch and Learn series is a special one. Beyond the framework discussion, we will have founders from two compelling sectors pitching live in the room — allowing our members to apply due diligence thinking in real time.

Feegor: An AI-powered B2B wholesale marketplace and SaaS platform helping African SMEs optimise product sourcing and access credit. Feegor has demonstrated strong traction with $15M in GMV and 45,000 onboarded businesses. Our evaluation process has surfaced questions worth exploring together in the room.

Periculum: A fintech startup providing an AI risk platform for African banks and a financial app for migrants. A dual-market play with significant implications for how credit and risk are assessed across the continent.

Two sectors. Two founders. One room. Come prepared to ask the hard questions.

→ Register here: https://luma.com/q15kbj68