Hub, Investor, News

Cafe Neo And Big Cabal Media Get $250,000 From Lagos Angel Network

May 31, 2016

Lagos Startup DealDay which has event put together by the Lagos Angel Network saw two recipients get $250,000 from its maiden edition. These ventures are Cafe Neo and Big Cabal Media.

Although the event took place on March 31, 2016, the names of the recipients were not released until of recent.

One recipient Cafe Neo, is major player in the coffee chains space in Nigeria and currently have eleven outlets spread across the commercial city of Lagos.

The other, Big Cabal Media is the media company responsible for online like TechCabal, Zikoko and Radar. No doubt they have shown how the power of the media can be used for good as was they were instrumental to the enlightenment of Nigerians about the Ebola Virus, with the creation of EbolaFacts.

Lagos Startup DealDay is a quarterly investment process run by the Lagos Angel Network (LAN). It brings together LAN members, other angel investors and Lagos startup ecosystem players in a process where the very best startup ventures (across sectors) are guaranteed funding. Using Lagos StartUp DealDays as a vehicle, LAN is targeting to raise N100 million from its members and the early stage investment community for Lagos startups during 2016.

The second edition of the Lagos StartUp DealDay is set to take place June 30, 2016 and interested startups can apply here.

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