Midlothian Angel Network

Connecting Startups to Angel Investors

Trusted by Startups and VCs

Empowering Visionaries, Fueling Innovation

Midlothian Angel Network (Midlo Angels) is a dynamic cross-border investment network headquartered in Dallas, Texas, with operations in Africa. Recognized as one of the fastest-growing angel networks in North America and among the top seven in Africa, Midlo Angels connects diaspora investors with high-impact startups across technology, real estate, and sustainability sectors.

With about $2 million in assets under management (AUM) and a combined portfolio valuation exceeding $500 billion, the network’s portfolio includes leading companies such as Prembly, OpenAI, CDcare, Databricks, Regxta, Natilus, Mainstack, and Fit:Match, among others.

Apply for Funding

Read about our investment evaluation process and submit application and pitch deck.

Become an Angel

Enjoy the benefits of investing with other experienced angel investors at multiple levels of participation.

Meet Our Team

Board of Governors

Wale Salami

Founder/Executive Director

Tomie Balogun

Board Chair

Olafadeke Akeju

Board Member

Frequently Asked Questions

An Angel investor is a high-net-worth individual who invests in early-stage tech startups. Angel investors provide capital to early-stage companies in exchange for equity or debt. MAN allows the angels to increase their access to investment opportunities and diversify their investment portfolio through its different member categories.

MAN uses the following criteria in selecting companies to present to the network:

• Early-stage companies that offer high opportunities for high returns on investment.

• A business opportunity with the potential for rapid, scalable growth within a reasonable time frame.

• A compelling, well-articulated strategy for capturing and defending a significant market share.

• Proprietary technology, early market lead, or other strong barriers to entry.

• A strong management team to execute the business plan with relevant and successful experience.

• A credible exit strategy for investors.

• A team with a desire for mentoring and coaching

• A reasonable valuation that fits within the risk/reward expectations of our members.

Yes. Following the investment, Midlo Angels will be available to assist the founders in a number of ways. MAN angels can help identify and assess management candidates and board members.

They can help craft the company’s financial strategy in raising follow-on capital, and assist with customer acquisition and alliance building.

They can also assist with issues involving organizational structure, sales, marketing, and distribution strategies, and other challenges entrepreneurs face in building a strong company.

In addition to MAN members, the angel network has relationships with other organizations and incubators that are available to further assist entrepreneurs, and those support services would be made available to the early-stage company as well.

Angel investing is RISKY, which is why the rate of return is HIGH. Investments by angels are LONG-TERM, typically taking 5 – 7 years on average (could be less) to realize a return on investment, aka EXIT.

Investors Update

Prembly Completes Merger

We have gotten the board’s approval for a complete merger with Peleza.

Prembly: Fastest growing Identity Verification company in the Emerging market.
Peleza: Biggest background check company in East Africa.

Midlo Angels Welcomes Dr. Roti Balogun & Tosin Omotayo as Board Members

As Major (Rtd.) Adebayo Adeleke, Dr. Addy Olubamiji, and Paul Sasaenia Oluwabunmi transition to the Advisory Council, the Board welcomes Dr. Roti Balogun and Tosin Omotayo to strengthen Midlo’s gov... Read More

Midlo Angels Appoints Temitayo Ade-Oshifogun as Deputy Chair of Its Investment Committee

Succeeds Paul Sasaenia as Deputy Chair… Read More

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