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Midlothian Angel Network
Midlothian Angel Network (Midlo Angels) is a dynamic cross-border investment network headquartered in Dallas, Texas, with operations in Africa.
Midlothian Angel Network
Midlothian Angel Network (Midlo Angels) is a dynamic cross-border investment network headquartered in Dallas, Texas, with operations in Africa. It connects diaspora investors with high-impact startups across technology, real estate, and sustainability sectors. Members invest in seed and early stage businesses, primarily startups solving Africa’s challenges using creativity and tech. Its mission is to democratize access to venture capital through strategic funding, mentorship, and leadership programs.
General information
Firm type
Generalist
Year founded
2021
Location
Region
North America
Country
United States
City
Dallas
Corporate office
Dallas, TX, United States
Principals
Wale Salami
Founder/Executive Director
Tomie Balogun
Board Chair
General Christopher G. Musa (Rtd.)
Deputy Chair
Altss tracks 1 additional named team member for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Midlothian Angel Network?
The network operates under Founder and Executive Director Wale Salami, with deal screening and member investment decisions guided by a Board of Governors chaired by Tomie Balogun. The board includes retired Nigerian Chief of Defence Staff Christopher G. Musa as Deputy Chair, alongside legal, accounting, and non-profit professionals. Individual angel members make their own final investment decisions after pitches facilitated by the network.
How does Midlothian Angel Network source proprietary deal flow?
Midlo Angels leverages its Texas- and Africa-based membership to source startups directly, with a stated focus on entrepreneurs solving challenges on the African continent. The network also maintains relationships with incubators and industry associations such as the Stanford Alumni Fund and Harvard Business School Alumni Angels Association, which widen its deal pipeline. The firm's partnership with the International Finance Corporation adds further institutional referral channels.
Does Midlothian Angel Network participate in fund commitments or only direct deals?
Primarily direct deals and special purpose vehicles. The network presents individual startup opportunities to its members for direct co-investment and cites specific portfolio positions in companies like Prembly, Natilus, and Regxta. In December 2025, it launched Midlo Credit Inc. after acquiring Kingdom Partners Credit Society, signaling an expansion into private debt allocations alongside direct equity.
What is Midlothian Angel Network's known posture on co-investments alongside external GPs?
Midlo Angels actively partners with institutional co-investors. The firm names the International Finance Corporation as a strategic co-investor and maintains an open network model where members and external venture funds can participate in the same rounds. The network's board and membership structure positions it as a syndication partner rather than a competitive lead investor in most transactions.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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