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.

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.

It functions as an open angel-investor network, not a single-family office or a closed venture fund. Members join to co-invest alongside each other, typically in early-stage seed rounds across technology, real estate, and sustainability. The network does not commingle member funds into a blind pool—each member decides individually which deals to participate in, though Midlo Angels may form SPVs for specific investments.

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.

The network explicitly screens for early-stage, seed, and startup companies with the potential for rapid, scalable growth over a reasonable timeframe. It evaluates for proprietary technology or market barriers, strong management teams, and a credible exit strategy. Later-stage growth rounds appear only occasionally, typically in existing portfolio companies.

The network maintains two affiliated foundations—JOCAC Foundation and STEMHub Foundation—that operate separately from the for-profit angel activity. These foundations focus on community development and STEM education outreach, providing a parallel track for social impact without commingling charitable assets with member investment vehicles.

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.