Cascador Unveils $2 Million Fund to Support Nigerian Entrepreneurs
Cascador, Nigeria’s leading accelerator for mid-stage entrepreneurs, has launched the Catalytic Fund, a $2 million annual initiative designed to provide financial support to its alumni businesses. This fund aims to bridge the financing gap that many Nigerian entrepreneurs face, offering both debt and equity funding to help businesses scale and sustain growth.
Supporting Mission-Driven Businesses
Founder of the Cascador Catalytic Fund, Dave DeLucia, emphasized the importance of deploying capital where it can be truly impactful. “We are deploying capital where it can truly be catalytic—powering growth, improving access to alternative funding sources, and enabling sustainable scale,” he stated.
Since its inception in 2019, Cascador has supported over 60 entrepreneurs, who have collectively raised more than $55 million in capital. The new fund will further strengthen its mission by providing alumni businesses with affordable financing options.
Partnership with Sterling Bank for Affordable Loans
To improve access to funding, Cascador has partnered with Sterling Bank to offer blended financing solutions. This partnership introduces a custom lending programme tailored to the specific needs of Cascador alumni, ensuring they receive loans with flexible repayment structures.
Sterling Bank’s involvement will help entrepreneurs access sustainable financial support without the burden of high-interest rates, making it easier for them to expand operations, create jobs, and drive economic growth in Nigeria.
We are deploying capital where it can truly be catalytic—powering growth, improving access to alternative funding sources, and enabling sustainable scale.” – Dave DeLucia, Founder of Cascador Catalytic Fund.
A Commitment to Empowering Nigerian Entrepreneurs
Cascador remains dedicated to empowering Nigerian entrepreneurs by not only providing financial support but also offering leadership training and networking opportunities. The initiative is expected to help businesses scale efficiently while ensuring long-term success.
The $2 million Cascador Catalytic Fund is a game-changer for Nigerian entrepreneurs looking for financial support to expand their businesses. With flexible loan options through Sterling Bank and a commitment to fostering sustainable growth, this initiative presents a valuable opportunity for mid-stage businesses to thrive. Nigerian entrepreneurs are encouraged to take advantage of this fund to scale their businesses, drive innovation, and contribute to economic development.
