Cascador, Nigeria’s premier accelerator for mid-stage entrepreneurs, has launched the Catalytic Fund, a $2m annual initiative designed to provide financial support to its alumni companies.
According to a statement made available to our correspondent by the firm on Monday, the fund will offer both debt and equity financing to mission-driven businesses and bridge the funding gap that many Nigerian entrepreneurs face.
The founder of Cascador Catalytic Fund, Dave DeLucia, stated that “we are deploying capital where it can truly be catalytic—powering growth, improving access to alternative funding sources, and enabling sustainable scale.”
DeLucia added that since its inception in 2019, it has supported over 60 entrepreneurs, collectively raising more than $55m in capital.
According to the statement, in a move to enhance access to affordable financing, Cascador has partnered with Sterling Bank to provide blended financing solutions through a custom lending programme tailored to the needs of its alumni.
The statement added, “Sterling Bank will provide blended financing solutions through a custom lending programme tailored to alumni needs. The partnership aims to provide affordable and sustainable loans to Cascador alumni through flexible repayment structures around business cash flows.”
The PUNCH reported that Cascador, a transformative programme for mid-stage entrepreneurs in Africa, has reaffirmed its commitment to empowering Nigerian entrepreneurs by offering significant financial support, leadership training, and networking opportunities.
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