Cascador Launches USD 2 M Catalytic Fund To Support Nigerian Entrepreneurs

Cascador, a Nigeria-based accelerator for mid-stage entrepreneurs, has unveiled the Catalytic Fund, a USD 2 M annual initiative aimed at bridging the funding gap for its alumni. Since launching in 2019, Cascador boasts supporting 60+ entrepreneurs, who have collectively raised over USD 55 M in capital.

The fund is designed to power growth, improve access to funding, and drive sustainable scaling for Nigerian businesses. Founder Dave DeLucia emphasised its focus on job creation, social impact, and unlocking opportunities for underserved communities.

Applications opened on February 14, with finalists pitching on May 14, 2025. An elite investment committee will evaluate businesses based on impact, viability, and financial sustainability.

Cascador has partnered with Nigerian lender Sterling Bank to offer alumni custom lending solutions with flexible repayment terms tailored to business cash flows. Additionally, the Nigeria Sovereign Investment Authority (NSIA) and Development Bank of Nigeria (DBN) will sponsor innovation prizes of USD 10 K and USD 5 K, respectively, at the Pitch Day event.

Unlike traditional venture funds, the Catalytic Fund emphasises it prioritises long-term impact over profits, ensuring capital is preserved for future Cascador alumni.