Cascador Launches $2m Fund For Nigerian Entrepreneurs

Cascador Launches $2m Fund For Nigerian Entrepreneurs

Cascador, Nigeria’s  accelerator for mid-stage entrepreneurs, has announced the launch of its Catalytic Fund, a $2 million annual initiative providing tailored financial support to Cascador alumni companies.

According to the organisation, the initiative will provide debt and equity funding to mission-driven alumni companies to accelerate growth and impact. Since its founding in 2019, Cascador said it has supported over 60 entrepreneurs who have collectively raised more than $55 million in capital.

“The Catalytic Fund addresses the persistent capital gap many Nigerian entrepreneurs face despite having viable, impactful businesses,” said Dave DeLucia, Founder of Cascador. “We’re deploying capital where it can truly be catalytic — powering growth, improving access to alternative funding sources, and enabling sustainable scale.”

Applications opened February 14, with finalists scheduled to present at a Pitch Day event on May 14, 2025. The Cascador pitches will be evaluated by an elite investment committee based on impact, business viability, and financial assessment, focusing on entrepreneurs creating jobs, delivering social impact, and unlocking opportunities for underserved communities.

Cascador has established partnerships with leading Nigerian financial institutions. Sterling Bank will provide blended financing solutions through a custom lending program tailored to alumni needs, The partnership aims to provide affordable and sustainable loans to Cascador alumni through flexible repayment structures around business cash flows.

 

Article first published here: Cascador Launches $2m Fund For Nigerian Entrepreneurs

Cascador Launches $2m Fund For Nigerian Entrepreneurs

Cascador launches $2m fund for Nigerian entrepreneurs

March 10, 2025

by 

Cascador, Nigeria’s accelerator for mid-stage entrepreneurs, has announced the launch of its Catalytic Fund, a $2 million annual initiative providing tailored financial support to Cascador alumni companies.

According to a statement, the initiative will provide debt and equity funding to mission-driven alumni companies to accelerate growth and impact. Since its founding in 2019, Cascador has supported over 60 entrepreneurs who have collectively raised more than $55 million in capital.

“The Catalytic Fund addresses the persistent capital gap many Nigerian entrepreneurs face despite having viable, impactful businesses,” said Dave DeLucia, Founder of Cascador. “We’re deploying capital where it can truly be catalytic — powering growth, improving access to alternative funding sources, and enabling sustainable scale.”

Applications opened February 14, with finalists scheduled to present at a Pitch Day event on May 14, 2025. The Cascador pitches will be evaluated by an elite investment committee based on impact, business viability, and financial assessment, focusing on entrepreneurs creating jobs, delivering social impact, and unlocking opportunities for underserved communities.

Cascador has established partnerships with leading Nigerian financial institutions. 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.

 

Article first published here: Cascador launches $2m fund for Nigerian entrepreneurs – The Nation Newspaper

Former Participant Amanda Etuk Joins Cascador as Program Director: “A Match Made in Heaven”

Former Participant Amanda Etuk Joins Cascador as Program Director: “A Match Made in Heaven”

The appointment marks a significant milestone in Cascador’s mission to develop transformational leaders in Nigeria. “I’ve always wanted to help people – it’s one of my personal values,” said Etuk, reflecting on her transition from participant to Program Director. “Being able to support entrepreneurs who face the same challenges I did, while working with an organization deeply committed to their success, feels like a match made in heaven. We’re not just providing funding; we’re building a sustainable ecosystem where entrepreneurs can thrive and pay it forward.”

“Amanda embodies everything we look for in both our participants and our team,” said Trish Thomas, Co-Director of Cascador. “Her experience as an entrepreneur, combined with her passion for supporting others and deep understanding of the Nigerian entrepreneurial ecosystem, makes her uniquely qualified to help shape the future of our program. Her appointment represents our commitment to not just developing great entrepreneurs, but creating a sustainable ecosystem of leaders who give back to their community.”

In her role as Program Director, Etuk will focus on enhancing program design, strengthening alumni support, and building a more robust entrepreneurial community. She brings a unique perspective to the position, having experienced the challenges entrepreneurs face firsthand. “Sometimes there are barriers between a founder and an investor, or a founder and a mentor,” Etuk explained. “But when you have a peer who understands what you’re going through, there’s no barrier to communication. In this role, I can be balanced and fair and communicate what is the greatest need for the entrepreneur at any given time.”

The significance of Cascador’s focus on Nigeria resonates deeply with Etuk. “Nigeria is the most populous black nation – one in four people of African descent is Nigerian,” she noted. “Imagine the impact we could have by supporting innovation in this country. We have Nigerians in the far reaches of society, and we want to have more positive messaging coming out of here. We want to talk more about our innovation, scale our support for enterprise, and create more opportunities for gainful employment. That does a lot for the continent and the world as a whole.”

Dave DeLucia, Founder of Cascador, emphasized the significance of having a former participant join the leadership team: “Amanda’s transition from participant to Program Director perfectly illustrates our mission of developing transformational leaders. Her insights will be invaluable as we continue to evolve our program to meet the needs of Nigerian entrepreneurs.”

Chidi Okoro, Cascador Co-Director and Head of Strategy at Lagos Business School, added: “Having refined our approach to supporting Nigerian startups over the past six years, bringing Amanda onto our team marks an exciting new chapter. Her understanding of both sides of the entrepreneurial journey will help us create even more meaningful connections between our curriculum and the market challenges our participants face.”

Looking ahead, Etuk has ambitious plans for expanding Cascador’s impact, drawing on lessons from her own experience in the program. “One thing I took away from Cascador that transformed me wasn’t just business advice – it was the importance of character in building something meaningful,” Etuk reflected. “How you respond to messages, how people feel after interacting with you, the discipline of timeliness – these soft skills are just as crucial as business acumen. You can get business information from anywhere, but watching someone personify the principles they teach is invaluable.”

“We’re looking forward to dramatically increasing our impact metrics, particularly in job creation,” she shared. “We currently have 35% female participation in Cascador programs over the last six years, and I’m excited to welcome even more women into our cohorts and alumni community. We want to create a renewed sense of achievement – almost like a badge of honor – to have become a Cascador. This is where you should be if you’re serious about building in Nigeria and creating impact.”

The appointment also represents a remarkable professional journey for Etuk herself. “Now I’m the program director for one of the largest impact investment funds in Africa – that’s pretty good growth,” she reflected. “I get to speak to some of the brightest minds in the Nigerian ecosystem, hear insights from top mentors, and learn about properly managing and financing organizations. These are insights that people pay thousands to get in MBA programs, and I got that through Cascador. Now I have the privilege of helping others access these same opportunities.”

About Cascador

Cascador is an annual, intensive program focused on developing mid-stage Nigerian entrepreneurs who are scaling mission-driven companies. Through a unique blend of education, mentoring, and personalized support, Cascador empowers entrepreneurs to make a positive impact through job creation, innovation, and development of opportunities for underprivileged and marginalized communities. Since its launch in 2019, Cascador alumni have collectively raised over $55M USD in capital and are actively transforming their communities for the better.

For more information about Cascador, visit www.cascador.org

For media inquiries and additional information, please contact:

Amanda Etuk
Program Director, Cascador
amanda@cascador.org
+234 2013309272

Article first published here: Former Participant Amanda Etuk Joins Cascador as Program Director: “A Match Made in Heaven” | TechCabal

Former Participant Amanda Etuk Joins Cascador as Program Director: “A Match Made in Heaven”

Firm gets new programme director

February 12, 2025 by 

Cascador, the preeminent accelerator programme  for mid-stage Nigerian entrepreneurs, has announced the appointment of Amanda Etuk as its new programme director.

According to a statement by the company, Etuk, a former Cascador participant and co-founder of Messenger, brings firsthand experience with the transformative impact to her new role. The appointment marks a significant milestone in the firm’s  mission to develop transformational leaders in Nigeria.

“I’ve always wanted to help people – it’s one of my values. Being able to support entrepreneurs who face the same challenges I did, while working with an organisation deeply committed to their success, feels like a match made in heaven.

We’re not just providing funding; we’re building a sustainable ecosystem where entrepreneurs can thrive and pay it forward,” she said.

Founder of Cascador, Dave DeLucia emphasised the significance of having a former participant join the leadership team.

“Amanda’s transition from participant to programme director perfectly illustrates our mission of developing transformational leaders. Her insights will be invaluable as we continue to evolve our programme to meet the needs of Nigerian entrepreneurs,” he said.

Etuk will focus on enhancing programme design, strengthening alumni support, and building a more robust entrepreneurial community.

 Co-director at Cascador,Trish Thomas said the new appointee’s experience as an entrepreneur, combined with her passion for supporting others and deep understanding of the Nigerian entrepreneurial ecosystem, makes her qualified to help shape the future of the programme.

Cascador’s co-director and head of strategy at Lagos Business School,Chidi Okoro  added that having refined their approach to supporting Nigerian startups over the past six years, bringing Etuk  onto the team marks an exciting new chapter.

Article first published here: Firm gets new programme director – The Nation Newspaper

Cascador supports Nigerian entrepreneurs with $50,000

Cascador supports Nigerian entrepreneurs with $50,000

29th January 2025

By Henry Falaiye

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. During its recent alumni meeting in Ikeja, the organisation emphasised its goal of fostering impact-driven entrepreneurship across the continent.

According to Cascador’s founder, Dave DeLucia, the programme is designed to empower entrepreneurs who are tackling societal challenges through innovative for-profit ventures. “Rather than offering grants or working through NGOs, we empower entrepreneurs to solve problems and create jobs. By developing leadership skills, financial acumen, and connections, we help them scale their impact and inspire a culture of philanthropy and community giving,” DeLucia said.

The Director of Cascador, Trish Thomas, highlighted improvements to the programme’s 2024 curriculum. Entrepreneurs now undertake practical projects, such as a three-week customer research initiative that allows them to apply their findings in real-world business scenarios. “Our curriculum now fosters deeper learning and a stronger bond among cohort members,” Thomas stated.

In a significant move, Cascador awarded $5,000 personal development stipends to each 2024 cohort member to support their growth amid Nigeria’s tough business environment. “It’s challenging to be an entrepreneur in Nigeria today with inflation, strict lending standards, and limited access to capital,” Thomas noted.

Cascador concluded its 2024 programme with a pitch day, awarding $50,000 in prizes to outstanding participants. Chioma Ifeanyi-Eze of Accountinghub won the $20,000 Impact Award for her Data Entry Academy, which promotes digital literacy across Africa. Godwin Benson of Tuteria received $20,000 as the Pitch Competition Winner for his innovative tutoring platform connecting students, including those with special learning needs, to skilled tutors. The $10,000 Exemplary Cascador Award went to Oluwaseyi Adefemi of Drive45 Mobility for his leadership and subscription-based vehicle ownership model.

Also, Cascador’s Programme Director, Amanda Etuk, said, “Through additional funding, we will provide substantial capital, ongoing education, and mentorship to our alumni. Our new initiatives will include annual loans and investment opportunities to help founders scale their businesses,” she revealed.

“Nigeria offers fertile ground for impact. Our faculty and mentors are inspired by the resilience and innovation of Nigerian entrepreneurs. By sharing expertise, connections, and capital, we hope to contribute to a thriving economy and a culture of giving back,” DeLucia concluded.

As Cascador prepares to deepen its engagement with alumni and enhance its 2025 programme features, it remains a beacon of support for entrepreneurs striving to create lasting impact in Nigeria and beyond.

Article first published here: Cascador supports Nigerian entrepreneurs with $50,000

Cascador 2024: Pioneering Africa’s Next Generation of Transformational Leaders

Cascador 2024: Pioneering Africa’s Next Generation of Transformational Leaders

In a year marked by unprecedented challenges and opportunities in Africa’s entrepreneurial landscape, the Cascador 2024 Program has emerged as a beacon of innovation and impact.

This transformative initiative brought together nine remarkable mid-stage entrepreneurs whose ventures are
reshaping industries and uplifting communities across Nigeria.

“What sets this cohort apart is their unwavering commitment to business excellence and making a positive impact,” notes Dave DeLucia, Cascador Founder.

“These entrepreneurs aren’t just building companies; they’re creating solutions that address critical challenges across Africa.”

From revolutionizing educational access to democratizing financial services for rural communities, the 2024 cohort exemplified the resilient and innovative spirit that defines African entrepreneurship.

Through an intensive 10 week program combining in-person education at Lagos Business School, virtual learning sessions, and one-on-one mentorship and advisory support, these visionary leaders have emerged equipped with enhanced capabilities to scale their impact.

Get inspired! Watch our 2024 Cascador Highlights Video

Celebrating Excellence: 2024 Award Recipients

The program’s culmination featured a dynamic pitch competition that showcased the cohort’s remarkable growth and vision. The distinguished panel of judges, including Ada Osakwe and Daniel Adeoye, recognized outstanding achievements across multiple categories:

  • Pitch Competition Winner ($20,000 USD): Godwin Benson, Tuteria For revolutionizing access to quality education through an innovative tutoring platform and curated tutor-student matching that particularly serves children with special learning needs.

“Tuteria’s approach to educational access isn’t just innovative—it’s transformational,” remarked Ada Osakwe, lead judge. “Godwin and his team have created a scalable solution that addresses one of our continent’s most pressing challenges: quality education for all.”

Reflecting on his win, Godwin Benson shared, “Through Cascador, we gained clarity on how to double our revenues in the short term and optimize our team dynamics.

The program helped us understand our core strengths, align team roles more effectively, and identify clear growth opportunities. We now have a strong roadmap for scaling our impact.”

  • Impact Award ($20,000 USD): Chioma Ifeanyi-Eze, Accountinghub For transforming digital literacy across Africa through Data-Entry Academy, empowering adults with crucial workplace skills.

“The most valuable part of Cascador for me, was improving the ability to tell my story,” said Chioma Ifeanyi-Eze. “Cascador makes you pitch, rewrite your story, and pitch again. It just helps you better appreciate what you are doing and the impact you’re making in society.”

  • Exemplary Cascador Award ($10,000 USD): Oluwaseyi Adefemi, Drive45 Mobility for outstanding leadership, collaboration, and innovative approach to democratizing vehicle ownership through subscription services.

“Cascador forced me to answer a simple but critical question: who is my primary customer,” reflected Seyi Adefemi. “As soon as I arrived at that epiphany, it changed everything. All of the energy I was expending chasing other things could now be conserved and channeled in the direction of where my customers really are.”

Transformational Impact Across Sectors

“What impressed me most about this cohort was their ability to build businesses to solve big problems that impact real people,” shared Iyin Aboyeji, Faculty Advisor, serial entrepreneur, and Founder of Future Africa.

“No valuation games. No building for Silicon Valley. Just true impact. Every entrepreneur displayed servant leadershipin building their solutions – each with their own story of strong resolve and sacrifice. All eager to learn. This is my 5th year and every year it gets better.”

The 2024 cohort represented a diverse cross-section of industries vital to Africa’s economic development:

Education & Workforce Development
  • Godwin Benson, Tuteria Democratizing access to quality education through personalized tutoring
  • Eyitayo Ogunmola, Utiva: Bridging the tech skills gap through virtual learning and talent placement
  • Chioma Ifeanyi-Eze, Accountinghub: Empowering professionals with digital workplace skills
Logistics & Mobility
  • Olawaseun Alley, Fez Delivery: Optimizing last-mile delivery services for businesses and individuals
  • Oluwaseyi Adefemi, Drive45 Mobility: Innovating vehicle access through subscription services
Financial Inclusion & Rural Development
  • Abiola Jimoh, XchangeBox: Bridging the rural-urban financial divide by connecting traders and farmers with tailored banking solutions
  • Amanda Etuk, Messenger: Revolutionizing vehicle financing and providing vital working capital to logistics operators

Healthcare & Essential Services

Program Impact and Growth

Chidi Okoro, Cascador Co-Director and Head of Strategy at Lagos Business School, emphasized the program’s evolution: “Over the past six years, we’ve refined our approach to supporting Nigerian entrepreneurs. This cohort has particularly excelled in leveraging our resources to strengthen their business models, improve their market understanding, and expand their impact.”

The intensive program structure proved particularly effective, as noted by Faculty Advisor Dee Abudu, Founder & CEO at Capricorn Digital (now Onafriq): “The combination of in-person education, advisory services, virtual learning, mentorship, and ongoing support has created a comprehensive development experience that
prepares these entrepreneurs for scale.”

Looking Ahead: Cascador 2025

“As we look to 2025, we’re excited to build on the success of this year’s program,” announced Trish Thomas, Co-Director of Cascador. “The achievements of our 2024 cohort have set a new standard for what’s possible when we invest in African entrepreneurship. Expect to see a strong expansion of Cascador’s engagement with and investment in the Nigerian entrepreneurial ecosystem in the near future.”

Applications for the 2025 cohort will open in April 2025. Interested entrepreneurs can learn more and register their interest on Cascador’s website.

About Cascador

The Cascador program stands at the forefront of developing transformational entrepreneurs across Africa.

Through a comprehensive 10 week program followed by 6 months of mentoring, Cascador provides mid-stage entrepreneurs with intensive resources, guidance and support to scale their ventures and amplify their social
impact.

Since its launch in 2019, Cascador has supported 60 entrepreneurs who have collectively raised more than $55M USD and created tens of thousands of jobs across Africa.

“Our vision extends beyond individual success stories or high-growth companies,” concludes Cascador Founder Dave DeLucia. “We’re building a network of transformational leaders who will shape Africa’s economic future. The 2024 cohort exemplifies this vision in action.”

Article first published here: Cascador 2024: Pioneering Africa’s Next Generation Of Transformational Leaders