Cascador, an accelerator dedicated to scaling African enterprises, has unveiled a $2 million fund to support Nigerian entrepreneurs. The fund is aimed at helping high-potential founders grow their businesses and create sustainable impact within their communities.
The new fund will provide seed and early-stage capital to Nigerian startups and SMEs across various sectors, including technology, healthcare, agriculture, and financial services. In addition to funding, beneficiaries will receive access to Cascador’s mentorship network, leadership training, and business development resources.
Speaking on the launch, Cascador co-founder Matt Seely emphasized the organization’s commitment to empowering local entrepreneurs who are building scalable solutions to Africa’s most pressing challenges.
“The $2 million fund is part of our broader mission to accelerate growth-stage businesses and equip founders with the tools, mentorship, and capital they need to drive meaningful change,” Seely said.
Cascador, known for its intensive accelerator programs, has been actively supporting African entrepreneurs since 2019. Its model combines executive coaching, access to global mentors, and growth capital to position founders for long-term success.
The fund comes at a crucial time when access to early-stage financing remains a key hurdle for many Nigerian startups, despite the country’s growing reputation as one of Africa’s leading innovation hubs.
Applications for the Cascador accelerator program and funding are now open, with selected founders set to benefit from personalized guidance and strategic investment to help them scale their ventures.
