Cascador Invests Over $5 Million in 7 Promising Nigerian Ventures

At its second annual pitch day, growth-stage platform Cascador announced the deployment of over $5 million in funding to seven innovative startups building businesses with social impact. The event showcased entrepreneurs pitching their visions and strategies before a distinguished audience of business leaders.

The funding recipients included:

• Agriarche: Secured $1.7 million debt funding
• Koolboks: Banked $1.4 million debt
• Powerstove: Received $1.2 million debt funding
• First Electric: Raised $357,000 debt
• Fortics: Obtained $142,000 debt
• Stears: Secured $450,000 equity funding
• Indigenius AI: Received $250,000 equity investment

The investments underscore Cascador’s commitment to supporting high-potential African entrepreneurs. Since its founding in 2019, the company has backed over 60 founders who have collectively raised more than $55 million in capital.

“In just two years, Pitch Day has awarded over $9 million to growth-stage African founders,” noted Dave DeLucia, founder of Cascador. “We’re now seeking our next cohort for the 2026 ScaleUp program and look forward to seeing them present at future events.”

The largest funding recipient, Agriarche, highlighted the value of Cascador’s support: “The ScaleUp program helped us refine our messaging, adapt our strategy, and build resilience. The Catalytic Fund’s due diligence process validated our potential for scale and impact by awarding a new NGN2.5 billion credit facility.”

With its unique blend of financial backing, mentorship, and community support, Cascador is playing a vital role in nurturing the next generation of African tech leaders.