Africa-focused entrepreneurship platform Cascador has deployed more than $5 million in growth capital to seven high-impact startups, underscoring growing investor confidence in Nigerian entrepreneurs despite economic headwinds.
The funding was announced at Cascador’s second annual Pitch Day held in Lagos, where over 300 investors, lenders, mentors and business leaders gathered to engage with founders building solutions in agriculture, clean energy, financial intelligence, artificial intelligence and technology.
The largest funding package went to Agriarche, an agribusiness company led by Deina Mayaki, which secured a $1.7 million debt facility. Other beneficiaries included Koolboks, which received $1.4 million; Powerstove, $1.2 million; First Electric, $357,000; and Fortics, $142,000. Data and intelligence company Stears secured $450,000 in equity funding, while AI startup Indigenius AI received $250,000 in equity investment.
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The investments were made through Cascador’s Catalytic Fund, which provides up to $5 million
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