Cascador is launching a $2 million fund for its alumni startups
- African startups raised $2.01 billion across 182 deals in 2024, a 31% decrease from the previous year.
- Cascador is establishing a $2 million Catalytic Fund to support mid-stage entrepreneurs facing funding challenges.
- Cascador has supported over 60 entrepreneurs since its founding in 2019, helping them raise more than $55 million in capital.
The establishment of the Catalytic Fund by Cascador is a significant step towards addressing the funding gap for mid-stage entrepreneurs in Africa. This initiative not only provides essential financial resources but also emphasizes the importance of social impact and job creation, which are critical for sustainable economic growth in the region. Further discussions could explore how similar models can be replicated across different sectors and regions to foster innovation and entrepreneurship.
