A funding program that provides financial support to startups, including a ₦2 billion grant to Drive45 for scaling operations.
How Drive45’s ₦2B Cascador win is supercharging vehicle access in Africa
Seyi Adefemi founded Drive45, a rent-to-own vehicle platform, which has generated ₦1.5 billion in annual revenue. Drive45 received ₦2 billion in funding from Cascador, marking the largest single award in the program's history.
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.
