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Effort catalystThe co-investment fund affiliated with Global Entrepreneurial Network Global EndeavorCollects a new 300 million dollar funds, its fifth and the largest fund to date, while it seeks to deepen its bet on high-growth startups across Africa, Latin America, the Middle East and Southeast Asia, Techcrunch learned.
The new fund, according to sources, is still in the first stages of fundraising. Its previous fund was its $ 292 million Fund IV in 2022. The company has already started early conversations with limited partners, including family offices, development financing institutions and technology founders through its global network.
In the event of success, the fund would bring to the workforce total catalyst assets to more than $ 800 million, which devotes its position as one of the actors of the most active company on emerging markets.
Endeavour Catalyst refused to comment on the fundraising activity.
The fundraising occurs at a time when many emerging investors markets face opposite winds: slow outings, fewer follow -ups and a constrained world capital environment. But Endeavor Catalyst, bet that its model can resist the slowdown and the scale of promising and well -established companies in these markets.
The company, trained in 2012, resolves a persistent gap in venture capital on market development: access to financing of the growth stage. Unlike traditional VCs, Endeavor Catalyst only makes founders selected by Endeavour Global – “Entrepreneurs with high impact”, calls them. It participates in equity cycles of at least $ 5 million (generally at the stages of the series A to C) and invests alongside other institutional VCs.
Endeavor Global identifies early the founders of Breakout, provides them with global mentorship and access to the market, then supports them (with a Endeavor catalyst) when they intend to raise capital, without directing or fixing conditions (the fund does not lead to towers or does not take seats).
Linda Rottenberg, who co -founded the organization in 1997, saw something that most investors did not do: that the founders neglected in the emerging and border markets could build large companies if they had law. This early conviction, which started in Latin America, laid the foundations for a global network which helped to evolve hundreds of businesses long before investors pay attention to their markets.
Until now, the thesis seems to bear fruit.
Through four funds, Endeavor Catalyst collected more than $ 540 million and made more than 360 investments in 34 countries. This portfolio includes 63 companies now evaluated at more than $ 1 billion, including the initiate of Turkey, the Nigeria Flutterwave, the Rappi of Colombia, the tabby of the United Arab Emirates and the Indonesia Carro.
Endeavor Catalyst also supports startups in less active start-up ecosystems in the United States and Europe. AI position AI Startup Elevenlabs, the Jobandtalent Spanish employment platform and American altruists are some names.
The fifth fund of Endeavor Catalyst is launched in a very different climate from its predecessors. After a year of boom in 2021, world venture capital has slowed considerably from 2022 to 2024, with numerous cross-investors who release and the monitoring capital drying in the emerging markets.
However, the investor based in New York remained unusually active, especially last year. In the fourth quarter of 2024, the company completed 13 new investments in seven markets, it is the third most active quarter, according to its annual report.
The performance of the fund to date has also helped to strengthen credibility. More than 30 of its portfolio companies are released via an IPO, providing yields and proving that high-growth results are possible in markets outside the United States, China, Europe and India. Names like the Uruguay Dlocal, the Cornershop of Chile and the Instadeep of Tunisia come to my mind.
However, the success of catalyst in catalyst is important beyond its own yields. As one of the rare global VCs with a mandate of purely emerging markets and an integrated supply advantage, it plays a disproportionate role in the prouvance of technological markets outside the Silicon Valley.
Endeavour Catalyst is supported by eminent investors and founders, notably Bill Ford, Bill Ackman, Michael Dell, Pierre Omidyar and Reid Hoffman.
Likewise, the founders and “Entrepreneurs Endeavour”, notably Marcos Galperin (Mercadolibre), David Velez (Nubank) and Marcin Zukowski (Snowflake), are also limited partners (30% of LPs through the first four funds are also “Entrepreneurs Endeavor.”)
Companies like General Atlantic, Tiger Global, Qed Investors, Kaszek Ventures, Prose Ventures and Peak XV and STV are local and international co-investors in its startups.
