Key Takeaways
- • Endeavor Catalyst closed an oversubscribed $320 million Fund V, its largest fund to date and roughly 10 times the size of its first fund, lifting total assets under management above $850 million.
- • More than 120 Endeavor Entrepreneurs invested in Fund V, including founders of Nubank, Revolut, LinkedIn, Snowflake, Checkout.com, Globant and Careem.
- • The fund follows a rules-based co-investment model that takes a 10% stake in each funding round, which Endeavor says could support at least $3.2 billion in aggregate financing for its entrepreneurs.
- • Fund V targets founders in emerging and underserved markets, with named examples including Cashea (Venezuela), Midas (Türkiye), Preply and Replit, as well as EnduroSat (Bulgaria) on the European side.
- • Endeavor reports more than 400 investments since its first check in Argentina's Globant and 83 portfolio companies valued at $1 billion or more.
Summary
Endeavor Catalyst has closed Fund V at an oversubscribed $320 million, according to the firm's announcement as reported by CryptoRank. The vehicle is the firm's largest to date and about ten times the size of its first fund. With Fund V, Endeavor Catalyst's total assets under management exceed $850 million.
The fund's limited partner base is drawn largely from the Endeavor network. More than 120 Endeavor Entrepreneurs invested, including founders of Nubank, Revolut, LinkedIn, Snowflake, Checkout.com, Globant and Careem. Endeavor mentors, board members and other limited partners also participated.
Fund V will continue Endeavor Catalyst's rules-based co-investment strategy. The firm invests alongside founders in a funding round, taking 10% of each round. On that basis, Endeavor estimates the fund could support at least $3.2 billion in aggregate financing for entrepreneurs across its network. The firm's stated focus is emerging and underserved markets, as well as founders from those markets who are building global businesses. Endeavor cited Cashea in Venezuela, Midas in Türkiye, and Preply and Replit as examples. Coverage by tech.eu highlighted the fund's European exposure, including EnduroSat, founded in Bulgaria. A separate report noted a stepped-up Asia focus alongside the raise.
Endeavor Catalyst has written more than 400 checks since its first investment in Argentina's Globant. Endeavor says 83 portfolio companies are now valued at $1 billion or more. The firm was also structured so that its profits return to the nonprofit Endeavor, which Endeavor describes as a route to financial self-sustainability by investing in the entrepreneurs it supports. Half of the profits are directed back to the nonprofit, according to the firm's materials.
The fund's limited partner base is drawn largely from the Endeavor network. More than 120 Endeavor Entrepreneurs invested, including founders of Nubank, Revolut, LinkedIn, Snowflake, Checkout.com, Globant and Careem. Endeavor mentors, board members and other limited partners also participated.
Fund V will continue Endeavor Catalyst's rules-based co-investment strategy. The firm invests alongside founders in a funding round, taking 10% of each round. On that basis, Endeavor estimates the fund could support at least $3.2 billion in aggregate financing for entrepreneurs across its network. The firm's stated focus is emerging and underserved markets, as well as founders from those markets who are building global businesses. Endeavor cited Cashea in Venezuela, Midas in Türkiye, and Preply and Replit as examples. Coverage by tech.eu highlighted the fund's European exposure, including EnduroSat, founded in Bulgaria. A separate report noted a stepped-up Asia focus alongside the raise.
Endeavor Catalyst has written more than 400 checks since its first investment in Argentina's Globant. Endeavor says 83 portfolio companies are now valued at $1 billion or more. The firm was also structured so that its profits return to the nonprofit Endeavor, which Endeavor describes as a route to financial self-sustainability by investing in the entrepreneurs it supports. Half of the profits are directed back to the nonprofit, according to the firm's materials.
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