Wednesday, March 03, 2021 UTC
Recognized by industry leaders for extensive coverage on African Asset Management
News > Private Equity > Fundraising

Endeavor Catalyst raises $134m for Fund III

Staff writer
Sept. 28, 2020, 9:41 p.m.

Word count: 375

Endeavor Catalyst has announced the final closing of Fund III, a $134m venture capital fund through which it plans to continue to invest in Endeavor Entrepreneurs in emerging and underserved markets globally. 

Receive ONE magazine and TWO locked articles of your choice for FREE when you register an account
Share:

Endeavor Catalyst has announced the final closing of Fund III, a $134m venture capital fund through which it plans to continue to invest in Endeavor Entrepreneurs in emerging and underserved markets globally. 

Since launching Endeavor Catalyst in 2012, the fund has invested into over150 Endeavor Entrepreneur-led companies across 30 different markets.

This $134m Fund III represents Endeavor Catalyst’s largest fund to date, surpassing the $120m target goal that had originally been set.

It also brings Endeavor Catalyst’s total assets under management up to $250m.

“Reaching $250m in AUM is an amazing milestone,” said Linda Rottenerg, Endeavor’s co-founder and CEO.

“I couldn’t be more proud of this amazing Endeavor team of 500+ people around the world who make this all possible. When we created Endeavor Catalyst eight years ago, we had a big dream: to build the world’s most founder-friendly investment fund that could be truly of, by and for entrepreneurs. Today, we are well on our way to making that dream a reality!”  

Endeavor Catalyst is backed by some of the world’s leading entrepreneurs and investors, including Reid Hoffman (LinkedIn), Michael Dell (Dell Technologies), and Pierre Omidyar (eBay), as well as General Atlantic’s Bill Ford and Pershing Square’s Bill Ackman.

Endeavor Catalyst Managing Director Jackie Carmel said that that fund has also become “a powerful platform for Endeavor Entrepreneurs to reinvest their success in their peers,” with more than 60 Endeavor Entrepreneurs as investors in this latest fund. Across Europe, the Middle East and Africa (EMEA), dozens of Endeavor Entrepreneurs have also joined Fund III as LPs, including the founders of Careem, Yemeksepeti.com, Property Finder, Checkout.com, Softomotive, Moneyfarm, and Flutterwave, among others.

With this new fund, Endeavor Catalyst plans to continue to co-invest in the Series A, B and C rounds of Endeavor Entrepreneurs — partnering with some of the world’s leading venture capital and grown equity funds as co-investment partners.

“We are proud to have at least one investor from every single country where Endeavor operates, and we hope soon to be able to say that have at least one investment in every Endeavor market as well,” said Managing Director Allen Taylor.

“We hold a deep conviction that entrepreneurial talent is globally distributed, and that this talent can build multi-billion dollar ‘scale-up’ companies everywhere.”

Registration Login
Sign in with social account
or
Lost your Password?
Registration Login
Sign in with social account
or
Registration Login
Registration