Effort catalystThe co-investment fund, affiliated with Global Entrepreneuris Network Global EndeavourIt is raising a new $ 300 million fund, its fifth and largest background, as it seems to deepen the great growth startups throughout Africa, Latin America, the Middle East and Southeast Asia, according to Techcrunch.
The new fund, according to sources, is still in the early stages of fundraising. Its previous fund was its IV of $ 292 million closed by 2022. The firm has already begun early conversations with limited partners, including family offices, development funding institutions and technological founders of its global network.
If successful, the fund would have the total assets of CTALYST management to exceed $ 800 million, further cemented its position as one of the most active risk players in emerging markets.
The effort catalyst refused to comment on the fundraising activity.
The fundraising comes at a time when many emerging markets risk investors face headers: slow outings, fewer monitoring rounds and a restricted global capital environment. But Endeavour Catalyst is betting that their model can cause the promising and well -established falls and companies in these markets.
The firm, formed in 2012, resolves a persistent lag in risk capital in developing markets: access to growth financing. Unlike traditional VCs, Catalyst Endeavour only invest in founders selected by the Global Endeavour network: “High impact entrepreneurs”. Participate in capital rounds of at least $ 5 million (usually in the A -A -series stages) and invest alongside other institutional VCs.
Endeavour Global identifies the founders of Breakout Early, provides them with a global tutoring and a market access, and then supports them (with the Endaavour catalyst) when they intend to collect capital, without having or establishing terms (the fund does not drive or makes rounds or makes seats).
Linda Rottenberg, who co -founded the organization in 1997, saw something that most investors did not do this: this happened to the founders of emerging and border markets could build large companies if they had the right support. This early conviction, which began in Latin America, laid the foundations for a global network that has helped climb hundreds of companies long before investors were careful in their markets.
So far, the thesis seems to pay.
In four funds, Endeavour Catalyst has raised more than $ 540 million and has made more than 360 investments in 34 countries. This portfolio includes 63 companies now valued in more than $ 1 billion, including Insider Turkey, Flutterwave of Nigeria, Colombia Rappi, Colombia Tabby and Indonesia’s Car.
Endeavour Catalyst also supports the least active startup ecosystems in all United States and Europe. The start -up of the Polish Ia, Elebs, the Jobandtalent Spain work platform and the altruists of the United States are some names.
The fifth fund of Endeavour Catalyst will be launched in a very different climate than its predecessors. After a year at the rise in 2021, world -class risk capital was significantly reduced to 2022 in 2024, and many Crossover investors retired and followed capital in emerging markets.
However, the New York investor has remained unusually active, especially last year. In the fourth quarter of 2024, the firm completed 13 new investments in seven markets, the third most active quarter in history, according to its annual report.
Fund performance so far has also helped create credibility. More than 30 of their portfolio companies have come out through IPO or acquisition, providing yields and showing that the results of great growth are possible in the markets outside the United States, China, Europe and India. They come to their names such as the Dlocal of the Uruguay, the Cornershop of Chile and the Instatep of Tunisia.
However, the success of the Endaavour Catalyst is important beyond its own returns. As one of the few World VCs with a purely emerging mandate and an integrated advantage, plays a small role in demonstrating the investment of technological markets outside of Silicon Valley.
Endeavour Catalyst has the support of outstanding investors and founders, including Bill Ford, Bill Ackman, Michael Dell, Pierre Omidyar and Reid Hoffman.
Similarly, the founders and “Endeavour entrepreneurs”, including Marcos Galperin (Mercadolibre), David Velez (Nubank) and Marcin Zukowski (Snowflake), are also limited partners (30% of LPS in the first four funds are also “entrepreneurs”.
Companies like General Atlantic, Tiger Global, Qed Investors, Kaszek Ventures, Prosus Ventures and Peak XV and STV are frequent local and international co-speakers in their startups.
