Endeavor Catalyst, the co-investment arm of Endeavor Global, is in the early stages of raising a $300 million fund — its largest to date.
If completed, the raise would push the firm’s total assets under management past $800 million.
A bet on high-growth startups in underserved regions
Endeavor Catalyst plans to continue its mission of backing startups across Africa, Latin America, Southeast Asia, and the Middle East. Unlike traditional VCs, it invests exclusively in founders selected by the Endeavor Global network and participates in equity rounds of $5 million or more without leading them or taking board seats.
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Backed by high-profile names and institutions
Founded in 2012, Endeavor Catalyst has raised over $540 million across four funds and invested in more than 360 companies across 34 countries — including unicorns like Rappi, Flutterwave, Tabby, and Carro. Notable backers include Bill Ackman, Pierre Omidyar, Reid Hoffman, and Michael Dell. About 30% of LPs in previous funds are Endeavor-backed founders themselves.
Staying active in a cooling VC climate
Despite global VC slowdowns, Endeavor Catalyst remained busy — completing 13 investments in Q4 2024 alone. Its thesis: overlooked founders in emerging markets can build billion-dollar companies if given the right support. With over 30 exits under its belt, the firm’s growing influence in frontier markets signals strong investor confidence in the strategy.
