Endeavor Catalyst fund announces final close at over $290m
Endeavor announced the final close of Endeavor Catalyst Fund IV, a $292 million venture capital fund through which it plans to continue to invest in the companies led by Endeavor entrepreneurs globally. The closing of Endeavor Catalyst Fund IV represents Endeavor’s largest fund to date, surpassing the fund’s initial $200 million-$250 million target. It also brings Endeavor Catalyst’s total assets under management up to more than $500 million.
The community of limited partners (LPs) behind Endeavor Catalyst IV includes founders like Reid Hoffman (LinkedIn), Marcin Żukowski (Snowflake), and Kevin Ryan (DoubleClick, MongoDB), as well as more than 100 of Endeavor’s own entrepreneurs. In fact, Endeavor entrepreneurs account for more than 30% of the LPs for this fund.
“The quality of entrepreneurial talent today across the 40-plus markets where Endeavor operates is the highest we’ve ever seen, and we can’t wait to invest more in these places,” says Allen Taylor, managing partner, Endeavor Catalyst.
As of today, Endeavor Catalyst has made more than 260 investments in markets across Latin America, the Middle East, Africa and Southeast Asia, as well as underserved places in Europe and the United States. The Endeavor Catalyst funds are designed as rules-based, co-investment funds that invest exclusively in companies led by Endeavor entrepreneurs raising equity rounds from venture capital and growth equity funds, primarily at series A, B and C. Among its portfolio, the most common investments are in the fintech (26%), retail and consumer tech (23%), and enterprise software and services (18%) sectors.
As with previous funds, the carried interest earned on Endeavor Catalyst IV’s investments will be used to fund Endeavor’s future sustainability, fueling its mission to support more high-impact entrepreneurs in emerging and underserved markets.
With this fourth fund, Endeavor Catalyst will continue to co-invest alongside professional venture capital and growth equity firms into companies selected into the Endeavor network. Following an initial close earlier this year, Endeavor Catalyst has already made investments out of this fund alongside a16z, General Atlantic, Insight Partners, Lightspeed and Softbank, among others.
“We’re off to a great start with Fund IV,” added Taylor, noting that the current fundraising environment does not change anything about the fund’s core thesis. “We believe talent is everywhere, and we are building this for the very long-term. With Fund IV, we continue to double-down on the markets that have been most active for us over the past few years – Brazil, Mexico, Indonesia – and are excited about the opportunity to invest in new Endeavor markets like Pakistan.”