Endeavor closes third fund with Careem and Property Finder founders among LPs

SourceWamda
SectorFinancial Markets
CountryGCC

Source: Endeavor Endeavor Catalyst 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 more than 150+ Endeavor Entrepreneur-led companies across 30 different markets, including businesses like Globant (NYSE:GLOB) and Rappi (valued at $3.5B+) in Latin America, Peak Games (acq’d Zynga $1.8B, 2020) and Checkout.com (valued at $5.5B+) in EMEA, and Bukalapak (valued at $2.5B+) in Southeast Asia.   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 (“AUM”) up to $250M. “Reaching $250M in AUM is an amazing milestone!” shared Linda Rottenerg, Endeavor’s co-founder and CEO. “I couldn’t ...read more...