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Endeavor Catalyst Closes $320M Fund V to Invest in Founders Outside Major Tech Hubs
Key points
- Endeavor Catalyst closed its fifth fund with $320 million.
- Total assets under management now exceed $850 million.
- Fund targets founders outside major tech hubs, dubbed "elsewhere".
- Investments typically range from $1 million to $3 million.
Fundraising Details
Endeavor Catalyst has successfully closed its fifth fund, securing $320 million in capital commitments. This latest raise increases the firm's total assets under management to more than $850 million. The fund's objective is to support founders operating outside established tech centers, particularly as venture capital increasingly concentrates on AI companies in Silicon Valley.
Investment Strategy and Network
Endeavor Catalyst is the venture capital arm of Endeavor, a global nonprofit that has supported entrepreneurs outside major tech hubs for 30 years. The fund invests in companies whose founders are part of Endeavor's network, which provides mentoring and connections. To qualify for investment, a company must first raise at least $5 million in a round led by another institutional investor, with Endeavor Catalyst joining on the same terms. Checks typically range from $1 million to $3 million and cannot exceed 10% of the round.
The firm plans to make 40 to 50 investments annually, aiming for up to 150 companies with this new fund. Half of the fund's profits are directed back to the Endeavor nonprofit, supporting future generations of founders.
Portfolio Performance
Across all five funds, Endeavor Catalyst has backed 437 companies in 44 markets. Eighty-three of these startups are currently valued at $1 billion or more. The firm has also seen 39 exits and 11 IPOs. Notable holdings include ElevenLabs, an AI voice tools maker founded in Poland, and Bending Spoons, an Italy-based conglomerate.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Endeavor Catalyst, the venture arm of the nonprofit Endeavor, raised $320 million for its fifth fund, bringing its total assets under management to over $850 million. This fund focuses on investing in companies led by founders outside traditional tech hubs, providing capital to a segment often overlooked by Silicon Valley-focused investors.