Endeavor Catalyst Invests in Argentina’s GoIntegro and Brazil’s ToLife Following New Rounds of Funding
Endeavor Catalyst recently announced co-investments in Argentina’s GoIntegro and Brazil’s ToLife following new rounds of financing raised by both companies. Led by Riverwood Capital and Kaszek Ventures, GoIntegro’s $5 million Series B round will help the growing software firm continue its expansion efforts in Latin America. Similarly, ToLife’s Series B round led by Vox Capital will support the healthcare technology firm’s plans to serve more health centers and patients throughout Brazil.
Founded by Endeavor Entrepreneurs Germán Dyzenchauz and Gaston Lejtman in 2002, GoIntegro is a leading SaaS social engagement platform for companies in Latin America, offering a suite of software applications to manage internal communications, corporate benefits, recognition programs and incentives. With presences in Argentina, Brazil, Chile, Colombia, Peru, Uruguay and Ecuador, the company boasts more than 300 corporate clients and reaches upwards of one million daily users with revenue growth of 30% in 2013. As a result of this latest investment, GoIntegro aims to further its expansion efforts in Latin America, specifically in the Mexican and Brazilian markets. Riverwood and Kaszek also led the company’s Series A round in 2012, and this latest announcement reaffirms investor faith in the entrepreneurs’ high-impact business model.
Since joining the Endeavor network in 2011, Germán and Gaston have received custom mentoring and strategic advising from Endeavor’s network along with connections through Endeavor Investor Network events, culminating in Endeavor Catalyst’s participation in this latest round.
“Being selected by Endeavor as high-impact entrepreneurs was incredibly helpful in allowing us to achieve our growing goals, close investment rounds and share experiences with an extensive network of mentors and entrepreneurs,” said Germán in a statement. “We feel part of a community around the world with common problems and challenges, and Endeavor is the epicenter of it all.”
Based in Belo Horizonte, Brazil, ToLife was founded by Endeavor Entrepreneur Leonardo Lima de Carvalho in 2009 with the goal of innovating Brazil’s healthcare system, which has been plagued by inefficiencies and lagging patient wait times. ToLife is a system that automates the patient screening process based on individual risk ratings, leveraging internationally recognized health protocols. The system manages the flow of patient care in emergency units and monitors the capacity of other care centers in the surrounding area with its three-part software, hardware and service bundle. Since its founding, the company has worked to cut both the risk of mortality caused by cardiovascular complications and the average patient wait time in half, having implemented more than 5,000 healthcare units across 850 Brazilian cities.
Since joining the Endeavor network in 2012, Leonardo has received local advisory services from Endeavor mentors and participated in global events like the Endeavor Summit and Endeavor Investor Network sessions. It was at a June 2012 Investor Network event in London that Leonardo made a connection with Kelly Michel, the UK-based co-founder of Potencia Ventures and Vox Capital. This introduction ultimately led to Vox Capital’s Brazil team becoming the lead investor on this recent round and Endeavor Catalyst’s ability to participate.
About Endeavor Catalyst
Endeavor Catalyst is a passive co-investment vehicle that allows Endeavor Global to invest in Endeavor Entrepreneurs in a neutral, unbiased way. The main goal of this program is to use the returns of the investment to support Endeavor’s operations. The fund also contributes to Endeavor’s mission as it promotes professional third-party angel and venture capital investors to take a stronger interest in emerging market investment opportunities. Learn more about Endeavor Catalyst by clicking here.