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Argentina’s Globant Raises $59 Million on NYSE; Second-Ever U.S. IPO for an Endeavor Company

Argentina’s Globant, founded by Endeavor Entrepreneurs Martin Migoya, Guibert Englebienne, Néstor Nocetti and Martin Umaran, had its U.S. IPO on July 18th, raising nearly $59 million. The Buenos Aires-based software development giant has become one […]

July 21st, 2014 — by admin

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Mexico’s Naranya Labs Partners with NXTP Labs to Form New Latin America-Focused Seed Fund

Mexico-based seed fund and accelerator Naranya Labs, founded by Endeavor Entrepreneur Arturo Galvan, recently announced a partnership with accelerator NXTP Labs to form a new early-stage capital fund that will invest at least $8 million in Mexico’s […]

May 23rd, 2014 — by admin

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Act Two for Endeavor Entrepreneur Hakan Baş: Successful Online Fashion Site is a Hit in Turkey and Attracts a Major Global Investment

It is not unusual for Endeavor Entrepreneurs to start second and third companies but few have had such rapid success as Turkey’s Hakan Baş. Hakan had an early start with Endeavor, serving first as an intern with Endeavor Turkey  before returning as an Entrepreneur candidate with electronic gaming leader Peak Games in 2011 at the Amman ISP. Hakan left Peak later that year to found Lidyana, an online shopping site that was named Turkey’s “hottest start-up” of 2012 by Wired magazine (UK edition). The site quickly became a successful player in Turkish e-commerce. Hakan recently attracted a significant investment round led by Germany’s Burda group, one of that region’s most important media conglomerates. Endeavor Catalyst also participated in the round, making Lidyana the donor fund’s ninth investment overall and fourth in Turkey.

“I take great pride and joy in being a part of the Endeavor community, and actively make an effort to bring in the Endeavor culture to all of my ventures,” said Hakan. “Having joined this family as an intern and being selected as an Endeavor Entrepreneur twice, I have more recently had an opportunity to serve as an Advisory Board member in Endeavor Turkey. The investment from the Catalyst Fund is yet another great milestone. I look forward to adding value to the ecosystem in line with Endeavor’s mission.”

 

Timed for G20, EY Issues a New Entrepreneurship Barometer Report

As part of its continuing thought-leader efforts surrounding the G20 meetings, Endeavor Partner EY released a new version of its Entrepreneurship Barometer report this week.  The EY G20 Entrepreneurship Barometer 2013 is designed to help leading countries benchmark their progress and performance on this vital issue. It enables each G20 nation to identify current strengths in its entrepreneurial environment, as well as the main opportunities for further development.  As a result, the Barometer provides a powerful framework to help countries understand and improve the ecosystems that are vital to the success of the entrepreneurs of the future.

Although there have been a number of international studies on entrepreneurial ecosystems, there is still a need for better tools and data to help countries measure their performance on this issue. This report makes an important contribution to this endeavor by capturing insights from key research initiatives.  A key conclusion of the report:  Mature markets continue to provide the best ecosystems for entrepreneurship development but rapid-growth markets — such as Endeavor countries Brazil, Argentina and Turkey — are closing the gap.

EY hopes the report will grab the attention of government leaders attending the G20.  “The need to act is clear. Entrepreneurs have the power to create jobs and drive growth – but first we need to give them the tools and the environment that will enable them to succeed,” said Maria Pinelli, Global Vice Chair, Strategic Growth Markets at EY.

For a complete copy of the report, click here.

 

Argentina’s Socialmetrix Chosen as Social Media Provider for ad:tech London

Argentina-based Endeavor Entrepreneur Socialmetrix and ad:tech London have partnered to extract and analyze ad:tech’s London social media data. Ad:tech London launched today at the Olympia Hall & Convention Center and will last two days. The event brings together more than 6,000 marketing, communications and advertising professionals from the UK and the U.S. and will highlight keynote conferences from some of the most renowned leaders.

“We are very pleased with this partnership. The ad:tech London team and Socialmetrix have worked together to create a model where ad:tech can take advantage of our technology and improve its knowledge about its audience interests and characteristics”, says Martín Enriquez, CEO and Cofounder at Socialmetrix.

Socialmetrix is providing ad:tech with the latest technology for social media monitoring and analysis, enabling the event organizers to have a deep understanding of the attendees’ opinions and feelings about the contents and speakers showcased during the two days of congress—all in real time.

“After evaluating Socialmetrix technology and its benefits, we [were] very enthusiastic with the possibility of increasing the attendees’ engagement with our brand and our speakers, as well as with knowing more about the desires and opinions of our audience”, says Matthew Appleby, Marketing and Communications Director at ad:tech London.

“By using our technology, ad:tech London will be able to incentivize attendants to interact with the ad:tech brand in a more ‘fluid’ way while collecting and processing their opinions and making adjustments, if needed, to the contents’ programming based on people’s opinions”, adds Enriquez.

For those following the event from their homes and offices, who want to keep up with the social chatter about ad:tech London, Socialmetrix is publishing a real-time monitoring platform displaying stats and comments published online about ad:tech.

eMBA 2013 Field Report: Mobile in Mexico… and Loving It

Each summer Endeavor sends a number of incoming second-year MBA students, recruited from top schools, to work on-site with Endeavor Entrepreneurs on projects ranging from strategic planning to market expansion. The program is supported by a generous grant from Barclays. Following is a post from Leire Borderias, a member of  the London Business School Class of 2014, who is spending the summer working with Endeavor Entrepreneur Arturo Galvan at Mexico’s Naranya:

I came to Mexico looking forward to being in a fast pace environment, gaining exposure to Latin America and making the most of my time working in a project with high and direct impact. I expected stretching myself further and getting both professional learning and personal growth…but this experience, by far, outweighed my initial expectations!!

Naranya is a mobile media and commerce company developing new products and building the mobile ecosystem for Latin American markets. It has also recently launched an accelerator program and early stage fund in Monterrey to help new start-ups get their business ideas off the ground. During my internship, I have been working with the innovation unit. The project is aimed at leveraging synergies across the company and fostering innovation processes to achieve an agile time-to-market. The broad spectrum that encompasses all the different realities of Latin America poses a great challenge.

In Latin America, mobile will become the primary way to access the internet but the majority of mobile users do not have access to banking and financial services. Nurturing innovation and growth requires solving some of the most basic customer pains such as facilitating access to payment methods. Working in this environment with colleagues who are giving their best and thinking out of the box to solve this sort of dare has been really fascinating and inspiring.

It has also been very rewarding to be part of Endeavor and learn more about how this successful nonprofit is making a significant, social impact all over the world. The local office of Endeavor does an excellent job supporting the entrepreneurs and Endeavor’s networking and mentoring community confers a very unique and valuable resource.

Life outside of work has been just as dynamic. I seized any opportunity to travel and hang out with my work and Endeavor colleagues who have become very close friends of mine. They have been amazingly supportive and their hospitality allowed me to acclimate very quickly and love the country, its culture and gastronomy… Yay.. Mexicooo lindo!!

 

MSA- Endeavor Turkey Company- Hosts International Cooking Competition

MSA, an Endeavor Turkey company, recently hosted the Chaîne des Rotisseurs’ 37th annual Jeunes Chefs Competition at their Istanbul cooking facility.

Chaîne des Rotisseurs is an international association of gastronomy with over 25,000 members in 70 countries. Its annual competition challenges young chefs (under the age of 27) to prepare a three-course meal using surprise ingredients they receive in a “black box.” Competitors are then scored by two sets of judges: a group that oversees preparation in the kitchen, and a group that rates the taste and plating of finished dishes.

This year, Chef Jan-Philippe Berner (Germany) won the Gold Medal, Chef Jimmi Eriksson (Sweden) received the Silver medal, and Yusuf Kızılırmak from Le Meridien İstanbul won bronze, becoming the first chef from Turkey to receive a medal at Chaîne des Rôtisseurs.
Founded by Mehmet Aksel, MSA is a state-of-the-art culinary institute that graduates about 600 chefs per year. In addition to hosting the Jeunes Chefs competition, MSA invited competitors, judges, and committee members to a welcome dinner at their Okulun Mutfağı restaurant. MSA instructors and students prepared, cooked and served guests a three-course traditional-style Turkish menu with a modern touch.

2013 Endeavor Gala Honoring Sir Richard Branson – November 8th

On Friday, November 8th, join 500+ entrepreneurs, business leaders, and Endeavor board and network members in the heart of Manhattan for an unforgettable party: the 2013 Endeavor Global Gala honoring Sir Richard Branson, Founder, Virgin Group. To ask a question, become a sponsor, purchase a ticket or table, or make a donation, email gala@endeavor.org. All Gala proceeds support Endeavor’s work with high-impact entrepreneurs, as well as its efforts to expand to 25 markets by 2015.

The Gala will celebrate 16 years of high-impact entrepreneurship and honor Sir Richard with the High-Impact Entrepreneur of the Year Award. The program includes a cocktail hour and dinner, an onstage Q&A with Sir Richard, a musical performance by Atlantic Records recording artist Lauriana Mae, and a not-to-be-missed after-party.

Make a donation in support of the Gala or in honor of Sir Richard here.

2013 Endeavor Gala - Email Invitation 10.29

Make a donation in support of the Gala or in honor of Sir Richard here.

September 2013 Newsletter

To view Endeavor’s September newsletter, a recap of all the top news stories from the previous month, please CLICK HERE.

Reminder: To receive our monthly newsletters by email, please enter your email address in the sign-up box at the bottom of our homepage.

 

Help make Daily Secret’s 2014 SXSW panel about “Templating Creativity” a reality!

Help make Daily Secret’s 2014 SXSW panel about “Templating Creativity” a reality! Go to the website, sign up, and cast your vote before voting closes at the end of this week!

Last year, Daily Secret made its SXSW debut, with Endeavor Entrepreneur Nikos Kakavoulis giving a talk about “Growing a Business in a Submerged Economy (Greece).” Take a look at the Slideshare from that session, and you will notice the not-so-secret fact that this last year has treated Daily Secret well!

From 16 full-time editions reaching over 300,000 influencers in March 2013, Daily Secret now boasts 38 editions reaching 1.5 million influencers across 22 countries. At this 2014 SXSW panel, the CEO and Founder of Daily Secret will explain how his company looked into the black box of its “creative process” and has managed to create an authentic product at scale.

 

E-finance Marketplace ComparaOnline Raises $11 million: Endeavor Catalyst Participates in Funding Round

ComparaOnline.com, the leading insurance and financial services marketplace website in Latin America and an Endeavor Entrepreneur company since 2012,  has raised $11 million in Series B financing.  The company was founded and is led by CEO Sebastian Valin, an Endeavor Entrepreneur from Chile who was selected in 2012. Ribbit Capital, a venture capital firm focused on the financial services industry, led the investment with participation from Endeavor Catalyst, Rise Capital and Series A-backer Kaszek Ventures.

This investment brings ComparaOnline’s total funding to $16 million, the largest amount by any online insurance and financial services company in Latin America.  The rapidly-growing, 200-employee company intends to use the new capital to strengthen its presence in Brazil and Colombia through new talent acquisition and the development of new products and services.

Launched in Chile in 2009, ComparaOnline enables consumers to find and compare insurance and financial products simply and quickly, while helping insurance companies and banks expand their distribution and lower customer acquisitions costs. The site offers users the ability to find and compare products, including auto insurance, travel insurance, consortium finance and credit cards.

“This new funding will enable us to build on our current momentum in fast-growing markets in the region, particularly in Brazil and Colombia. As the leading insurance and financial comparison platform in Latin America, we are able to attract the highest level of talent to create new and innovative experiences for our customers,” said Valin.  “We are thrilled to welcome our new investment partners, as well as existing investor Kaszek Ventures, and look forward to leveraging their decades of industry knowledge and expertise to turbocharge ComparaOnline’s growth across Latin America.”

Having established itself as the top online insurance brokerage in Chile in 2011, ComparaOnline expanded to Brazil and Colombia in 2012, forming partnerships with several of the largest insurance companies and banks in both countries, including Banco Bradesco, Liberty Seguros Brasil, Zurich Insurance Group, AIG, MAPFRE Insurance, HDI-Gerling and RSA Insurance Group.  In early 2013, ComparaOnline entered into a strategic alliance with Buscape Company, Brazil’s E-Commerce leader (founded by Endeavor Brazil board member Romero Rodrigues), under which it acquired Buscape’s financial and insurance comparison brand, CortaContas.com.br.  Today, ComparaOnline continues to benefit from Buscape’s deep understanding of the Brazilian market, and has become the single largest online distributor of insurance and other financial products in Latin America.

“ComparaOnline is transforming the way insurance and financial services are offered to Latin American consumers,” said Micky Malka, founder and General Partner of Ribbit Capital.  “I have enormous confidence that Sebastian and his talented team will establish ComparaOnline as the preeminent online marketplace for financial services in Latin America.  We look forward to helping the team leverage its best-in-class technology to drive innovative customer experiences while building a leading brand and capitalizing on the significant market opportunities in the region.”

 

Endeavor Officially Launches Miami Affiliate: Local Board and New Managing Director Named

Miami, FL September 4, 2013  – Endeavor Global today announced the official opening of its Miami affiliate, the first to launch in the United States. To spearhead the effort, Endeavor has identified nine business leaders for its local board of directors, and chose a new Managing Director, Laura Maydon. Endeavor’s first entry into the U.S. market is strongly supported by the Miami-based John S. and James L. Knight Foundation along with key entrepreneurs from the community.

All Endeavor affiliates are guided by a local board of business leaders, each of whom believes that high-impact entrepreneurship can transform economies.   The Endeavor Miami founding board will be co-chaired by Adriana Cisneros, Vice Chairman of the Board and CEO, Cisneros Group of Companies, and Daniel Echavarria, Director, Organizacion Corona.  They will be joined by Alberto Beeck; Alberto Chang Rajii, President, Grupo Arcano; Matt Haggman, Program Director – Miami, Knight Foundation; Peter Kellner, Founder and Managing Partner, Richmond Global LLC and co-founder of Endeavor Global; Manny Medina, Managing Partner, Medina Capital Partners; Andres Moreno, Founder and CEO, Open English; and Sean Wolfington, Founder, the Wolfington Companies.

“I couldn’t be happier to be working with such a diverse, engaged group of people who all care about the future of Miami’s budding entrepreneur community,” said Cisneros.

The board has recruited Laura Maydon to become Managing Director of the Endeavor Miami affiliate office. Maydon joins Endeavor with more than 15 years of experience developing new products, identifying new business opportunities, driving growth in various industries, including payments and financial services and with a strong M&A and private equity background. Her passion for entrepreneurship started early in her career when she worked first in investment banking and then at a private equity firm screening different businesses and evaluating investment opportunities in the Latin American region. Most recently, Laura worked on developing B2B payment solutions, partnerships and alliances in the region for Visa.

Maydon will immediately begin scoping Endeavor entrepreneur candidates who will be vetted by the local board and ultimately present at one of Endeavor’s upcoming International Selection Panels. Endeavor Entrepreneurs receive access to mentors and an international network of business professionals and resources including professional service firms and educational programs.

“We’re very excited about the prospect of helping talented entrepreneurs in Miami to scale up their businesses,” said Endeavor co-founder and CEO Linda Rottenberg.  “There is a lot of talk about start-ups in Miami but Endeavor plays a unique role in identifying those businesses that are at a key inflection point and helping them to dramatically increase revenue and job creation.”

“The opening of Endeavor Miami’s doors is an important milestone in the city’s rise as an emerging hub for innovators and entrepreneurs,” said Matt Haggman, Miami program director for Knight Foundation and Endeavor Miami board member. “It signals a strong commitment from local leaders who are willing to invest in Miami’s future and who recognize its potential as a place where ideas are built.”

In the past 15 years Endeavor has selected over 800 high-impact entrepreneurs from 15 countries around the world in Latin America, Africa, the Middle East, Turkey, and Southeast Asia. In 2012, these entrepreneurs generated US $6.0BN in revenue and had created 225,000 jobs.

“We look forward to providing entrepreneurs in Miami with same kind of invaluable mentorship that has become Endeavor’s trademark,” said Endeavor co-founder and Miami board member Peter Kellner.

For an informational video about the new Miami affiliate and its board, view above or click here.  For more information on Endeavor Miami, click here to access the affiliate website.

 

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