Endeavor CEO Linda Rottenberg was recently interviewed by OneWire‘s Skiddy von Stade about the Endeavor story and her own entrepreneurial path. The interview was featured in Business Insider, highlighting Linda’s journey from law school to Latin America and, ultimately, to co-founding the world’s leading supporter of high-impact entrepreneurs in growing economies.
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Brazil’s Bebê Store Announces Acquisition of Competitor Baby.com.br; Receives Investment From Endeavor Catalyst
Bebê Store, a leading online baby goods retailer in Brazil co-founded by Endeavor Entrepreneur Leonardo Simão, recently announced the acquisition of Baby.com.br, one of its main competitors in the region. In addition, the company successfully raised a $12.3 million […]
July 24th, 2014 — by adminRead more
In the news
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 $59 million. The Buenos Aires-based software development giant has become one […]
July 21st, 2014 — by adminRead more
Latest Video(video) Endeavor CEO Linda Rottenberg Featured On Fox Business’ After The Bell
July 15th, 2014
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A visionary entrepreneur, Mr. Naqvi founded The Abraaj Group in 2002. The firm has since emerged as a leading investor in growth markets with US$ 7.5 billion in assets under management. Employing over 300 people, the Group has 25 country offices spread across six regional hubs in Dubai, Istanbul, Mexico City, Mumbai, Nairobi and Singapore.
In 2011, Mr. Naqvi was named as one of the 50 most influential people in the global private equity industry by Private Equity International. He has been the recipient of numerous awards, including the Oslo Business for Peace Award, the highest form of recognition given to individual business leaders for fostering peace and stability through creating shared value between business and society. At the Gala, Mr. Naqvi will be presented with Endeavor’s 2014 High-Impact Entrepreneur of the Year Award, which honors global entrepreneurial role models and leaders of the high-impact entrepreneurship movement.
Mr. Naqvi and The Abraaj Group have developed an important partnership with Endeavor over the past four years, supporting dozens of entrepreneurs and playing a critical role in Endeavor’s affiliate expansion throughout the Middle East, North Africa and Southeast Asia.
To become an Endeavor Gala sponsor, purchase tickets or tables, or make a donation, contact Leah Sivieri at email@example.com or at +1 (646) 745-3314.
Uruguay’s PedidosYa, an online solution for food delivery in Latin America, recently announced a majority acquisition by Germany-based Delivery Hero. Founded by Endeavor Entrepreneurs Ariel Burschtin, Álvaro García, and Ruben Sosenke in 2009, PedidosYa currently operates a network of 12,000 partner restaurants within nine countries in Latin America, with plans to launch in three more countries. The acquisition highlights the importance of e-commerce platforms in the region’s consumer service industry as well as a growing global interest in Latin American markets.
Predicting the rise of e-commerce services and noting the absence of food delivery solutions in the region, the trio launched their app in their native Montevideo, Uruguay with the hopes of creating an innovate service platform for Latin Americans. Restaurants, enticed by the company’s streamlined order processing and new sales channel, rapidly signed up for PedidosYa. The company has now grown to 150 employees across Argentina, Brazil, Chile, Colombia, México, Perú, Puerto Rico, Uruguay, and Venezuela. The app has reported over two million downloads and receives nearly 200,000 orders per month.
Looking to gain a foothold in the region’s markets, Delivery Hero bought out existing investors in PedidosYa, backed by a recent round of funding led by Luxor Capital Group. A global leader in online food ordering with more than 60,000 partner restaurants worldwide, Delivery Hero currently operates in 12 countries across Europe and Asia with over 800 employees. For less than a year, the two companies have operated in a confidential partnership, a cooperation which has proven beneficial, more than doubling PedidosYa’s volume of orders. PedidosYa will remain an independent brand, and the acquisition is expected to increase Delivery Hero’s representation to 20 countries spanning four continents.
“Latin American companies mostly limit themselves to their national markets. We belong to a new generation of entrepreneurs who focus on international expansion,” said Ariel in a statement. “In this sense we fit perfectly to Delivery Hero and are pleased to be part of the global leader.”
Since their selection at the 41st Endeavor ISP, Ariel, Alvaro and Ruben have received strategic mentorship support from Endeavor. The team has also participated in Endeavor’s eMBA program and in Endeavor Investor Network events.
Read the full press release of the announcement here.
Join over 500 entrepreneurs, business leaders and Endeavor network members in the heart of Manhattan for a celebration of the high-impact entrepreneurship movement and Endeavor’s expansion to 20 emerging and growth markets worldwide. The Gala will honor Arif Naqvi, Founder and Group Chief Executive Officer of The Abraaj Group, with the High-Impact Entrepreneur of the Year Award. All proceeds directly support Endeavor’s work and efforts to expand to 25 countries by 2015.
To become a sponsor, purchase tickets or tables, or make a donation, contact Leah Sivieri at firstname.lastname@example.org or at +1 (646) 745-3314.
Endeavor Greece recently released a report, titled Creating Jobs for Youth in Greece, which highlights the need for the country’s entrepreneurs to spur youth job creation. The report focuses on the stagnation of value-adding sectors, the necessity of startups for initiating a new growth era, and the promise shown by a generation of Greek youth who are more globally-minded and connected than ever before. The findings reveal that a change in the perception of entrepreneurship needs to happen, particularly among younger populations, which will only be possible if healthy role models and supportive institutions exist.
The report combines analysis of employment demographics from the Hellenic Statistical Authority and employment data from Manpower Employment Organization (OAED), in addition to two surveys conducted by QED and Endeavor Greece. Over the last six years, Greece suffered an unprecedented 25% reduction in GDP that has resulted in a contracted and languishing economy. The country’s youth population has been disproportionately affected by the crisis, with over 600,000 youths (<35 years old) unemployed. Job destruction in the youth sector corresponds to 55% of the total jobs lost during the crisis. However, only half of youth unemployment can be attributed to a sluggish economy — the other half is due to a hiring advantage felt by the age 35+ population.
Yet, young Greek entrepreneurs remain optimistic about their ability to start businesses of their own, as highlighted by past research from Endeavor Greece. The report makes several recommendations to empower future generations. First, identify and support the existing high-impact firms that are in a position to scale up. Second, lay the groundwork for entrepreneurs to launch new companies that will create high-growth jobs for youth as they scale. Combined, the 3,000 existing companies and 10,000 new high-growth companies could create a million new jobs within the span of seven years.
Watch a summary of Endeavor Greece’s findings below and read the full report by clicking here.
From June 17th – 19th, Endeavor held its inaugural eMERGE California event, sponsored by Gigaom, Zynga and Co.Lab, which brought together top entrepreneurs, investors and mentors to highlight fast-growing tech markets outside of Silicon Valley. As part of the event, an Endeavor Investor Network session sponsored by Greenberg Traurig convened Endeavor Entrepreneurs and representatives from premiere venture capital firms in an afternoon of networking and discussion around emerging markets. In addition, Endeavor partner Barclays held a special advisory session for one of the entrepreneurs in attendance.
“Endeavor Entrepreneurs are frequently the forces leading or disrupting their regional tech markets. With Endeavor’s presence in twenty countries, it’s in a unique position to showcase the potential of these markets side-by-side via the individuals who are shaping them,” said Shaun Young, Endeavor’s Director of Network & Business Development and head of Endeavor eMERGE California.
Over the course of the three days, some of Endeavor’s most promising tech entrepreneurs represented their markets and countries in front of a number of Silicon Valley’s key business leaders. The event opened with a mentorship breakfast with top investor Dixon Doll, co-founder of venture capital firm DCM, who addressed strategies for supporting tech ecosystems in non-traditional markets. Entrepreneurs then had the opportunity to meet with Joanna Rees, Endeavor Global Board Member and Managing Director of Endeavor Catalyst, as well as the staff of Endeavor California to discuss approaches to raising capital in Silicon Valley as international entrepreneurs.
Three Endeavor Entrepreneurs were featured as speakers throughout Endeavor eMERGE California, including Brazil’s Antonio Carlos Soares of RunRun.it, Argentina’s Germán Dyzenchauz of GoIntegro, and Lebanon’s Rabih Nassar of Apstrata. With expertise in cloud-focused technologies, these entrepreneurs contributed widely to the week’s events, addressing participants in sessions with the Endeavor Investor Network and members of Endeavor’s California network, including executives from the Omidyar Network, Dropbox, Silicon Valley Bank, Zendesk, SurveyMonkey and the SF Mayor’s Office. In addition, the entrepreneurs participated in a panel moderated by Endeavor President Fernando Fabre during the Gigaom Structure conference, a premiere cloud-focused technology event. Additional Endeavor Entrepreneurs in attendance at eMERGE California included Chile’s Pablo Godoy of Inzpiral, Argentina’s Sally Buberman and Ignacio Lopez of Wormhole, and Mexico’s Guillermo Casares Gonzalez of Mexis.
The Endeavor Investor Network session on June 17th featured participation from leading U.S. venture capital firms, including Accel Partners, General Atlantic, Lumia Capital, Omidyar Network, Ribbit Capital and Rise Capital, who met with a selection of Endeavor’s top companies representing Argentina, Brazil, Chile, Jordan, Lebanon, Mexico and Miami. The afternoon kicked off with an hour-long conversation with the three eMERGE speakers, who provided insights on the market opportunities that growing tech economies offer cloud-based companies and potential partners. The entrepreneurs and investors then participated in formal rounds of speed-networking, where 24 investors and companies from Endeavor’s portfolio met over coffee, company narratives and presentations, culminating in 100+ formal networking connections over the course of the afternoon. Following the formal networking, participants continued with an informal reception themed around the World Cup.
Additional highlights from the week included a private dinner hosted by Endeavor Catalyst Managing Director Joanna Rees in honor of the Endeavor Entrepreneur participants of eMERGE California. Also, following one of their talks, Antonio Carlos, Germán and Rabih were invited to Dropbox to meet with members of the company’s corporate development, sales and international teams to discuss regional trends in mobile, cloud and payments. Finally, the event wrapped up with a special advisory session with Endeavor partner Barclays. The meeting convened senior Barclays executives to help provide guidance to Mexican Endeavor Entrepreneur Guillermo Casares Gonzalez on his company’s approach to fundraising and expansion.
“[Endeavor eMERGE California] was a great opportunity to showcase my company, meet lots of interesting new people and get to know Endeavor better. It was truly a pleasure and an honor to participate, ” said Antonio Carlos. “It is great to be a part of Endeavor and to share my dream.”
Endeavor eMERGE California will feature more of Endeavor’s best international tech markets, focusing on topics such as mobile, payments and the sharing economy, and continue to spotlight the entrepreneurs at the forefront of these areas. The participating entrepreneurs in this event represent a range of cloud-based services and solutions. Learn more about their companies below:
Antonio Carlos Soares joined the Endeavor network in 2010 as part of Brazil’s Aorta, a software company that serves major clients by helping them harness new technologies through customized IT applications. Antonio is currently the co-founder of RunRun.it, a cloud-based team management platform. The product helps managers of mainstream companies enhance team productivity by providing dashboard reports and tools for improving workflow assurance, task management and employee performance evaluation in a simplified format.
Founded by Germán Dyzenchauz and Gaston Lejtman in 2002, Argentina’s 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 offices across the region, the company boasts more than 300 corporate clients and reaches upwards of one million daily users with revenue growth of 30% in 2013.
Lebanon’s Rabih Nassar worked in development in the enterprise software space for years with Element^n, ultimately turning its product legacy into Apstrata, a highly scalable, cloud-based solution for back-end infrastructure. Apstrata packages the fundamental server-side building block components necessary for HTML5 and mobile application development, saving mobile developers both time and money.
Chile’s Inzpiral is a BI software solution company consisting of three product platforms, each compiling, consolidating and analyzing large data sets for the optimization of pricing and distribution strategies. Founded by Pablo Godoy in 2011, Inzpiral’s solutions primarily apply to the Retail and CPG market, but is expanding to serve the mining and telecommunications sectors as well.
Argentina’s Sally Buberman, Ignacio Lopez, and Maximiliano Menasches have focused their efforts on creating an affordable, high-quality solution to allow people in emerging markets to work, learn, and communicate over the Internet. With Wormhole IT’s products, which are typically 90% cheaper than competing products, the team’s solutions have already been successfully exported to and localized for over ten countries and are actively used by over 60,000 users.
Guillermo Casares González took a business ridden with accounting irregularities and a broken ISP model and reoriented it as a Management Risk Service Provider. Based in Mexico City, his company Mexis integrates managed services in network infrastructure, security and applications with the concept of “Security 360°”. Today, Mexis is a leader in the industry and operates under its own proprietary technology.
Onapsis Inc., founded by Endeavor Entrepreneurs Mariano Nuñez Di Croce and Victor Montero, recently announced that it has secured a $9.58 million Series B financing round led by Boston-based VC firm .406 Ventures and supported by Endeavor Catalyst and existing investors. A leading business security solutions provider to technology firms like SAP and Oracle, Onapsis plans to leverage the funds to enhance its product offerings, promote international sales and adapt to growing client demand.
Founded in Buenos Aires and now headquartered in Cambridge, MA, Onapsis offers protection for business-critical applications that manage highly-sensitive information ranging from supply chain logistics to business intelligence. Over 100 global brands and government organizations leverage Onapsis’ products to protect against espionage, sabotage, and financial fraud attacks and to streamline compliance with regulatory requirements. The new round will also allow the company to develop its research and engineering teams as it looks to advance operations across Europe and Latin America. Onapsis previously raised $3 million in funding and currently employs over 50 people.
Since joining the Endeavor network in 2011, Mariano and Victor have received tailored mentorship and strategic advising through Endeavor’s global network. In addition, the team has made a number of investor connections with the help of the Endeavor Investor Network while regularly participating in global tours and conferences.
“We are delighted to count on the support of Endeavor and our existing investors, which have been instrumental in helping us scale our business to support the fast-growing demand for our security solutions,” said Mariano in a statement.
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 a stronger interest in emerging market investment opportunities. Launched in 2012, Endeavor Catalyst has made 14 investments to date spanning five markets (Argentina, Brazil, Chile, Mexico and Turkey).
For more information on the fund’s activities, please contact Endeavor Catalyst Managing Director Allen Taylor at email@example.com.
EY hosted its annual World Entrepreneur Of The Year event this month in Monte Carlo, Monaco, convening business leaders from more than 145 cities across 60 countries. Since its inception in 1986, EY’s Entrepreneur Of The Year program has brought together thousands of the world’s top entrepreneurs to network and promote ecosystems of global innovation and ingenuity. This year, Endeavor Entrepreneurs Jorge Nazer of Chile’s ALTO and Feridun Tunçer and Levent Yılmaz of Turkey’s Baydoner represented their countries in Monaco after being named national EoY winners for 2014.
In addition, Indonesia’s Hendy Setiono of Baba Rafi and Uruguay’s Michel Cohen and Silvana Leibenberg of Lolita attended the event as EY Ready, Set, Grow Entrepreneurs, which recognizes their companies’ potential for transformative growth. Other Endeavor Entrepreneurs in attendance included Jordan’s Amjad Aryan of Pharmacy 1 and Turkey’s Bedriye Hülya of b-fit.
In addition to the judging and awards ceremony, the event included keynotes from global business leaders, panel discussions on industry issues, and networking opportunities for all attendees.
Read more about the week of events and Uday Kotak, the ultimate winner of the 2014 World Entrepreneur title, by clicking here.
Endeavor Entrepreneur Guibert Englebienne, co-founder of Globant, was recently named chairman of Endeavor Argentina‘s board. The news was covered in La Nacion, a top Argentine newspaper, recognizing the work of Endeavor in the region and the importance of creating role models for future generations. Guibert succeeds Endeavor Entrepreneur and Officenet co-founder Andy Freire in this new role.
As chairman, Guibert will continue to promote Endeavor as the organization works to select and support the best high-impact entrepreneurs in the region and around the world. MercadoLibre co-founder Marcos Galperín will also join as vice chairman.
Guibert founded Globant with Martín Umaran, Martin Migoya and Nestor Nocetti with a mission to transform the software development industry in Latin America. Globant is an emerging worldwide leader in providing both technical expertise and design and creative capabilities in the development of software products that can be applied to digital campaigns on a global scale. Headquartered in Buenos Aires, the company is a rapidly growing business employing over 2,000 engineers, marketing specialists and designers in across Argentina, Brazil, Uruguay, Colombia, the United States and the United Kingdom. Globant is distinguished by its vision to provide clients with both the infrastructure and technical support that drive digital campaigns, combined with the creative and design skills usually found alone in digital agencies.
Since selection by Endeavor in 2005, Globant has expanded to to over 10 cities and has become the first Latin American outsourcing firm to work with Google. With the support of Endeavor’s network, Globant has been able to acquire other firms and raise U.S.-based venture capital funds.
Read coverage of the news in La Nacion by clicking here.
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In the news
- July 29th, 2014
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- (video) Endeavor CEO Linda Rottenberg Featured On Fox Business’ After The Bell
- (video) Endeavor CEO Linda Rottenberg Discusses Her Entrepreneurial Journey in Business Insider
- (video) Endeavor Greece Reports on Youth Job Creation, Focuses on the Need for High-Impact Entrepreneurship
- (video) Linda Rottenberg Discusses Lessons in Entrepreneurship for Stanford’s eCorner Series
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