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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 Carrot Raises $2 Million In New Funding Round, Aims to Lead Car-Sharing Market

Mexico-based Carrot, founded by Endeavor Entrepreneurs Diego Solorzano and Jimena Pardo, recently raised $2 million in a series B funding round led by Venture Partners. With participation from Auria Capital  and previous backer Mexico Ventures, the company’s total funding […]

April 7th, 2014 — by admin

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Endeavor Turkey Company Peak Games releases new game, War of Mercenaries

Following the incredible success of games like Happy Farm and Kofsu Ciftlik (the Turkish & MENA version of Barn Buddy), Peak Games has released War of Mercenaries, a strategy game set in the Middle Ages.

Though the game hasn’t yet launched commercially, an alpha version of the game that is available on Facebook has received favorable reviews and feedback from users. Gaming blog Awesomecheats.com, for example, wrote that WoM, “has great potential to qualify as one of the best strategy games on Facebook.”

Sidar Sahin founded Peak Games in late 2010 and was selected by Endeavor the following year. Just 270 days after launch, their company had 10 million daily users. By mid 2012, Peak Games had become the third largest gaming company in the world.

To check out War of Mercenaries in alpha, click here.

 

Endeavor Mexico Entrepreneur Javier Okhuysen interviewed on BBC World Service

The BBC News World Service Business Daily Radio featured Endeavor Mexico Company Sala Uno in  “The Healthcare Timebomb,” a segment on healthcare efficiency in the face of financial crises and aging populations.

Sala Uno utilizes innovative surgical techniques and a vertically-integrated supply chain to provide high-quality, affordable cataract surgery and eye care to low-income Mexicans. In 2012, when founder Javier Okhuysen was selected by Endeavor, the company completed more than 2100 cataract surgeries.

BBC reporter Ed Butler spoke to Okhuysen about the barriers Mexicans face to receiving crucial eye treatment and care. Sala Uno’s private vision centers and clinics in Mexico City are preventing avoidable blindness in older, previously untreated Mexicans.

Listen to the segment here.

 

PandoDaily features Endeavor Turkey Entrepreneur Nevzat Aydin

Leading web publication PandoDaily recently featured Endeavor Turkey Entrepreneur Nevzat Aydin, the co-founder & CEO of online food delivery platform Yemeksepeti.com. Nevzat spoke with reporter Chris Schroeder about his journey as an entrepreneur, which began in 2000 when he quit graduate school in San Francisco, returned to Istanbul, and founded Yemek Sepeti. By the end of its first year, Yemek Sepeti processed 150 orders per day; 12 years later the platform processes 150,000 orders per day. To read about how Nevzat and his team grew their company from 150 orders per day to 150,000 orders per day, read the full PandoDaily article here.

Selected by Endeavor in 2007, Nevzat and his co-founder Melih have received strategic guidance from and introductions to Endeavor mentors, and have attended and participated in Endeavor events around the world. Endeavor’s sustainability vehicle Endeavor Catalyst participated in Yemek Sepeti’s recent $44 million funding round, led by General Atlantic Partners.

 

Register TODAY for the 2013 Endeavor Entrepreneur Summit in San Francisco

Registration the 2013 Endeavor Entrepreneur Summit, taking place this June 19–21 in San Francisco, is now open.

The biennial Summit is a two-and-half day, invitation-only conference around High-Impact Entrepreneurship.

Since 1997, Endeavor’s entrepreneurs have not only become among the most impactful players in their markets, but also have started to assume the role of mentor, investor, and board member within and beyond Endeavor’s network. This Summit’s theme, “Of, By, and For Entrepreneurs,” is a tribute to, and examination of, the high-impact entrepreneur’s many roles to play in his or her ecosystem.

Expect inspiring keynote speakers from a variety of industries, interactive workshops, and networking dinners. Entrepreneurs will refine the tools needed to propel their companies to the next level. Endeavor Board Members, mentors, and partners will meet some of the most exciting entrepreneurs from growth markets around the world.

This is, quite simply, a not-to-be missed event!

Early bird prices for Endeavor Entrepreneurs and Endeavor network members are available until Monday, April 15.

To purchase a ticket for the 2013 Endeavor Summit, please click here.

 

Endeavor Chile company ComparaOnline.com signs strategic alliance with Buscapé Group

Endeavor Chile company ComparaOnline.com, Latin America’s main comparison site for financial products and insurance, recently signed a strategic alliance with Buscapé, founded by Endeavor Brazil Board Member Romero Rodrigues. ComparaOnline.com will acquire Buscape’s financial and insurance oriented brand, Corta Contas.com.br.

Since its launch in 1999, Buscapé has emerged as Brazil’s E-Commerce leader, connecting customers to the products and services of retail companies, financial market and advertising agencies, distributors, and consumer good providers. Under this agreement, Buscapé will join the ComparaOnline board of directors. The companies expect a complete human resource and product merge by the end of the year.

“We’re very excited with this association. ComparaOnline.com is the best operator in this segment in the region, and has been adding a great amount of value to its customers through the efficiencies it generates,” said Romero Rodrigues, CEO and founder of the Buscapé Group.

This alliance is the latest in a string of achievements for ComparaOnline.com. Sebastián Valin Acuña founded the company in 2009 and was selected as an Endeavor Entrepreneur in 2012. That same year, ComparaOnline.com received funding from Kaszek Ventures, a leading LatAm Venture Capital firm founded by two MercadoLibre alums: co-founder & Endeavor Argentina Entrepreneur Hernán Kazah and former CFO & Endeavor Global Board Member Nicolás Szekasy. Today, ComparaOnline.com employs over 90 people and is empowering customers to make informed decisions about insurance products and rates. Valin Acuña hopes to one day take the company public on the NASDAQ.

“We are convinced that together both companies will offer the best service in the industry to both end users as well as insurance or financial companies,” he said. “Buscapé’s decision to form an alliance with us after an in depth market analysis confirms the leading position ComparaOnline has in Latin America.”

Endeavor to Launch a New Country Affiliate in Morocco Focused on High-Impact Entrepreneurship

To read the Business Wire press release on Endeavor’s launch in Morocco, please click here.

Endeavor announced today that it will launch a new affiliate office in Morocco, expanding its efforts to select and service high-impact entrepreneurs across the Middle East.

The affiliate is being launched with the support of the United States Agency for International Development in Morocco, which has provided a grant to launch Endeavor Morocco through its Morocco Economic Competitiveness (MEC) program with the aim of advancing youth entrepreneurship. Additional support for the launch has come from the Citi Foundation EMEA.

This will be Endeavor’s sixth affiliate in the Middle East, North Africa (MENA) region, following successful launches over the past six years in Turkey, Egypt, Jordan, Lebanon and Saudi Arabia. Endeavor has already selected 131 entrepreneurs representing 73 companies in the MENA region and provides these entrepreneurs a range of services including mentoring, access to key networks and introductions to sources of smart capital.

All Endeavor affiliates are spearheaded by a local board of leading business people who share the organization’s vision for screening and selecting entrepreneurs and then providing them guidance to scale their businesses.

The Endeavor Morocco founding board will be chaired by Moulay Hafid Elalamy, President, SAHAM Group. Moulay Hafid Elalamy will be joined on the board by Hicham Berrada, Co-President, Palmeraie Holding; Mohamed El Mandjra, CEO, Meditel; Said Ibrahimi, CEO, Casablanca Finance City; Majid Iraqui, CEO, Jlec; Alami Lazraq, CEO, Alliances; Walter Siouffi, CEO, Citibank Maghreb and Mostafa Terrab, CEO and Chairman, OCP Group.

The board will be joined by an Advisory council of Moroccan business executives including Khalil Azzouzi, General Manager, DAYAM Fund; Ismail Douiri, Director General, Attijariwafa; William Fellows, Advisor, SME and Entrepreneurship Development; Amine Guennoun, General Manager, Residences Dar Saada; Anas Guennoun, Director General, Abraaj Capital Morocco; Khalil Jai Hokimi, Advisor to the CEO, OCP; Mamoun Marrakchi, Founder and CEO, Offset Polyplast and Brahim Slaoui, Director General, Mafoder.

The board nominated Amine Hazzaz to serve as the first Managing Director, overseeing the successful launch of Endeavor Morocco. Mr. Hazzaz has an extensive background in corporate strategy and business development in start-ups and multinationals in Morocco, North America and Japan. His first responsibilities include selecting, mentoring, and catalyzing the first Endeavor Entrepreneur candidates in Morocco in order to magnify their influence throughout the country.

“Morocco is at a critical stage of its economic development and Endeavor will be a big contributor,” said board chair Moulay Hafid Elalamy. “Entrepreneurship will be an increasingly important way to meet young Moroccans’ aspirations for jobs and opportunities.”

“Through our work with high-impact entrepreneurs in the MENA region, we hope to inspire a culture of entrepreneurship, leading to innovation as well as job and wealth generation,” said Endeavor Co-founder & CEO Linda Rottenberg. “We’re very excited by the enormous opportunities to build entrepreneurship in Morocco and the Maghreb.”

 

About Endeavor

Endeavor breaks down barriers that prevent emerging-market entrepreneurs from reaching their high-impact potential. Hailed by NYT columnist Thomas Friedman as the “mentor capitalist” model and “the best anti-poverty program of all,” Endeavor identifies entrepreneurs leading high-growth innovative companies in emerging markets. These entrepreneurs are given world-class strategic advice, access to key networks and other tools that will catapult them to success. With Endeavor’s guidance they become “high-impact” – expanding employment, generating wealth and inspiring others to innovate. Often overlooked, these local entrepreneurs are now jumpstarting private sector development in their countries.

At year-end 2011, Endeavor Entrepreneurs throughout Latin America, South Africa, Turkey, Egypt, Jordan and Lebanon had created more than 200,000 jobs and generated over $5 billion in revenues. In 2012 Endeavor expanded operations to include new affiliates in Saudi Arabia, Indonesia and Greece. For more information, visit www.endeavor.org.

 

About USAID-Morocco, MEC Program

USAID-Morocco is supporting the launch of Endeavor Morocco through the MEC program’s grant initiative. MEC is helping establish a more competitive business climate in Morocco – work that includes strengthening entrepreneurship promotion that targets high potential entrepreneurs. MEC is improving the business climate in Morocco and helping link smallholder farmers to agro-processing companies that MEC is helping to find new markets in Morocco and overseas. The initiatives are creating job opportunities and ameliorating employment conditions in both rural and urban areas.

 

Further Information:
For more information on Endeavor Morocco, please contact Amine Hazzaz at amine.hazzaz@endeavor.org. For further details on Endeavor Global and Endeavor’s entire portfolio of High-Impact Entrepreneurs please contact david.wachtel@endeavor.org (SVP, Marketing & Communications) or Joanna.harries@endeavor.org (Director of International Expansion).

 

Endeavor Entrepreneur Luvuyo Rani featured in the SA Business Times

The Business Day section of the South Africa Sunday Times featured Endeavor Entrepreneur Luvuyo Rani for being “bitten by the entrepreneurial bug,” as the article is titled. Rani was selected by Endeavor in 2011 along with his brother Lonwabo for their IT services company, Silulo Technology.

Luvuyo started out as a teacher in Khayelitsha who wanted to build his own business. With a demand for technology on the rise, he began selling refurbished computers from the boot of his car. In 2004, the Rani brothers launched Silulo and set up an internet café. At first, there were no customers.

 “People need technology but we were pitching to a market that simply didn’t know how to use what we were offering,” Luvuyo said.

They began offering training classes and advice and support, along with IT retail and repair. Now their internet cafés have about 300 to 400 visitors each day.  In six years, Silulo has grown from a single internet café to a US$0.5 million company.

 “I don’t think I was meant for teaching. I was much more in love with entrepreneurship. It’s more about doing something no-one has done and creating employment, and the effect of technology and people learning from us that you can start your business from nothing.”

Silulo continues to expand with the help of Endeavor South Africa. The Rani brothers were recently set up with an Advisory Board and were provided with strategic introductions- an IT company to assist with a new sale system, and the Chair/Founder of one of South Africa’s largest restaurant franchises. Endeavor also connected Luvuyo and Lonwabo to a mentor from Ernst & Young who has provided the accounting and tax advice needed to scale their company.

Luvuyo Rani hopes to build a presence in every province and to possibly franchise Silulo by the end of the year.

See more here.

Endeavor Entrepreneur Bedriye Hülya named Social Entrepreneur of the Year

Endeavor Entrepreneur Bedriye Hülya was awarded Social Entrepreneur of the Year by the World Economic Forum’s Schwab Foundation. Her company, b-fit, is Turkey’s first national chain of women-only gyms.

The Schwab foundation recognizes and supports 24 social entrepreneurs each year for their innovation and global impact. In receiving this honor, Hülya joins the foundation’s network of 234 social entrepreneurs from 59 countries.  She is also invited to attend the 2014 World Economic Forum, where she will meet with political, academic, and business leaders from around the globe.

“Receiving awards like Schwab motivates us in our challenging emerging-market conditions,” said Hülya.

 Hülya’s efforts have helped 25,000 women to collectively lose over 15 tons. With over 160,000 gym members at 220 gyms around the country, staffed by over 500 female employees, b-fit is a platform for the empowerment of women through exercise and education. Hülya has also enabled hundreds of women to own b-fit franchises and thus become entrepreneurs in their own right.

“Although b-fit is sometimes considered discriminative because of its women-only model, we believe that in order to close the huge gender gap in countries like Turkey, where there are neither quotas nor positive discrimination policies for women, we have to provide specific tools focusing on women’s development,” Hülya said.

Since selecting Hülya as an entrepreneur in 2009, Endeavor Turkey has helped her resolve licensing issues, execute a franchise financing strategy, and properly structure financial outsourcing and reporting. B-fit plans to expand throughout the country with the ultimate goal of having one b-fit gym in every Turkish neighborhood.

March 2013 Newsletter

To view Endeavor’s March 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.

Endeavor Entrepreneurs Return to Austin for SXSW

Endeavor brought 18 entrepreneurs to Austin, Texas for SXSW Interactive, the annual conference celebrating the latest innovations in tech, entrepreneurship, media, and more.

Endeavor’s tour began with a trip to The Salt Lick, Austin’s most famous BBQ joint, where execs from TravelShark, Austin Ventures, and Whale Shark Media mingled with entrepreneurs over ribs, cole slaw, brisket, and potato salad.

The tour continued the next morning with a visit to Austin-based HomeAway, the leading vacation rental marketplace. The company was founded in 2005, IPOed in 2011, and today has a $2.5 BN market cap. Endeavor toured HomeAway’s unique office space- including the iconic “bird house,” before sitting down with founders Carl Shepherd and Brian Sharples, the winner of the 2012 Ernst & Young Entrepreneur of the Year Award for the Services Industry. Endeavor Entrepreneurs spoke with Carl and Brian about their aggressive acquisition strategy, best practices in M&A, effectively pricing products, and HomeAway’s future.

After leaving HomeAway, Endeavor spent the afternoon at Whole Foods’ headquarters in downtown Austin. Betsy Foster, Global VP of Growth & Business Development at Whole Foods, presented the company’s mission and core values. Her colleague David Bigham, Global Technology Director, spoke to entrepreneurs about Whole Foods’ latest efforts in the mobile and gaming space.

Later, Lou Aronson talked about how and why he left his career as a lawyer to found Votifi, a civic engagement platform. He also stressed the importance of agility, as the feedback on Votifi he received at SXSW 2012 led him to shift the business model and create Discourse Analytics, a political insights and analytics provider.

Travis Murdock and Mike Brito, Vice Presidents at leading Public Relations firm Edelman, shared their favorite networking apps, best practices for attracting PR at a large-scale event like SXSW, and several case studies, including case studies on Endeavor Entrepreneur companies The Online Project (Zafer Younis and Ramzi Halaby, Jordan) and Mural.ly (Mariano Suarez Battan, Argentina).

Maher Kaddoura, Endeavor Jordan Board Member and former Managing Partner of Accenture Middle East, closed the afternoon with his Falafel Theory of Innovation, arguing that to effectively scale your company, you must specialize in one specific area- like making falafels at a superhuman rate.

On March 11th, Endeavor Entrepreneurs attended a private breakfast meeting with Scott McNealy, the Co-Founder & Former CEO of Sun Microsystems and the Chairman of Wayin. McNealy spoke to entrepreneurs about why he decided to become Wayin’s Chairman, leadership challenges and opportunities, and succession planning for the entrepreneurs’ companies. The Silicon Valley legend called Endeavor Entrepreneurs “heroes” for their role in creating jobs and opportunities in their countries.

Endeavor’s SXSW tour ended with a cocktail party at Malaga co-hosted by GigaOm and attended by journalists, Venture Capitalists, entrepreneurs, and start-up execs.

In addition to attending Endeavor-arranged events, entrepreneurs received invites to what is arguably the most important aspect of SXSW: social events. Entrepreneurs networked at parties hosted by Austin Ventures, Intel Capital/Mural.ly , Scopely, Wayin, and WeHostels.

Endeavor Entrepreneurs and staff with HomeAway founders Brian Sharples and Carl Shepherd

 

Endeavor Entrepreneurs and staff at breakfast with Scott McNealy (Co-Founder & Former CEO, Sun Microsystems; Chairman, Wayin) and his wife, Susan

 

Words of wisdom at HomeAway

 

Words of wisdom at Whole Foods HQs

 

Edelman exec Travis Murdock presents a case study on Mural.ly, Mariano Suarez Battan’s company.

 

Endeavor Argentina Entrepreneur Mariano Suarez Battan (Three Melons, Mural.ly), staff member Travis Marchman, Endeavor South Africa candidate Zukhanye Mayekiso, and Endeavor Argentina Entrepreneur Pablo Orlando (GoodPeople)

 

Endeavor Entrepreneur Nikos Kakavoulis of Daily Secret speaks at SXSW Interactive about “Growing a Business in a Submerged Economy (Greece).”

 

 

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