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Endeavor Investor Network’s Latin American Venture Forum Gathers 160+ Entrepreneurs and Investors in Bogotá

Last week, Endeavor Global and Endeavor Colombia hosted the inaugural Latin American Venture Forum in partnership with Bancoldex. This event gathered over 30 of the most active regional funds in Colombia for a day of content, discussion […]

September 16th, 2014 — by admin

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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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Endeavor Greece Reports on Youth Job Creation, Focuses on the Need for High-Impact Entrepreneurship

endeavor-greece-logo-454280Endeavor 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.

Endeavor eMERGE California Event Spotlights Growing Tech Markets Worldwide

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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.

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Gigaom Structure panel moderated by Endeavor President Fernando Fabre

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.

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Investors and entrepreneurs connecting at the Endeavor Investor Network session

“[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:

 runrunAntonio 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.

GoIntegroFounded 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.

apstrataLebanon’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.

inzpiralChile’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.

Wormhole-IT-Formación-con-tecnología-Live-learningArgentina’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.

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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.

Argentina’s Onapsis Raises Nearly $10 Million; Endeavor Catalyst Participates in Funding Round

OnapsisOnapsis 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.

Read the press release here and see media coverage of the news in VentureBeat.

About Endeavor Catalyst

Endeavor-Catalyst-LogoEndeavor 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 allen.taylor@endeavor.org.

Endeavor Entrepreneurs Attend EY’s World Entrepreneur of the Year Awards in Monaco

ey_logo_detail copyEY 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.

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Entrepreneurs Hendy Setiono, Michel Cohen and Silvana Leibenberg at the WEOY event

Globant’s Guibert Englebienne Named Chairman of Endeavor Argentina

endvr_argentinaEndeavor 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.

Endeavor Chile’s Experiencia Event and Retreat Convenes Top Members of the Local Network

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Endeavor Chile hosted its first Endeavor Experiencia event and 10th Annual Endeavor Retreat in June. More than a thousand people gathered at Santiago’s National Museum of Fine Arts for the day-long Experiencia event, which was designed to inspire and promote networking among entrepreneurs and stakeholders. In addition, the Endeavor Chile Retreat brought together local Endeavor Entrepreneurs and board members to celebrate achievements and highlights from within the network.

The Experiencia consisted of a series of workshops, round-table conversations and keynote talks that highlighted the importance of high-impact entrepreneurship and promoted interest in investment and growth in Chile. Attended by Endeavor Entrepreneurs and network members, the event emphasized the work of Endeavor in Latin America and the ecosystems of entrepreneurship that have developed in recent years. Experiencia events have also been hosted by Endeavor Argentina and Endeavor Uruguay. Read more about Chile’s event by clicking here.

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Attendees and spectators attend the first Endeavor Experiencia in Santiago

During their 10th Annual Retreat, Endeavor Chile elected entrepreneurs Karina von Baer, founder of Agrotop, and Jorge Nazer, founder of ALTO, to  join the affiliate’s national Board of Directors for a two year term. The Retreat also hosted the 2013 Endeavor Chile Awards, which recognized the commitment and efforts of the network’s volunteer mentors, senior advisors, entrepreneurs, and more.

“I am very thankful for this opportunity,” Jorge said about his selection to the board. “I am committed to promoting entrepreneurship in Chile and being the voice that defends entrepreneurship as the best way to overcome poverty and generate social mobility.”

The Wall Street Journal Features Endeavor’s Role in Miami’s Entrepreneurship Scene

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The Wall Street Journal recently profiled Endeavor Miamis work with local entrepreneurs in an article exploring the city’s rapidly growing entrepreneurship ecosystem. Driven in part by companies hoping to gain a foothold in Latin America, the city is now positioned as a major gateway into the region’s emerging markets. Launched in 2013, Endeavor Miami works to uncover the city’s potential by supporting the businesses that are demonstrating the most high-impact growth and innovation.

WSJ highlights examples of local tech entrepreneurs who are beginning to reinvest in the city’s ecosystem, having grown their own Miami-based businesses into multi-million dollar brands. The article calls out the work of Endeavor Miami Board Member and mentor Andres Moreno, whose Open English, an online English-language school platform, now employs over 2,000 people across seven offices. 

Venture capital investments in Miami rose to $369 million in 2013 from $102 million in 2010, according to WSJ’s data, placing it among some of the country’s top startup markets. At the same time, Miami still faces key challenges in the market including a lack of local funding sources, talent access and mentors. With support from the Knight Foundation, Endeavor’s launch in Miami sought to tackle these challenges by finding and fostering high-impact entrepreneurs, having already selected five entrepreneurs from three companies into the network. In particular, the article mentions the efforts of Endeavor Entrepreneur Jesus Rodriguez, whose mobile software venture KidoZen has grown into a $5 million operation.

Read the full article in WSJ by clicking here.

June 2014 Newsletter

June2014To view Endeavor’s June 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 Investor Network Event in London Brings Together 60+ EMEA Entrepreneurs and Investors

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On May 22nd, the Endeavor Investor Network hosted a one-day event in London that brought together over 60 Endeavor Entrepreneurs, candidate companies and investors from across Europe, the Middle East, and Africa (EMEA). Endeavor Entrepreneurs from Greece, Jordan, Lebanon, Morocco, Saudi Arabia, South Africa, Turkey and the UAE attended, with over 200 entrepreneur-investor connections made by the end of the day. The intimate event is the culmination of Endeavor’s efforts in EMEA to select and connect the best entrepreneurs with mentors and equity partners from the region and beyond.

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A panel discussion with investors and entrepreneurs

The event kicked off with an “investors-only” round table, giving local venture capital representatives from Endeavor’s markets the chance to connect with their London-based counterparts. Much of the discussion focused on the latest developments in the Turkish market, with Istanbul-based investors Ali Karabey (212 Ventures), Berkin Toktas (Revo Capital), and Cankut Durgun (Aslanoba Capital) all weighing in.

Allen Taylor – Vice President at Endeavor and the head of the Endeavor Catalyst co-investment vehicle – noted that Turkey has been a particularly active market.

“Since launching Endeavor Catalyst in January 2012, we have made more co-investments in Turkey than any other Endeavor market – including AirTies; Yemeksepeti.com (with General Atlantic); Peak Games (with Hummingbird Ventures and Earlybird Venture Capital); and, most recently Lidyana.com.” A number of London-based firms have also been active in Turkey and agreed that the market has solid fundamentals and strong growth prospects for the long-term.

Along with the round table, a panel was held for all of the Endeavor Entrepreneurs and candidates in attendance. Chris Grew, Partner at Orrick, Herrington and Sutcliffe and Tom Johnson, Head of UK Equity Capital Markets at Barclays, discussed topics ranging from legal best practices for raising capital to the evolving investment climate in emerging markets.

The afternoon consisted of three more consecutive panel discussions. In the first, Jordan’s Ala’ Alsalla  of Jamalon and the UAE’s Mona Ataya of MumzWorld took the stage with Pamir Gelenbe (Hummingbird Ventures/MarkaVIP) and Berkin Toktas (Revo Capital) to discuss the state of e-commerce in EMEA. A fireside chat followed featuring Peter Cummins (Monitise) and Turkey’s Firat Isbecer of Pozitron, whose company was acquired by Monitise earlier this year for $100 million.

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Entrepreneurs and investors in the speed-networking session

The final panel spotlighted liquidity in EMEA’s capital markets and featured Chris Caulkin (General Atlantic), Mark Read (WPP Digital), Ali Karaby (212 Ventures), Sean Yu (Parasut) and Lebanon’s Herve Cuilivez of Diwanee. Together, these panelists represent the value chain in EMEA’s capital markets, which led to an engaging discussion among attendees on ways to build better companies across the region.

The day ended with two rounds of one-on-one speed-networking between Endeavor Entrepreneurs and Investor Network members including teams from Amadeus Capital Partners, Accel Partners, General Atlantic and EBRD Ventures. In total, 18 firms and entrepreneurs connected for 10 minutes each, resulting in the impressive 200+ entrepreneur-investor connections.

View the event booklet here for a list of all of the entrepreneurs and investors in attendance and learn more about the Endeavor Investor Network by clicking here.

Representatives from Five Endeavor Entrepreneur Companies Attend EY Strategic Growth Forum in Shanghai

ey_logo_detail copyRepresentatives from five Endeavor Entrepreneur companies attended EY’s Strategic Growth Forum (SGF) this month in Shanghai, joining  nearly a thousand attendees in two days of networking and discussion around growth strategies in China and other international markets. With China’s rapidly growing influence on the world economy, the SGF offered attendees the chance to learn about key regional issues including government regulation, industry innovation, talent development, and corporate sustainability.

 The entrepreneurs’ companies that were represented, including Brazil’s Toys Talk and Uatt?, Egypt’s E-MasaryIndonesia’s Baba Rafi and Greece’s Out There Media, had the opportunity to explore the vast investment market in China and hear from some of Asia’s top business and industry leaders. As an Endeavor partner, EY has offered valuable services to Endeavor Entrepreneurs through events like these and sponsored programs like the EY Vantage Program.

To view highlights from the Forum, including recaps of each panel session, click here.

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Entrepreneurs and EY representatives during an SGF dinner

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