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Miami’s Kairos Acquires Emotion Analysis Firm IMRSV, Expands Product Offerings

The Miami-based facial recognition software company Kairos, founded by Endeavor Entrepreneur Brian Brackeen, announced that it has acquired the emotion analysis company IMRSV for $2.7 million. A New York-based startup, IMRSV will be folded into Kairos’ business structure […]

April 14th, 2015 — by admin

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UAE’s The Qode, A Luxury Brand Management Agency, Highlighted in Entrepreneur Middle East Magazine

Endeavor Entrepreneurs Dipesh Depala and Ayman Fakoussa, co-founders of The Qode, were featured in Entrepreneur Middle East magazine as part of a profile on luxury marketing and leadership in the region. The entrepreneurs’ company is a brand management and […]

March 10th, 2015 — by admin

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South Africa’s Silulo Ulutho Technologies Honored by Junior Chamber International for Entrepreneurial Accomplishment

siluloSouth African entrepreneur Luvuyo Rani, who co-founded Silulo Ulutho Technologies with his brother Lonwabo Rani, was honored by Junior Chamber International (JCI) as a top “Ten Outstanding Young Persons of the World”  in the business, economic and entrepreneurial accomplishment sector. Silulo Ulutho is a leading regional IT solutions firm that encompasses computer training courses, internet cafés, business centers and IT retail and repair services.

Luvuyo represented South Africa at the JCI World Congress in November in Leipzig, Germany as one of only two Africans nominated for the award. The JCI Ten Outstanding Young Persons of the World program honors 10 outstanding young people under the age of 40 each year. These individuals exemplify the spirit of the JCI mission to serve their communities and provide extraordinary service to their regions. Whether through service, innovation, determination or revolutionary thinking, they create positive impact on a local and global level. These ten exceptional individuals were honored at the 2014 JCI Awards Ceremony on November 28th during the World Congress event.

Growing up in a small town in South Africa, Luvuyo received an education in technical skills and business administration. After teaching accounting and entrepreneurship at the high school level, Rani decided to change his career path and focus on increasing access to technology in his hometown. He started by opening an Internet café that also offered computer training and IT support for local citizens. Expanding his services from the Internet café to a full-scale business, Rani and his brother started Silulo Ulutho, selling refurbished computers, providing IT training and writing business profiles and plans for local businesses. Their work addresses the IT skills gap faced in their community with a specific goal to reduce unemployment by creating sustainable job opportunities.

Selected in 2011, Silulo continues to expand with the help of Endeavor’s network. The Rani brothers were set up with an Advisory Board and were provided  introductions to local business leaders with expertise in everything from IT services to restaurant management. Endeavor also connected Luvuyo and Lonwabo to mentors from top partners like EY, which provided the team with strategic financial guidance.

Learn more about the JCI awards by clicking here.

Chile’s Drillco Tools Visits Endeavor South Africa; Explores Regional Expansion

drillco toolsChilean entrepreneur company Drillco Tools, founded by Rolando Carmona, recently sent Managing Director Jorge Correa to visit Johannesburg, South Africa for a mining-focused exposition. During his visit, the Endeavor South Africa office was able to assist Jorge with arranging meetings with local business leaders as the company explores the potential for a South African expansion. Demonstrating the reach and impact of Endeavor, Drillco was able to leverage the network’s resources on a global scale.

While Jorge’s initial visit in November was only for a week, team members from Endeavor South Africa were able to help him secure meetings and introductions with industry players both in entrepreneur and mentor networks. As a result, he intends to return again for follow-up meetings as Drillco explores the viability of an expansion into the region.

Among other events throughout Jorge’s visit, Endeavor was able to help arrange:

– Interviews with candidates for a Business Development manager position, which was facilitated and administered by Endeavor Entrepreneur company CallForce Driect, founded by Candice Roberts

– A partnership with a network member to facilitate business registration in South Africa on behalf of Drillco

– A partnership with a network member to assist in the sourcing of office space for Drillco

– A meeting with the procurement manager of De Beers Group of Companies

Since joining the Endeavor network in 2003,  Rolando has served as both a panelist and mentor for the Endeavor network, giving back to the local ecosystem by supporting the next generation of Endeavor Entrepreneurs. Drillco has also benefited from a number of network connections with business leaders and other entrepreneur companies, as well as Endeavor talent initiatives including the eMBA, G-Lab and EY Vantage programs.

Watch below for a video about Jorge’s visit to South Africa:

Colombia’s Ecoflora Receives Investment from Impact Investment Firm EcoEnterprises Fund

Colombia’s Ecoflora, founded by Endeavor Entrepreneur LogoEcoflora2Nicolás Cock Duque, recently received an investment from impact investment firm EcoEnterprises Fund. The investment represents the first investment of the Fund in a Colombian company. A biopesticides company based in Medellin, Ecoflora is an innovative business that focuses on developing natural solutions for integrated and sustainable pest and disease management.

With products derived from plants and the rich biological environment in Colombia, the company has successfully created several lines of plant-based biopesticides for both regional and global markets. Ecoflora has transformed the region’s industry and demonstrated Colombia’s potential for high-impact entrepreneurial growth. With over 15 products and 30 applications developed over the past decade, the company is a testament to the potential of emerging markets to drive innovation, having already filed for nearly a dozen patents on an international scale.

“There has been a rising demand in consumer preferences for more natural, less toxic sustainable agricultural products. Growers are feeling increasing pressure to reduce residues downstream, from food processors to the largest food retailers. The result has been that biological solutions have gained more market traction and share,” said John McKenna, Senior Investment Officer for EcoEnterprises Fund. “The efficacy, biodegradability and non-toxicity of Ecoflora’s products offer an environmentally sustainable and holistic approach to crop management solutions compared with traditional methods. This has significant positive environmental and social impact benefits.”

Biopesticides currently represent only 4% of the $50b global pesticide market, yet demand for the products are growing five times faster than the more common synthetic chemical pesticides. The impetus behind this trajectory has been rising competition for new and improved products and consumer trends for natural, less toxic sustainable agricultural products. Biopesticides are derived from natural materials as animals, plants, bacteria, and certain minerals.

Ecoflora currently sells its products in Colombia, Ecuador, Peru and Costa Rica. The Company recently received EPA approval in the United States for one of its core products and is expecting additional regulatory approvals in other countries within the next 24 months. Since being selected as an Endeavor Entrepreneur in  2007, Nicolás has been an active network member, receiving  local publicity support and mentorship while also participating in the eMBA and G-Lab programs, the 2013 Endeavor Summit, and more.

Endeavor Investor Network’s Mexico Venture Forum Gathers 140+ Investors and Entrepreneurs in Monterrey

Investor network LogoOn November 19th and 20th, Endeavor Global and Endeavor Mexico hosted the final Investor Network Event of 2014 in Monterrey, Mexico. The event gathered leading US and Mexican venture investors as well as Endeavor Entrepreneurs and candidate companies from Mexico, Argentina, Colombia, Peru. In total, over 140 participants attended the two day event.

The event kicked off with a keynote presentation by Manuel J. Molano from the Mexican Institute for Competitiveness (IMCO), who gave an overview of Mexico’s macroeconomic outlook over the next few years.  This was followed by an “investor-only” roundtable discussion, featuring Hernan Fernandez (Angel Ventures Mexico) & Rogelio de Los Santos (Alta Ventures), focused on the challenges and opportunities to building a sustainable venture ecosystem in Mexico. Simultaneous to this session, Endeavor Mentor David Frazee led a workshop for Endeavor Entrepreneurs on best practices in raising venture capital.

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Participants of the 2014 Mexico Venture Forum in Monterrey

A subsequent panel moderated by Kristen Durham (Silicon Valley Bank) highlighted the role of corporate venture groups and corporate acquirers in Mexico’s ecosystem.  The session featured representatives from leading corporates active in Mexico including Jose Antonio Fernandez (FEMSA), Rodrigo Gutierrez (Payback Mexico/American Express), and John Hyland (Assured Labor/Monster.com).  During the afternoon, over 240 formal speed-networking connections were made during two rounds of one-on-one networking between Endeavor Entrepreneurs and Investor Network Members.

Day two of the event brought together key players from the broader Mexican ecosystem including local family offices and accelerator companies. During the breakfast sessions, global investors had an opportunity to connect with local venture capital firms and family offices while Endeavor Entrepreneurs had a chance to network with accelerator companies from Monterrey.

The morning consisted of two sessions. In the first, global investors David Frazee (Richmond Global), Martin Gedalin (Lumia Capital) & Nazar Yasin (Rise Capital) gave “TED-style” talks highlighting their firms’ approach toward investing and why they want to do business in Mexico. In the session that followed, Arturo Galvan (Naranya), Toby Clarence-Smith (Petsy), Manolo Diaz (Yogome) and Antonio Diaz (Provive) took to the stage to discuss the new innovations and opportunities present in their verticals.

The afternoon consisted of seven different breakout sessions (organized by vertical) that investors could choose to attend depending on their interest. Each session featured 6-7 entrepreneurs from a specific vertical (e.g. mobile, platforms, ed-tech/health-tech, traditional industries, social impact, etc.).

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.

Endeavor Hosts Retail, Food & Beverage Tour for Endeavor Entrepreneurs, Features Presentations from Top Industry Brands

retailfnbEndeavor hosted a Retail, Food & Beverage Industry Tour for select entrepreneurs in its network, providing them with a rare look into the operations of  some top global brands in each industry. The two-day tour included a mix of presentations, networking events and site visits, where executives and experts from a variety of fields provided insights into their businesses.

The tour kicked off at the Endeavor Global offices in New York City with presentations from executives from Goode Partners, Red Antler, Silas Capital, General Atlantic, and Barclays. The morning sessions focused on topics ranging from financing growth to branding to startup strategies. Amir Fayo, an NYC-based Brand Architect, also led an exciting morning session on Emotional Branding for the entrepreneurs. Next, the tour was divided into two segments, one aimed at Retail and the other at Food & Beverage. The Retail track brought entrepreneurs on a tour with Design Within Reach, a luxury home goods and furniture brand, which highlighted the company’s digital transformation. They then moved on to a site visit to e-commerce giant Gilt, which discussed recruitment, customer service and more with the participants. The Food & Beverage track featured presentations from OLO, a digital food ordering provider, and a site visit to Craft Restaurants Group. The visit to Craft allowed participants to learn about expansion strategies and tour the company’s facilities.

The final day of the tour brought all of the participants on a walk through of the rapidly growing retail chain Eataly, which focuses on food and cooking goods. Participants then split into Retail and Food & Beverage tracks again, with the Retail segment meeting with Cipriani Accessories and moving on to visit the offices of international luxury brand Tory Burch, who spoke to the group in-person on growing a billion-dollar business. The Food & Beverage segment met with representatives from NYC-based fast-casual restaurant chain Dig Inn and discussed customer loyalty strategies with FanXchange, an online re-seller of event tickets.

See social media highlights from the tour below.

MercadoLibre’s Marcos Galperin Joins Board of Argentina Entrepreneur Company Onapsis

OnapsisMercadoLibre CEO Marcos Galperin, a board member of Endeavor Argentina and one of Endeavor’s first entrepreneurs, joined the Board of Directors of Onapsis. Founded by Endeavor Entrepreneurs Mariano Nuñez and Victor Montero, Onapsis is a leading business security solutions provider to top technology firms like SAP and Oracle. This news demonstrates the power of Endeavor’s model and the importance of entrepreneurs who give back to their local ecosystems.

Onapsis gives organizations the adaptive advantage to succeed in securing business-critical applications by combining technology, research and analytics. Onapsis enables every security and compliance team an adaptive approach to focus on the factors that matter most to their business– critical applications that house vital data and run business processes including SAP Business Suite, SAP HANA and SAP Mobile deployments.

“I understand, first-hand, the importance of securing complex and critical business systems,” said Mr. Galperin. “The data and information that is held within applications such as enterprise resource planning, supply chain and business intelligence is critical to the running of a large business. With the rise of security breaches, enterprises are quickly realizing the importance of securing these critical applications. Onapsis has a strong vision, talented and committed entrepreneurs and founders, and a relevant set of solutions that combine technology and expert knowledge. It was a sound investment, and I am excited to join the Board of Directors to further support the rapid growth of the business.”

Selected in 1999 and most recognized for co-founding MercadoLibre, the largest e-commerce ecosystem in Latin America, Galperin is considered to be a top internet entrepreneur. MercadoLibre has over 3,000 employees, operates in 13 countries and delivers a robust online trading environment with over 80 million transactions conducted in the last 12 months. The company and its three founders have become Endeavor success stories and champions of the organization and its entrepreneurs worldwide. Prior to being appointed, Galperin had also invested in Onapsis.

“Mr. Galperin’s vast experience in building and maintaining a robust business- with technology that has scaled to 13 countries and to over 110 million registered users – is an incredible asset to Onapsis,” said Mariano Nuñez, CEO of Onapsis. “We look forward to benefiting from his insight and counsel. He has been a supporter of Onapsis, our mission and the need to secure business applications since the beginning. Having him join our Board is a great endorsement to our team and the execution of our mission.”

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.

Read more about the news in Onapsis’ press release by clicking here.

Turkey’s Yemeksepeti Expands to Eight Countries with Majority Acquisition of Jordan’s ifood.jo

Yemeksepeti

Yemeksepeti, a leading Turkish food ordering website founded by Endeavor Entrepreneurs Nevzat Aydın, Melih Ödemiş and Cem Nufusi , has announced its acquisition of a majority stake in the Jordanian site ifood.jo. The company has expanded its operations to eight countries with this latest acquisition as it looks to become the top service of its kind in the MENA region.

The Jordanian brand becomes the fourth brand to join Yemeksepeti’s expanding portfolio, alongside Yemeksepeti.com, foodonclick.com, and clickdelivery.gr. In total Yemeksepeti serves over 3.5 million registered users and takes over 100,000 orders per day. ifood.jo, which launched in January 2012, is a market leader in Jordan, serving 25,000 registered users per year and an average of 500 orders per day. It is partnered with over 200 restaurants in Jordan, according to the company’s website.

“Jordan’s startup ecosystem is in its blossom period,” said Yemeksepeti’s CEO Nevzat Aydin. “It has a young and early adapter demographic, mindful entrepreneurs who want to make a difference, and local and international investors who are keen on the regional opportunities.”

It is just over a year since Yemeksepeti’s expansion into Saudi Arabia and Lebanon with FoodOnClick. Before that, in 2012, it was the injection of a funding round from New York’s General Atlantic that helped them launch into the MENA region.

In order to continue to grow their reach, which also extends to Russia, Aydin said in a statement that “understanding the dynamics of the emerging markets is major to our motivational and tactical force. We believe that with this know-how, we will succeed also in Jordan and help ifood.jo to reach its milestones and potential. Meanwhile, we plan to continue our global expansion with similar investments.”

Selected by Endeavor in 2007, Yemeksepeti’s founders have received strategic guidance from and introductions to Endeavor mentors, and have attended and participated in a number of Endeavor events around the world. Endeavor Catalyst also participated in Yemeksepeti’s 2012 $44 million funding round, led by General Atlantic Partners.

Read more about the acquisition news in Wamda by clicking here.

Our Current Impact Report

Screen Shot 2014-11-12 at 2.56.28 PMThe 2013-2014 Endeavor Global Impact Report is now available. This year’s report features updated profiles on the global offices, vibrant new visuals of Endeavor’s impact, and highlights of key milestones from the past year.

View the digital report by clicking HERE and learn more about the ways in which high-impact entrepreneurship is transforming growth markets, supporting local economies and innovating for future generations.

A special thanks to Open for their great design work on this year’s report.

 

 

 

Endeavor Insight and the Partnership for New York City Release “The Power of Entrepreneur Networks” Study of Nearly 700 Industry Trailblazers

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Endeavor, with support from The Partnership for New York City and Barclays, released a report titled, “The Power of Entrepreneur Networks: How New York City Became the Role Model for Other Urban Tech Hubs” which identifies how founders who reinvest their success into others have greatly accelerated New York City’s tech growth.

“Endeavor has produced the first comprehensive analysis of the entrepreneurial ecosystem that has built Silicon Alley into a global center of innovation,” stated Kathryn Wylde, President & CEO of the Partnership for New York City.

“As companies become more successful, their founders are more likely to mentor, angel invest and become serial entrepreneurs. Companies that are connected to a top-performing company are twice as likely to become top-performers themselves,” said Fernando Fabre, President of Endeavor. “It’s a worldwide pattern that is an important building block for entrepreneurship.”

Over the past year, Endeavor conducted nearly 700 interviews with NYC tech entrepreneurs, combing through combined data from AngelList, Crunchbase and LinkedIn, with the aim of identifying lessons that leaders in other cities could use to support the growth of their own tech sectors. The study indicates that within the City’s tech sector, between 2003 and 2013: more than 2,200 companies were founded; there were 336 IPOs and acquisitions; $14.2 billion in investments and $18.1 billion in startup exits.

Key takeaways:

– New York City is the best role model for other urban tech hubs. It is the second largest tech hub in the world by most measures and the fastest growing over the last decade.
– Data from over 2,500 companies show that top-performing tech entrepreneurs are more likely than their peers to start new companies, encourage their employees to do the same, mentor, angel invest and inspire other entrepreneurs.
– Data from New York City’s tech sector debunks several common startup myths. For instance, the average NYC tech founder is thirty one years old and is more likely to have studied a non-technical subject in college than a technical one.

Highlights:

– Between 2003 and 2013, the New York City tech sector has grown twice as fast in terms of dollars invested as Silicon Valley’s, with its companies raising more than $3.1 billion in funding in 2013.
– Between 2010 and 2013, the number of New York City tech employees grew by more than 26% annually. Based on 2013 tax rates and a $100,000 average salary, the City could add nearly $160 million annually in new tech employee income tax receipts by 2019 and over $500 million by 2024.
– Tech companies led by local entrepreneurs directly employ 53,000 people, over 1% of New York City’s workforce.
– Venture funding for tech companies in New York City increased by 240% from 2003 to 2013, and more than 85% of the sector’s current companies and 86% of its current jobs were created during this time.

The report has also received media coverage in outlets including The AtlanticAM New York, NY Business Journal, The Huffington Post and Crain’s. Read the full report at www.nyctechmap.com and below.

 

2014 Endeavor Gala Honoring The Abraaj Group’s Arif M. Naqvi Brings Together 400+ Members of the Global Network

2014Gala

On Friday, November 7, 2014, the Endeavor Gala brought together over 400 entrepreneurs, business leaders, Endeavor Board members and supporters in New York City to celebrate the power of Endeavor’s network. As Endeavor’s only annual fundraising event, the Gala is held in support of the organization’s mission to select, support and scale high-impact entrepreneurs in markets worldwide.

This year, the number of attendees included 18 Endeavor Entrepreneurs from seven countries and over 40 Endeavor board members from 15 countries, representing a total of 16 Endeavor affiliates. The event highlighted the power of Endeavor to transform global economies, with a particular focus on the connections made between cities, countries and regions. Endeavor now operates in 22 markets around the world with a goal of expanding to 25 countries by 2015.

The Gala honored Arif M. Naqvi  – founder and Group Chief Executive of The Abraaj Group – as the 2014 High-Impact Entrepreneur of the Year. 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. 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.

During the event, Endeavor co-founder and CEO Linda Rottenberg and Global Board Chairman Edgar Bronfman, Jr. addressed the growth of the organization over the past 17 years and the high-impact entrepreneurs that have become inspirations across the network, from Argentina to Saudi Arabia. This year’s gala video featured one such success story, following the journey of Argentine entrepreneur company Globant from the team’s selection in 2005 to their IPO on the NYSE in 2014.

“The road is long, lonely and full of potholes,” Rottenberg said in her address. “Endeavor is where dreamers and do-ers come to get unstuck.”

Mr. Naqvi then took the stage to discuss the importance of supporting leaders and visionaries in growing markets, where a young generation of entrepreneurs are shaping the  global economy.

“I’ve grown up in growth markets and I’ve had the privilege of building my business in those markets – in economies that are being heralded all around the world as the drivers of global growth,” Mr. Naqvi said in his speech. “All of these changes are driven by young, aspiring business leaders that inhabit these worlds…these people are the ones that will change the world of tomorrow.”

The program ended with a performance by Atlantic Records recording artist Max Frost. After dinner, attendees enjoyed the annual after-party with special guest DJ Hannah Bronfman.

View social media highlights from the event below, watch all of the speeches on Endeavor’s YouTube channel, and see photographs from the night on Endeavor’s Facebook.

 

A special thanks goes to Sarah Merians Photography & Video for capturing the celebrations.
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