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Argentina’s Technisys Raises $13 Million in Funding Round, Receives Participation From Endeavor Catalyst

Technisys, an Endeavor Argentina entrepreneur company, raised $13 million in a Series B round of funding that included participation from Intel Capital, Alta Ventures, KaSZeK Ventures, Endeavor Catalyst and existing investor Holdinvest. Technisys has brought an […]

October 17th, 2014 — by admin

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South Africa’s wiGroup Wins 2014 PwC Vision to Reality Award

South Africa’s wiGroup was recently honored with the 2014 PwC Vision to Reality Award, which celebrates dynamic companies in the technology sector that have demonstrated growth and innovation. wiGroup’s mobile transactions application is leading the region’s point-of-sale sector […]

September 23rd, 2014 — by admin

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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

Endeavor Uruguay Spotlights Entrepreneur’s Multiplier Effect, Featured in El País

EndeavorUruguayEndeavor Uruguay recently published a map of Endeavor’s Multiplier Effect in the country, highlighting the local entrepreneurship ecosystem and the contributions of Endeavor Entrepreneurs. Published as part of Uruguay’s 2013 Impact Report, the map focuses on the impact of Endeavor Entrepreneur Gabriel Colla, founder of IT services firm Infocorpand the employees, investments, and ventures he has inspired throughout Uruguay. Endeavor has also mapped the Multiplier Effect in affiliate countries including Argentina, Colombia, Turkey, and Chile.

Top Uruguayan newspaper El Pais interviewed Gabriel as a result of the map, spotlighting his work as an Endeavor Entrepreneur and mentor. His Multiplier Effect  the companies, entrepreneurs, partners and employees he and Infocorp have influenced over the years  reaches over 30 of the region’s top tech and startup ventures, with many outside of the Endeavor network. In the article, Gabriel discusses the mutually beneficial relationships between mentors and entrepreneurs that encourage collaboration, knowledge-sharing and community building in ecosystems that need it the most. Read the full article in Spanish by clicking here.

Since his selection as an Endeavor Entrepreneur in 2002, Gabriel has become an Endeavor success story, leveraging the mentorship and advisory services provided to him to grow Infocorp from a small software training company into a global technology solutions firm with clients in over a dozen countries. As an active Endeavor mentor, Gabriel now provides guidance and recommendations to potential entrepreneurs in the pipeline.

View Gabriel’s Multiplier Effect in the 2013 Endeavor Uruguay Impact Report below, or by clicking here.

Indonesia’s Kebab Turki Baba Rafi Expands to Brunei and Singapore

logo_Kebab-TurkiKebab Turki Baba Rafifounded by Endeavor Entrepreneur Hendy Setiono, recently announced that it has expanded its chain of fast food outlets to Brunei and Singapore. As part of a global expansion effort to enter 10 new countries by the end of the year, this announcement demonstrates a critical step towards achieving that goal. The steady success of Baba Rafi illustrates the impact that scaleup entrepreneurs can have on regional economies and job growth given access to the right mix of mentorship and professional development opportunities. 

Having reached a cooperation agreement with five other countries including Malaysia, the Philippines, the Netherlands, China and Sri Lanka, the opportunities in Brunei and Singapore cement the chain’s international reach. As two of the key markets in Southeast Asia, the strategic positions and economic impact of these countries ensures that Baba Rafi is well on its way to becoming a globally recognized brand.

What began in 2003 as a street cart operated by Hendy, Baba Rafi is now one of the world’s largest kebab food chains with more than 1,100 franchised or company-owned outlets. The “Baba Rafi Academy”, an educational platform for employees, was also started as a means to inspire social and environmental responsibility in future generations of business leaders. Since joining the Endeavor network in 2013, Hendy has received strategic mentoring from a local board of  advisors along with ongoing support from the team at Endeavor Indonesia. In addition, Hendy’s high-impact success has allowed him the opportunity to become an Endeavor mentor for potential entrepreneurs looking to join the network.

Read more about the announcement from Endeavor Indonesia by clicking here

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Hendy Setiono during a panel interview at the 51st ISP

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