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31 High-Impact Entrepreneurs from 15 Countries Join the Endeavor Network at the 54th Selection Panel in New York City

New York, NY – August 14th – Endeavor selected 31 high-impact entrepreneurs leading 21 companies in 15 countries at its 54th International Selection Panel. Endeavor now supports 948 High-Impact Entrepreneurs from 606 companies across 20 […]

August 14th, 2014 — by admin

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Endeavor Entrepreneur Companies Featured in The Economist Ranking of Top Internet Companies

The Economist recently charted the top three internet and technology companies in 50 countries based on data from the World Startup Report. The ranking demonstrates the number of emerging markets with growing tech scenes that are succeeding outside of the […]

July 14th, 2014 — by admin

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Mexico’s Intellego and Chile’s Agrotop Named World Economic Forum Global Growth Companies in Latin America

World-Economic-ForumMexico-based Intellego, founded by Endeavor Entrepreneurs Felipe Labbe and Eduardo Graniello, and Agrotop, founded by Endeavor Entrepreneur Karina von Baer, was recently named by the World Economic Forum as Global Growth Companies (GGC) of 2014, which highlights 16 of the region’s most innovative and high-impact companies. With growth rates above their industry averages, GGCs are ventures with the potential to become economic leaders based on their business models, growth records, and leadership in the markets they serve. The Forum’s GGC community has now grown to over 360 companies representing more than 65 countries.

After realizing that Mexican businesses needed a better way of storing large amounts of information without relying on external databases, Felipe and Vicente founded Intellego to offer solutions for information, processes, and IT management for medium and large clients. The company’s model delivers affordable solutions that utilize clients existing technology infrastructure, expanding its service offerings across a range of sectors including management consulting, supply chain management, IT outsourcing and more. With over a thousand professionals in its network, Intellego operates in six countries in Latin America and has also expanded operations into the U.S.

Since joining the Endeavor network in 2010, the entrepreneurs have sought strategic advice from Endeavor’s network of mentors on the company’s international expansion strategy and talent recruitment goals. Felipe and Vicente have also become active panelists, attended the 2013 Endeavor Gala and Summit, and are active in sourcing future entrepreneurs into the Endeavor pipeline.

With roots as a family business stretching back to the 1960s, Agrotop is a Chilean holding company with a focus on generating advanced agricultural solutions based on an innovative business model that provides technical assistance to farmers and industry professionals.  With business units ranging from Oleotop, which processes canola oil, to Granotop, which processes grains, the company has set a rare example of high-growth entrepreneurship in Chile. With a rapidly expanding agriculture industry, some of Chile’s poorest regions have found revival in their local economies with the support of Agrotop’s various businesses.

Since joining Endeavor in 2006, Karina has participated in various network events, including Endeavor Galas, strategic mentoring sessions and advisory sessions.

Read more about this year’s GGCs of Latin America by clicking here.

Endeavor Hosts 53rd ISP: 29 High-Impact Entrepreneurs from 9 Countries Join the Endeavor Network

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Florianópolis, Brazil – April 10, 2014 – Endeavor selected 29 high-impact entrepreneurs leading 16 companies in 9 countries at its 53rd International Selection Panel.

Endeavor now supports 917 High-Impact Entrepreneurs from 585 companies across 20 countries. The entrepreneurs were chosen at a panel held from April 7 – 9th in Florianópolis.

The International Selection Panel (ISP) is the conclusion of a rigorous multi-step selection process that is at the core of the Endeavor model. At the Florianópolis ISP, top business and industry leaders from eight countries interviewed candidates about their businesses and potential for high-impact growth, and then deliberated on whether or not the candidates should become Endeavor Entrepreneurs.

“I am very excited to welcome these promising entrepreneurs to the network,” said Endeavor co-founder and CEO Linda Rottenberg. “Many are innovating industries in their local markets and demonstrating the potential for high-impact growth, especially in Latin America where our presence continues to expand.”

After their selection into the Endeavor network, the entrepreneurs are given access to customized services, including introductions to local and international business mentors and volunteers from Fortune 500 consulting firms who will help them address key business needs. Endeavor Entrepreneurs have created thousands of jobs and built sustainable growth models in their home countries, transforming local economies and becoming role models for future generations of leaders.

Endeavor will be hosting three more International Selection Panels in 2014. Locations will be New York, NY; Istanbul, Turkey and Miami, FL.

Brief descriptions of the newly selected entrepreneurs and companies follow.

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Registration at the 53rd ISP

ARGENTINA

Entrepreneur: Parker Stanberry

Company: Oasis Collections (www.oasiscollections.com)

Now you can make every destination an Oasis. Parker Stanberry founded Oasis Collections to offer travelers a curated, online platform of high-end, short-term rental properties across Argentina, Brazil, Colombia, Uruguay, and Miami. While individual property owners typically offer limited services to short-term renters, Oasis provides a complete hospitality experience that includes support from an around-the-clock, on-the-ground team, and social perks such as access to Oasis’ private members’ clubs and exclusive events. With over 700 properties in its portfolio, and a network of exclusive members’ clubs, Oasis has received international recognition in Vanity Fair, The New York Times, Conde Nast Traveler, and the Financial Times, among others.

Entrepreneur: Mauro Bono

Company: Savant (www.savant.com.ar)

Given the lack of innovation in Argentina’s pharmaceutical industry, Mauro Bono has the perfect prescription for his country – Savant. Savant manufactures and distributes a variety of pharmaceuticals, using an innovative manufacturing process that results in higher margins for pharmacists and more affordable drugs for end consumers. From its factory in the remote 2,500-person town of El Tío in central Argentina, Savant produces over 100 million drug tablets annually for thousands of pharmacies in Argentina and exports to 16 countries, including Vietnam, Lebanon, and Mozambique.

BRAZIL

Entrepreneurs: Cristiano Brega, Guarany Guimarães, Fernando Magero & Bruno Braga

Company: Confiance Medical (www.confiancemedical.com.br)

Scar no more! Through its video surgery equipment, Confiance helps doctors perform minimally invasive surgeries that leave smaller scars and have quicker recoveries than traditional open surgeries. While video surgery is a relatively standard practice in US hospitals, only premier hospitals in Brazil can afford the equipment. Awarded High-Impact Company of the Year by Brazilian’s leading SMB magazine in 2013, Confiance dreams of closing the gap between the elite and second-tier hospitals by making video surgery accessible to a broader population.

Entrepreneur: Rafael Ribeiro Madke

Company: Grupo RPH (www.gruporph.com.br)

Grupo RPH has the power to bring Brazil’s medical imaging techniques to electric new heights. The company sells cold kits, which are connected to radioactive products that illuminate patients’ organs under scans, creating precise, dynamic images that aid in medical diagnosis and treatment. Until recently, the Brazilian government dominated the highly regulated, US$80 million nuclear medical market, leading to inefficient business practices and stagnant growth. Grupo RPH is the first private company in Brazil licensed to manufacture and sell cold kits, and has already signed on major clients such as Hospital Sírio Libanês, Albert Einstein Hospital, and Beneficiência Portuguesa.

Entrepreneurs: Sergio Bertucci & Milena Satyro Bertucci

Company: Star Think Uniforms (www.staruniforms.com.br)

While professional uniforms often look generic and fit poorly, Star Think Uniform’s custom- designed collections combine high fashion and functionality to ensure that employees always look their best. Founded in 2005 by Milena and Sergio Bertucci, Star Think Uniforms has designed unique collections for over 30 clients and is constantly adapting to increasing demand: having started in a 70 m2 production facility, the company has since outgrown five additional plants and now outsources production. In the next few years, Star plans to introduce new business intelligence tools and a proprietary clothing sizing technology.

Entrepreneurs: Marco Carvalho & Ivan Zorn

Company: Toys Talk (www.toystalk.com)

Toys Talk is setting out to prove that you can build a successful global business out of fun and games! Founded by Marco Carvalho and Ivan Zorn in 2008, Toys Talk creates, develops, and brings to market high-quality and high-tech toys for children. With headquarters in Belo Horizonte, Brazil, and Shantou, China, Toys Talk has a global presence and has been recognized by international industry magazines including Toys World and Toys News. The company’s explosive growth over the past two years has been driven by sales of existing product lines including Spark Dogz, one of the “Top 10 Most Wanted Toys in 2011” according to industry press.

Entrepreneurs: Gabriel Bottós & Rafael Bottós

Company: Welle (www.wellelaser.com.br)

Hoping to dominate a niche market in the manufacturing sector, Welle is innovating the Brazilian laser-cutting industry by providing reliable and efficient equipment to clients that will, in turn, provide better products and services to consumers. Currently, most laser machines on the market are needlessly expensive and energy-consuming. Welle manufactures cost-effective, durable, and precise laser cutting, tracing and cleaning machines that better fit the needs of most of the firms it serves. Barely six years-old, Welle is already Brazil’s leading laser technology supplier, with clients including Whirlpool, Bosch, and Petrobras, among others.

CHILE

Entrepreneurs: Juan Pablo Marín & Francisco Marín

Company: Eco-Lógica (www.eco-logica.cl)

Chile’s trash is Eco-Lógica’s treasure. Based in Santiago, where 98% of companies fail to comply with environmental policies, Eco-Lógica helps its industrial clientele reduce, reuse, and recycle. Juan Pablo and Francisco Marín have developed a comprehensive, end-to-end corporate waste management solution that allows clients to dispose of waste safely and efficiently. As the only player in Chile with its unique blend of waste disposal services, Eco-Lógica is uniting Chile’s formerly distinct waste management sectors for solid waste, hazardous waste, and recycling.

Entrepreneurs: Victor Vargas & Alex Parnas

Company: Urbano Design (www.urbanodesign.com)

Though its products are designed to protect, Urbano Design is breaking the mold of the mobile accessories industry. In the early 2000s, Latin Americans looking to personalize their electronic devices were limited to a few bland color options. Victor Vargas and Alex Parnas transformed this market with Urbano by combining function and fast fashion, quickly replicating catwalk trends and popular graphic designs to add aesthetic appeal to the latest tech accessories. Through its fully integrated supply chain, Urbano produces smartphone cases, laptop and tablet sleeves, headphones, and chargers that reach its 14 kiosks across Chile, Peru, and Argentina, as well as Latin America’s largest retail outlets, in as little as 20 days.

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Attendees at the first night’s Welcome Dinner

COLOMBIA

Entrepreneurs: Pablo Atuesta, Nicolás Borda & Juan Rebolledo

Company: Groncol (www.groncol.com)

With only 5m2 of green space per inhabitant, Bogotá is far from meeting the World Health Organization’s standard of 15m2 per resident for a healthy urban environment. Groncol seeks to reverse this trend and transform Colombia by designing, producing, and installing green walls and rooftops made of real plants and vegetation. Operating in a global US$6 billion market for vegetated infrastructure products, Groncol has built the largest green wall in the country (360 m2) and over 45,000 m2 of rooftops. It has added millions of dollars in economic value to its clients’ buildings, creating a measurable environmental impact with projects that compensate for CO2 emissions produced by thousands of individuals.

GREECE

Entrepreneurs: Sotiris Papantonopoulos-Mantopoulos & Manolis Marsellos

Company: Money-Market (www.money-market.gr)

With multiple insurance providers and offers to choose from, determining the right insurance policy can be tiresome, difficult, and costly. Sotiris Papantonopoulos-Mantopoulos and Manolis Marsellos established Money-Market, an online insurance aggregator, to create an easier and more affordable way for Greeks to compare and purchase automobile, motorcycle, boat, and home insurance policies. Money-Market currently operates the leading online insurance aggregator in Greece’s US$6 billion insurance market, facilitating tens of thousands of active policies in 2013. To continue to accelerate its growth, Money-Market plans to expand beyond auto insurance into health insurance in 2014, and pensions in 2015.

MEXICO

Entrepreneur: Eymard Arguello Mancilla

Company: Agua Inmaculada (www.aguainmaculada.pe)

Agua Inmaculada has made a splash in the clean-water technology market. Since founding the company in 2002, Eymard Arguello Mancilla has been developing new ways to bring clean, potable water to the base of the pyramid in Mexico. Today, over 50 million people in Mexico lack access to clean water. By selling water purification systems to small business owners, Agua Inmaculada (Immaculate Water) seeks to offer a low-cost, high-quality alternative to bottled water and the market-leading systems offered by multinational CPG companies. Nearly 5,000 small businesses have purchased Agua Inmaculada’s equipment, installing water purification systems that provide countless individuals access to clean water.

Entrepreneur: Mateo Dornier

Company: Campo Vivo (www.campovivo.com.mx)

All vegetables are not created equal. With the amount of chemical fertilizers and pesticides sprayed on produce, even the most nutritious fruits and vegetables can have negative effects on consumers’ health. Campo Vivo solves this problem by bringing high-quality certified organic produce and processed grocery goods to the Mexican consumer. With a commitment to offer farmers fair market prices and offer consumers high-quality, affordable, organic foods, Campo Vivo distributes the country’s largest selection of organic products to more than 800 supermarkets and coffee shops across Mexico, including Walmart and Starbucks outlets. Over the next few years, Campo Vivo plans to accelerate new product development, add additional big-name retail clients, and begin exporting to European markets.

MIAMI

Entrepreneurs: Lionel Carrasco & Marcela Henao

Company: Leapfactor (www.leapfactor.com)

Some products sell themselves; for everything else there’s Leapfactor. Too often, field sales teams selling 21st century products rely on 20th century tools: pen-and-paper contracts, paper brochures, and antiquated CRM systems. Moreover, the old methods fail to create the engaging, interactive experience that customers expect in the digital era. Lionel Carrasco and Marcela Henao founded Leapfactor in 2009 to reinvent field sales execution; Leapfactor’s mobile app, Salesfactor, is a sleek and intuitive product that provides the tools to increase revenues and efficiency. Operating in the US$25B B2B mobile app market, Leapfactor has succeeded in attracting premier clients across industries, such as Avon, AstraZeneca, L’Oreal and HD Supply.

SOUTH AFRICA

Entrepreneur: Bevan Ducasse

Company: wiGroup Pty Ltd (wigroupinternational.com)

The world of mobile transacting is growing so rapidly that merchants are unable to keep up with, integrate to, and update their stores for each of the ever-increasing transaction applications the market has to offer. wiGroup simplifies this process through its cloud-based software, the wiPlatform, which enables mobile transacting from any application at any merchant through a simple integration with a retailer’s POS system. Since launching its platform in 2011, wiGroup has already processed over three million transactions worth over US$200 million and expects to continue this rapid growth on the back of South Africa’s booming m-commerce sector.

URUGUAY

Entrepreneurs: Carolina Bañales & Agustina Sartori

Company: AdviseMeTech (www.advisemetech.com)

Whether shopping online or in stores, three quarters of female consumers find the process of finding and choosing the right makeup frustrating. Fortunately, Carolina Bañales and Agustina Sartori are revolutionizing cosmetics for the 21st century through AdviseMeTech, a web-based program that allows women to virtually try on makeup through their own uploaded images. The company’s B2B software is embedded in retailers’ websites, while its B2C ecommerce platform, GlamST.com, allows women to directly try on and purchase products online.

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Observers during an entrepreneur interview panel

Saudi Arabia’s Shawarmer Makes Endeavor Connection with South Africa’s Taste Holdings

shawarmertaste

Demonstrating the impact of Endeavor’s global network, two Endeavor Entrepreneurs recently made a cross-regional connection, leveraging each other’s expertise in the food and beverage industry to share best practices and gain new insights on business development. Abdulmohsin Al-Rabiah, founder of Saudi Arabia’s Shawarmermade a visit last month to South Africa to the headquarters of Taste Holdings, founded by Endeavor Entrepreneur Carlo Gonzaga, with the goal of examining Taste’s growth and operations strategies for its portfolio of franchised brands.

A management group that invests in a number of franchised food and consumer retailers, Taste Holdings has grown to over 600 outlets across South Africa, bringing names like Scooters Pizza, Maxi’s Grill, Domino’s, NWJ Jewelry and more to the region. Having created thousands of new jobs and crafted a successful investment model, Carlo and Taste have seen year-over-year revenue growth and attracted the attention of a  number of international retailers. With Shawarmer, a chain of nearly 30 fast food restaurants across Saudia Arabia, Abdulmohsin was looking to gain insight from Taste’s success that would relate to his own franchise model and help him accelerate his brand’s growth while streamlining operations.

Over the two-day visit, Abdulmohsin met with Carlo and also visited outposts of Taste’s most popular franchises, meeting with branding and operations executives while getting an in-depth look at production and distribution centers. The main objectives were to explore Taste’s efforts across its marketing, legal and revenue structures and learn about the advantages and challenges of its vertical integration processes. Ultimately, Abdulmohsin was able to gain a better understanding of how to balance corporate ownership with franchisees, maintain operations standards, improve employee culture, and make technical improvements to his supply chain.

Since joining Endeavor in 2007, Carlo has become an entrepreneur success story, serving as a mentor, ISP panelist and South Africa Board Member and helping to inspire future generations of entrepreneurs in his region. While only selected in 2013, Abdulmohsin is demonstrating his high-impact potential with connections like this, continuing to work closely with Endeavor’s network of mentors and experts to accelerate his brand’s expansion.

AbdulTASTE

Abdulmohsin meeting with a team at Taste Holdings

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

Carrot-car-450x300Mexico-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 has reached $3.5 million.

The car-sharing model, similar to the popular U.S.-based service Zipcar, is looking to lead the car-share industry in the region, offering an alternative to vehicle ownership and rentals in the emerging Mexican market. Over the next two years, the Carrot team aims to expand to 10,000 members in 15 cities and add more than 300 cars to its fleet. Following the acquisition of competitor Ubicar in 2012, Carrot currently operates in Mexico’s three largest metro areas. The investment will help the team continue to drive plans for national expansion while also exploring other markets in the region.

Since joining Endeavor at the 44th Endeavor ISP in London in 2012, Diego and Jimena are demonstrating their high-impact potential by becoming active members of the network, receiving custom advising from local Endeavor mentors and participating in Endeavor Investor Network events.

Read more about Carrot’s funding news in TechCrunch.

Global Board Member Fadi Ghandour Discusses Barriers to Scale for MENA Entrepreneurs

dubaiThis post comes from Fadi Ghandour, who is the founder of Aramex, a board member of Endeavor, and the Chairman of Wamda, an organization that works to empower entrepreneurs in the MENA region. View the original post on the Entrepreneurship Ecosystem Insights page.

“Two-thirds of the Arab World ‘s population is below the age of 29. The region is not only growing younger, but also becoming more literate. With rising levels of education, connectivity, and mobility, the biggest challenge remains: How do we create good jobs for the restless millions?

Entrepreneurs are drivers of growth, innovation, and competitiveness. A recent World Bank report on small and medium sized companies (SMEs) shows that the highest contributors to employment are firms with less than 100 employees. And, not surprisingly, it is scalable businesses that generate the biggest share of economic opportunities. A study conducted by the World Economic Forum in collaboration with Stanford University and Endeavor in 2011 reveals that the top 5% of the 380,000 companies surveyed across 10 European and Asian countries have generated 72% of total revenue and 67% of the total employment recorded by these companies.

And yet, although scalability is critical for job creation, company founders still encounter many barriers when starting and growing their businesses. For startups to thrive, the different ecosystem players must understand the nature and source of these obstacles and work hard to eliminate them. But without comprehensive, up-to-date data they will not be able to craft viable, practical solutions.

Wamda’s newest initiative, the Wamda Research Lab (WRL), is focused on publishing research and insights on regional entrepreneurial activity to inform policy makers, investors, and other stakeholders on the critical challenges and gaps in this space. In its first report, The Next Step: Breaking barriers to scale for MENA entrepreneurs, WRL identifies the hurdles company founders face in generating revenues, raising capital, attracting talent, building teams, and facilitating expansion. Our study reveals that 63% of entrepreneurs and 60% of experts consider finding talent to build teams as a major challenge. Access to new markets is yet another central issue: 47% of entrepreneurs and 50% of experts cited difficulty in finding partners to facilitate expansion as an impediment to scale. Moreover, 41% of entrepreneurs said that the biggest restraint to generating revenues is marketing products and services.

The fact remains that the region’s outdated education systems, which continue to graduate generations of unemployable youth with no competitive 21st century skills, and its fragmented markets that allow little mobility of people and companies, are stifling the growth of entrepreneurs, and innovators. Unemployment needs to be considered in every policy, national strategy, private-sector initiative, and social activity. It is time we collectively deploy our knowledge, resources, capital, and networks to enable entrepreneurship as a development tool. I encourage all stakeholders – governments, investors, entrepreneurship institutions, universities, civil society, large corporations, and entrepreneurs – to read this report and take its conclusions seriously, in the hope that they will trigger effective action and positive change.

Finally, I would like to thank Endeavor Insight for their guidance, support, and expertise throughout the entirety of this project.”

Colombia’s Ecoflora Featured in WIPO Case Study Highlighting Advancements in R&D

LogoEcoflora2Colombia-based Ecoflora, founded by Endeavor Entrepreneur Nicolás Cock Duque, was recently profiled in a case study by the World Intellectual Property Organization, a global forum for IP services, policy and cooperation, created as part of the United Nations and including more than 180 member states. The group’s mission is to lead the development of an international intellectual property system that enables and protects innovation and creativity rights. Ecoflora’s patent and trademark progress in the biotechnology space caught WIPO’s attention, leading to an in-depth study on how the company leverages its assets, fosters private-public sector collaboration, and pioneered an industry in an unexpected market.

A biotech and natural products company that provides a range of alternative ingredients for use in agriculture, food and personal care products, Ecoflora has transformed the region’s industry and demonstrated potential for high-impact, global growth. With over 15 products and 30 applications developed over the past decade, Ecoflora is a testament to the potential of emerging markets to drive innovation despite challenging economic factors, having already filed for nearly a dozen patents on an international scale.

Originally a family-owned flower business established in 1998, Ecoflora presented Nicolás - a civil engineer by trade – with the opportunity to develop commercial and sustainable products for the horticultural industry. By 2012, the company had over 15 major products in its portfolio, ranging from EdiBlue, a food and beverage colorant, to Myrica Waxm, a berry extract that can be used as a base in cosmetics and soaps. Having struck partnerships with universities, government institutions and laboratories to develop its products and promote agricultural research, Ecoflora is uniquely positioned to bridge barriers to scale in the region and take its niche market to a global stage.

Now with over 40 employees in his Medellin headquarters alone and over 20 R&D laboratories in his network, Nicolás has demonstrated how access to mentorship, capital and talent can enable emerging market entrepreneurs to become high-impact leaders. 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 helped us refine our global strategy and business model as well as understand our opportunities for scale,” Nicolás said in an interview. “With our intellectual property in particular, Endeavor mentors offered invaluable advice that will help guide our international expansion strategy and show that Colombia is a cradle of sustainable innovation and talent.”

Read the entire WIPO case study by clicking here.

Endeavor and the SAP Social Sabbatical Program Featured in Stanford Social Innovation Review

SSIR_Logo_2013The Stanford Social Innovation Review recently profiled the Social Sabbatical program at SAP, an Endeavor sponsor, and the software giant’s efforts to transform emerging market economies by leveraging the expertise of its employees. Developed in partnership with  PYXERA Global, the program offers high-performing employees the chance to work with emerging market organizations and entrepreneurs in order to gain critical leadership and cross-industry skills.

Co-authored by Alexandra van der Ploeg, interim head of global CSR at SAP, and Deirdre White, CEO of PYXERA, the article emphasizes the need for corporations to better equip their talent base with knowledge of emerging markets, while also giving employees the opportunity to pursue socially-conscious causes. Launched in 2012, the Social Sabbatical program is SAP’s initiative to address these understandings, allowing employees to participate in short-term pro-bono assignments with growing organizations around the world.

In particular, a global group of 12 SAP employees, including marketing managers, software engineers, quality controllers and more, traveled to Johannesburg in October 2013 to spend a month advising four organizations, including the team at Endeavor South Africa. In order to address the challenges of growing a network of mentors and potential investors, three SAP employees worked with the local office to design an implementation strategy for an Investor Network event, research prospective markets and investors, and craft an internal and external marketing strategy. Learn more about Endeavor South Africa’s work with the program by clicking here.

Earlier in 2013, the Review also highlighted Endeavor’s partnership with EY on the Americas Corporate Responsibility (CR) Fellows Program (now the EY Vantage Program), which also places high-performing employees on short-term assignments with emerging market companies. In the piece, Endeavor CEO Linda Rottenberg and Deborah K. Holmes, EY Americas Director of Corporate Responsibility, presented essential tips for designing successful CSR programs. Since 2006, EY Fellows have donated nearly 30,000 hours to working with Endeavor Entrepreneurs in the Americas.

View the full SSIR piece by clicking here.

April 2014 Newsletter

April 2014To view Endeavor’s April 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 Catalyst Invests in Argentina’s GoIntegro and Brazil’s ToLife Following New Rounds of Funding

Endeavor-Catalyst-LogoEndeavor Catalyst recently announced co-investments in Argentina’s GoIntegro and Brazil’s ToLife following new rounds of financing raised by both companies. Led by Riverwood Capital and Kaszek Ventures, GoIntegro’s $5 million Series B round will help the growing software firm continue its expansion efforts in Latin America. Similarly, ToLife’s Series B round led by Vox Capital will support the healthcare technology firm’s plans to serve more health centers and patients throughout Brazil.

gointegroFounded by Endeavor Entrepreneurs Germán Dyzenchauz and Gaston Lejtman in 2002, 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 presences in Argentina, Brazil, Chile, Colombia, Peru, Uruguay and Ecuador, the company boasts more than 300 corporate clients and reaches upwards of one million daily users with revenue growth of 30% in 2013. As a result of this latest investment, GoIntegro aims to further its expansion efforts in Latin America, specifically in the Mexican and Brazilian markets. Riverwood and Kaszek also led the company’s Series A round in 2012, and this latest announcement reaffirms investor faith in the entrepreneurs’ high-impact business model.

Since joining the Endeavor network in 2011, Germán and Gaston have received custom mentoring and strategic advising from Endeavor’s network along with connections through Endeavor Investor Network events, culminating in Endeavor Catalyst’s participation in this latest round.

“Being selected by Endeavor as high-impact entrepreneurs was incredibly helpful in allowing us to achieve our growing goals, close investment rounds and share experiences with an extensive network of mentors and entrepreneurs,” said Germán in a statement. “We feel part of a community around the world with common problems and challenges, and Endeavor is the epicenter of it all.”

TolifeBased in Belo Horizonte, Brazil, ToLife was founded by Endeavor Entrepreneur Leonardo Lima de Carvalho in 2009 with the goal of innovating Brazil’s healthcare system, which has been plagued by inefficiencies and lagging patient wait times. ToLife is a system that automates the patient screening process based on individual risk ratings, leveraging internationally recognized health protocols. The system manages the flow of patient care in emergency units and monitors the capacity of other care centers in the surrounding area with its three-part software, hardware and service bundle. Since its founding, the company has worked to cut both the risk of mortality caused by cardiovascular complications and the average patient wait time in half, having implemented more than 5,000 healthcare units across 850 Brazilian cities.

Since joining the Endeavor network in 2012, Leonardo has received local advisory services from Endeavor mentors and participated in global events like the Endeavor Summit and Endeavor Investor Network sessions. It was at a June 2012 Investor Network event in London that Leonardo made a connection with Kelly Michel, the UK-based co-founder of Potencia Ventures and Vox Capital. This introduction ultimately led to Vox Capital’s Brazil team becoming the lead investor on this recent round and Endeavor Catalyst’s ability to participate.

About Endeavor Catalyst

Endeavor Catalyst is a passive co-investment vehicle that allows Endeavor Global to invest in Endeavor Entrepreneurs in a neutral, unbiased way. The main goal of this program is to use the returns of the investment to support Endeavor’s operations. The fund also contributes to Endeavor’s mission as it promotes professional third-party angel and venture capital investors to take a stronger interest in emerging market investment opportunities. Learn more about Endeavor Catalyst by clicking here.

Endeavor Investor Network Highlights Growing Presence in Mexico

Investor network LogoIf you’ve been following the impressive rise of entrepreneurship in Mexico, you’ve likely heard of mobile media juggernaut Naranya, car-sharing service Carrot (who recently picked-up an additional $2m in funding) and IT services leader Intellego (just last week named a World Economic Forum Global Growth Company in Latin America), but what you may not know is that all of these are Endeavor portfolio companies. These entrepreneurs represent a new wave of entrepreneurs that are successfully navigating Mexico’s capital markets to scale global companies and inspire the next generation of entrepreneurs to do the same.

Naranya, Carrot and Intellego represent only three of the 80+ companies in the Endeavor Mexico portfolio today. Within this impressive group, nearly 25% have plans to bring on an equity partner this year – including exciting, earlier-stage companies like YaxiParkimovil, and Petsy.

In addition to backing some of the fastest growing companies in the country, Endeavor Mexico also officially launched the Mexico chapter of the Endeavor Investor Network in October 2013. In just a matter of months, the Endeavor Investor Network chapter in Mexico has grown to be one of the largest and strongest Endeavor Investor Network offerings at any of Endeavor’s world-wide affiliates. At the helm of this impressive network is Vincent Speranza, COO of Endeavor Mexico, who has grown the network to 10+ member firms, who collectively represent the strongest equity capital partners in Mexico. Participating member funds include:

Alta Ventures
Angel Ventures Fund
Founders into Funders
GBM
InventMx 
Latin Idea
Naranya Ventures
NMP Fund
ON Ventures
PC Capital
Promotora Social Mexico (PSM)
Venture Partners 

Notably, four of the eleven new members are investment funds led by Endeavor Entrepreneurs themselves: Heberto Taracena Ble (InventMx); Juan Manuel Alvarado (Founders into Funders); Alejandro Villalón and Jorge Gonzalez (ON Ventures) and Arturo Galvan (Naranya Ventures). As the profile of successful Mexican entrepreneurs – and investments – becomes increasingly common in discourse globally, Endeavor has noticed a rise in international interest both from the investment community and Silicon Valley’s leading tech companies. We saw this in action during the Endeavor Investor Network event in Mexico last October 2013 (read more here), where global investors like Amadeus Capital, AMEX Ventures and Bessemer Venture Partners descended upon Mexico City together with corporate leaders from companies such as Facebook, EA and Stripe.

The Endeavor Investor Network will next convene a global gathering in Mexico City or Monterrey in November 2014 (exact date TBD), but should your travel plans take you to Mexico in the coming months, please don’t hesitate to be in touch!

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