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Endeavor Greece Celebrates Two Years and 3,500+ Jobs Created By Its Entrepreneurs

Endeavor Greece released an infographic and video to highlight the office’s impact during its two year anniversary. The team supports some of the region’s top high-impact entrepreneurs who continue to drive sustainable job creation and contribute to […]

December 18th, 2014 — by admin

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

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, […]

November 9th, 2014 — by admin

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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

Endeavor Saudi Arabia Celebrates the Impact of Endeavor, Convenes 200+ Influencers

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Endeavor Entrepreneurs from Saudi Arabia honored at the event

In May, Endeavor Saudia Arabia brought together more than 200 entrepreneurs, business leaders and policymakers in a gala event that celebrated the official launch of the affiliate, which was announced in 2012. The event took place in Riyadh, the nation’s capital, with key public officials including Dr. Tawfiq Al-Rabiah, Minister of Commerce and Industry, and Dr. Mohammad Al-Jasser, Minister of Economy and Planning, in attendance. Kicking off with an introduction to the magic of Endeavor, local board chairman Rami Al-Turki discussed the impact of scale-up entrepreneurship on the region’s development.

“Endeavor helps entrepreneurs to unleash their potential in several ways, including introductions to local and international business mentors and volunteers from Fortune 500 consulting firms,” Rami explained during the ceremony. 

Managing Director Rakan Al-Eidi highlighted key data and facts about Endeavor’s growth and stressed the importance of supporting local role models and promoting entrepreneurship for future generations, particularly in the Middle East’s growing markets. All eight of Endeavor Saudi Arabia’s current entrepreneurs were honored at the event and discussed Endeavor’s role in helping them grow and transform their businesses. Endeavor mentor Dave McClure, founder of 500 Startups, also took the stage to underline the importance of investing in entrepreneurship in emerging economies.

Announced in 2012, Endeavor Saudi Arabia became the fifth Endeavor affiliate in the MENA region, which now includes Turkey, Jordan, Lebanon, Egypt and the UAE. Read additional coverage of the event in Arab News by clicking here

Mexico’s Naranya Labs Partners with NXTP Labs to Form New Latin America-Focused Seed Fund

naranyaMexico-based seed fund and accelerator Naranya Labs, founded by Endeavor Entrepreneur Arturo Galvan, recently announced a partnership with accelerator NXTP Labs to form a new early-stage capital fund that will invest at least $8 million in Mexico’s startup ecosystem. Both firms are aiming to broaden their reach across Latin America and this new fund, supported by a grant from Mexico’s National Entrepreneur Institute, serves as a critical step. The $8 million is expected to be used to invest in 48 startups in the country while also covering follow-on investments over a period of four years. Currently, the fund’s portfolio includes more than 150 companies and aims to support up to 300 startups across the region.

With a $50 million investment target,  the fund’s fundraising stage is expected to be completed by the end of 2014. The collaboration will also ensure that the firms will have full coverage in key Latin American markets including Argentina, Brazil, Chile, Colombia, Mexico and Uruguay.

“The support of the Mexican government is essential to promote the talent of innovative Mexican startups throughout the region. It sets an example to be followed by other countries in Latin America,” said Arturo in a statement.

Since his selection by Endeavor in 2011, Arturo and his team have been active members of the network. Arturo has served as both an ISP panelist and recommended potential entrepreneurs into the Endeavor pipeline. In addition, Naranya has participated in top Investor Network events and received custom advisory sessions with global mentors.

Read more about the partnership announcement in NXTP Labs’ press release, The Next Web, and The Miami Herald.

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