Endeavor Catalyst, the investment arm of Endeavor, a global Non-Profit Organization that supports high-impact entrepreneurs around the world has closed its third fund Endeavor Catalyst III at US$134 million which will focus on investing in underserved markets globally.
The funds saw investment from Jordan’s Innovative Startups and small and medium enterprises (SMEs) Fund (ISSF) and also saw investment from a galaxy of international investors.
Accroding to the statement, Endeavor Catalyst has invested in more than 150+ Endeavor Entrepreneur-led companies across 30 different markets.
This $134M Fund III represents Endeavor Catalyst’s largest fund to date, surpassing the $120M target goal that had originally been set. It also brings Endeavor Catalyst’s total assets under management (“AUM”) up to $250M the statement noted.
“Reaching $250M in AUM is an amazing milestone!” shared Linda Rottenerg, Endeavor’s co-founder and CEO. “I couldn’t be more proud of this amazing Endeavor team of 500+ people around the world who make this all possible. When we created Endeavor Catalyst eight years ago, we had a big dream: to build the world’s most founder-friendly investment fund that could be truly of, by and for entrepreneurs. Today, we are well on our way to making that dream a reality!”