Endeavor Catalyst raises $320M for founders outside Silicon Valley
Endeavor Catalyst has raised $320 million in its fifth fund, increasing total assets under management to over $850 million. The firm focuses on supporting entrepreneurs beyond major tech hubs like San Francisco and is part of Endeavor, a New York-based nonprofit that promotes entrepreneurship globally for three decades. The new capital will be used to invest in 40–50 companies annually across diverse markets, with an emphasis on founders who have first joined Endeavor’s selective network. The firm typically contributes $1 million to $3 million per investment and has backed over 437 startups globally since its inception. Notable investments include AI voice tool company ElevenLabs (valued at $22 billion), Italy-based Bending Spoons ($26B market cap post-IPO), New York’s Reflection AI, Checkout.com, African payments firm Flutterwave, and Replit. The fund includes 400 limited partners such as Reid Hoffman, Bill Ackman, and Prosus.
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Topics: entrepreneurship funding venture capital