AFRICA – African startups have a hot new fund to tap from courtesy of Endeavor Catalyst, the innovative $100M+ co-investment fund that invests in qualifying rounds of $5M+in both early stage and late stage startups built by Endeavor Entrepreneurs.
The fund has closed its third fund at $134 million.
This $134M Fund III represents the largest Endeavor Catalyst fund to date surpassing the $120M target goal originally set and brings Endeavor Catalyst’s total assets under management (“AUM”) up to $250M.
The $134 million 3rd Fund “Endeavor Catalyst III” saw investments from Jordan’s Innovative Startups and small and medium enterprises (SMEs) Fund (ISSF) which invested $2 million and from other Jordanian Limited Partners (“LPs”), which invested $1.7 million, according to a statement by its managing director, Allen Taylor.
The rest of the amount was secured from a galaxy of international investors.
Having invested earlier in some African startups like Egypt’s Swvl and Vezeeta as well as Kenya’s CopiaKenya, Cellulant and South Africa’s Entersekt, Endeavor Catalyst is an innovative, rules-based co-investment fund through which Endeavor invests into its portfolio companies led by high-impact entrepreneurs around the world.
Launched in 2012, Endeavor Catalyst has so far raised $250M across three funds and made 150+ investments to date across 30+ different markets.
Endeavor Catalyst operates as a separate entity from Endeavor but benefits from Endeavor’s network and infrastructure in terms of sourcing and pipeline cultivation.
Endeavor Catalyst’s Limited Partners are primarily individuals or organizations who already actively participate in the Endeavor network as mentors, board members and even Endeavor Entrepreneurs themselves.
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