Endeavor Catalyst closes third fund at $134M

Endeavor Catalyst's Managing Director, Allen Taylor, has announced closing its 3rd Fund “Endeavor Catalyst III”, with $134M, of which $2M is from Jordan’s Innovative Startups and SMEs Fund (ISSF), and 1.7M from other Jordanian Limited Partners (“LPs”).

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Having invested earlier in 4 Jordanian companies: Kharabeesh, Altibbi, Mawdoo3, and Jamalon, 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 raised $250M across three funds and made 150+ investments to date across 30+ different markets.

Laith Al Qasem, CEO of the ISSF commented on the investment, “ISSF is very excited about this investment. Strategically, Endeavor Catalyst will showcase Jordanian scaleups at a global level. Practically, Endeavor provides Jordanian companies with access to global markets, capital, and remarkable mentors, ultimately setting up Jordanian scaleups for global success.”

Managing Director of Endeavor Jordan, Reem Goussous added, “We are extremely grateful to the contribution of the ISSF and the LPs in this 3rd fund”. Goussous added that the ISSF and local Jordanian LPs are now among a lineup of iconic global founders like Reid Hoffman (LinkedIn), Michael Dell (Dell Technologies), and Pierre Omidyar (eBay), as well as world-class investors such as General Atlantic’s Bill Ford and Pershing Square’s Bill Ackman.

With deep experience mentoring and coaching entrepreneurs on the “ins and outs” of navigating the venture capital fundraising process, Endeavor Catalyst was built on top of Endeavor’s globally-distributed, trust-based network to partner with Endeavor Entrepreneurs on their equity fundraising rounds. This $134M Fund III represents the largest Endeavor Catalyst fund to date, surpassing the $120M target goal originally set. It also brings Endeavor Catalyst’s total assets under management (“AUM”) up to $250M. The support of LPs to Endeavor enables the organization to focus on investing in the next generation of founders in emerging and underserved markets around the world.

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August 2020 saw a 48% drop in the number of deals, while total funding on the other hand increased by 93% when compared to the same month last year. Discover more trends and insights in our August 2020 Dashboard Report.