Endeavor is the leading global community of high-impact entrepreneurs. We inspire the world’s fastest-growing entrepreneurs to dream bigger, scale up and pay it forward.

Founded in 2012, Endeavor Catalyst is the rules-based fund of Endeavor, with over $500M in Assets Under Management across four funds.  Endeavor Catalyst has invested in 260+ companies across 35+ markets to date, the portfolio comprises 22 exits and 49 companies valued at over +$1B.

A mix of Endeavor’s promising track record and the dynamism that Mexico’s tech ecosystem is experiencing have together created an opportunity to continue impacting the ecosystem by replicating the Endeavor Catalyst model in Mexico. Why Mexico?

1. Capital: In the wake of a significant capital raise in 2021, larger than the total of the past 10 years combined, the market is undergoing a shift. Moreover, even with the capital raising, the secondary market hasn't taken off yet.
2. Unicorns:  By 2024, unicorns are changing their strategic focus. While they previously prioritized valuation growth and rapid scaling, they are now emphasizing profitability and strengthening their existing customer base. To achieve this, they are exploring alternative financing options beyond traditional debt and credit lines, such as dual listings and other strategies, diversifying their sources of capital for sustainable growth.
3. Foreign entrepreneurs: Among LATAM countries, Mexico has become a prominent destination for startups. The top three expansion routes for startups from Colombia, Brazil, and Argentina all lead to Mexico, highlighting the country's attractiveness as a hub for entrepreneurial growth
4. Soonicorns: As of September 22, there are currently 34 startups in Mexico with estimated valuations exceeding $100 million, signifying a pivotal moment in the entrepreneurial ecosystem. Furthermore, out of these, 16 are Endeavor Entrepreneurs, with 4 in the process of becoming Endeavor Entrepreneurs

In recent years, investors have increasingly shifted focus to seed and growth stages, evident in the challenging journey for entrepreneurs. Only 19.9% successfully progress from Seed to Series A, with a subsequent drop to just 8% at the next stage.

Most of our Road to ISP are in this stage, and this is an importante round because of validation an traction, making it through the Series A round often signifies that the entrepreneurs has successfully validated its business model and gained traction in the markets, using the capital mainly for scaling operations, market expansion and technology development.

THE FIRST THESIS

Acting as a co-investor, Endeavor will aim to support entrepreneurs navigating the VC journey: Supporting in one key moment, when raising a Series A+, helping entrepreneurs to sign the best Terms and Conditions and partnering only with entrepreneur-first VC firms.

Throughout the 20 years we've been in Mexico, we have selected over 100 Endeavor Entrepreneurs, several of whom are serial entrepreneurs considering their next venture.

We are convinced that with their experience, their new venture will be equally or even more successful that the one they have been selected as Endeavor Entrepreneur.