Endeavor Catalyst, the venture capital arm of the New York-based nonprofit Endeavor, has secured $320 million in commitments for its fifth fund, boosting its total assets under management to over $850 million. The fund focuses on supporting founders outside of traditional tech hubs like Silicon Valley, aiming to provide backing to entrepreneurs in what the organization terms "elsewhere." Managed by a seasoned team, including Allen Taylor and Jackie Carmel, this fund follows a unique model where half the profits are funneled back into the nonprofit, fueling continued support for emerging founders worldwide.

Endeavor's network is highly selective, having reviewed more than 10,000 entrepreneurs last year to admit just 88 into its community, which now encompasses over 3,100 innovators across 50 countries. Endeavor Catalyst typically invests alongside a lead investor once a portfolio company raises $5 million or more, contributing between $1 million and $3 million per round, with a cap of 10% of the total round size. The fund anticipates making 40 to 50 investments annually, potentially expanding its portfolio to 150 companies over the lifespan of this new fund.

The venture arm has a notable track record with 437 companies backed across 44 markets, including 83 startups now valued at over $1 billion each. Among its portfolio highlights are ElevenLabs, valued at $22 billion, Italy’s Bending Spoons with a $26 billion market cap, and Reflection AI from New York at $25 billion. Other significant investments include Checkout.com, Flutterwave, and Replit, underscoring Endeavor Catalyst’s global reach and focus on diverse markets outside the U.S., with Europe and Latin America being key regions of growth.

Endeavor benefits from a strong governance and advisory network, featuring industry veterans like Reid Hoffman and Bill Ackman alongside influential figures such as Greek Prime Minister Kyriakos Mitsotakis, a longtime ally of the organization. The fund’s 400 limited partners include successful Endeavor founders themselves, reflecting a growing trend of repeat entrepreneurs within the portfolio. As many venture funds concentrate on AI startups in Silicon Valley, Endeavor Catalyst is positioning itself as a crucial player in uncovering and backing promising businesses in underrepresented geographies.