Endeavor Catalyst closes $320M Fund V

What did Endeavor Catalyst announce about Fund V?

Endeavor Catalyst announced the final close of its fifth venture fund, Fund V, at $320 million. The firm described the vehicle as oversubscribed and said the close brings its total assets under management to more than $850 million.

The firm said Fund V is its largest fund to date and 10 times the size of its first fund. Endeavor also said the fund is backed by founders from companies including Nubank, Revolut, LinkedIn, Snowflake, Checkout.com, Globant and Careem, with more than 120 Endeavor Entrepreneurs investing in total.

How does Endeavor Catalyst say Fund V will be used?

Endeavor says Fund V is co-investment capital that typically invests 10% of a financing round alongside leading venture capital or institutional investors, and the firm says that model could direct at least $3.2 billion in additional capital to Endeavor entrepreneurs.

The fund’s strategy centers on backing high-growth companies led by entrepreneurs selected into Endeavor’s global network and investing alongside other established investors rather than leading rounds itself. Endeavor frames the mandate around founders building companies outside traditional venture hubs.

Which companies is Endeavor Catalyst already backing?

Endeavor said Fund V was already being deployed into companies including Replit, Moove, Preply, Cashea, Respond.io, EnduroSat, HappyRobot and Lunar Outpost. Endeavor Catalyst’s Fund V site also lists current or planned investments in deep tech, space tech and fintech, including Maybell Quantum in the United States and Moove in Nigeria.

Endeavor Catalyst says it has recently made investments in 15 countries, including a first investment in Venezuela. Its published materials also highlight portfolio companies such as Preply, Replit, Cashea, PLD Space, Maybell Quantum, Moove and Orbio.

Where is the firm seeing the most activity?

DealStreetAsia reported that Endeavor Catalyst said it had no liquidity events in Asia since 2025 and that increased pipeline activity made Asia a priority for Fund V. The same report said the firm had invested $46.8 million across 44 companies in six Asian markets.

DealStreetAsia also reported that Fund V had already deployed $55.7 million through 32 investments in 30 companies, while Citybiz said Endeavor Catalyst expects to deploy another $25 million to $30 million through the rest of 2026. The figures suggest the new fund is already moving quickly, even as the firm says it still has room to support more founders across regions outside traditional venture hubs.

Citybiz reported that the firm made 12 new European investments in the first half of 2026, versus 14 in all of 2025, and described activity in deep technology, foundational AI, cloud infrastructure and repeat founders launching AI companies, especially at the application layer. DealStreetAsia separately reported that Endeavor Catalyst has deployed more than $500 million across 469 investments including follow-on rounds, and Citybiz said that as of Sept. 22, the firm had backed 437 companies in 44 Endeavor markets, with 83 unicorns, 39 exits and 11 IPOs.

What does the new fund mean for Endeavor's strategy?

The close gives Endeavor Catalyst more capital to continue a model it says has been built around backing Endeavor Entrepreneurs and co-investing with other venture capital and growth equity firms. Endeavor said its first Endeavor Catalyst investment was in Globant in Argentina nearly 15 years ago, and that Globant later became the first Latin American technology company to list on the NYSE in 2014.

Endeavor said Bending Spoons went public in 2026 at a valuation above $20 billion and that Vanguard acquired Altruist for $4.6 billion as examples from its network-backed investing strategy. The firm also said it has written more than 400 checks into Endeavor companies.

Endeavor’s Fund V materials say the vehicle has more than 900 LPs across more than 40 markets and that the $320 million is being put to work as co-investment capital to help direct more than $3.2 billion toward the next generation of tech companies. The firm’s published materials position Fund V as a continuation of its push to back founders building outside traditional venture hubs.