Insider Announces $32M Series C Funding to Invest in AI that Shifts the Status Quo in Multichannel Experience Orchestration

Insider helps 800+ leading brands like Singapore Airlines, Marks & Spencer, Virgin, Uniqlo, Samsung, and Estée Lauder accelerate digital growth through best-in-class customer engagement. 

Insider, a profitable SaaS company that takes a unique approach to Multichannel Experience Orchestration, announced today its $32 million Series C funding round, bringing total funding to date to $47M. The round was led by Riverwood Capital and was joined by Sequoia India, Wamda, and Endeavor Catalyst. The additional capital will be used to further enhance the award-winning platform’s capabilities, add top-tier engineers to Insider’s exceptional R&D team, and invest in the company’s global sales and marketing efforts.  

Most digital marketers face the same problem: there are too many tools that claim to be “multichannel” and provide a “hub.” Instead, it is the case that customer data sits in silos, sales channels remain under-developed or even unavailable, and the end product is a point-solution rather than a true hub. This creates disjointed experiences for consumers and hinders marketing ROI

Insider’s AI-powered platform enables enterprise marketers to connect customer data across channels and systems, predict their future behavior with an AI-powered intent engine, and orchestrate and deliver individualized experiences to customers. Their platform is unique in how it offers the widest set of product features in the market while coordinating all offline and online data across the unified platform and its various engagement channels. The powerful AI intent engine consists of 15+ algorithms that enable marketers to make precise predictions such as which customer segments are likely to convert, buy, and churn and then design the most optimized experiences accordingly.  

Insider’s channel integrations take minutes, not months reducing dependency on internal IT teams. Ultimately, Insider enables digital marketers to drive growth across channels,  and throughout the funnel from acquisition to activation, revenue and retention (AARR) thereby impacting ROI metrics such as conversion rate, CAC, LTV, and average order value

Insider is trusted by more than 800 global enterprise brands, including industry powerhouses such as UNIQLO, Singapore Airlines, Marks & Spencer, Estée Lauder, Virgin, Samsung, Carrefour, Dominos, Toyota, Newsweek, Avon, MediaMarkt, AVIS, Allianz, BBVA, IKEA and CNN. With teams on the ground in 24 countries, Insider ensures deep localization and unparalleled support for their clients.  

Insider CEO and Co-founder, and Endeavor Entrepreneur, Hande Cilingir explained that as a profitable company they did not want to raise capital too soon but continued to receive strong inbound interest from VCs. 

“We’ve only raised capital when we felt that we were ready to raise the bar to a whole new level. A self-imposed scarcity always made us more creative, more resourceful and more aggressive in reaching our goals,” she added.

“So far, we’ve focused on leading in high-potential markets in the Eastern part of the world. We’ve partnered with industry powerhouses like Samsung, Uniqlo, and Singapore Airlines in APAC as well as Qantas in Australia, and Marks & Spencer, Estee Lauder, and Carrefour in Europe. We plan to grow substantially in our existing 24 countries and we are now ready to enter the US market and believe that our fresh solutions to marketers’ biggest pain points will be a major differentiator,” added Cilingir.

The beginning of the pandemic saw a rapid surge in demand for eCommerce and Media companies worldwide. Insider’s agile digital sales team was well-positioned to turn this increasing traffic into conversions by helping their partners respond to ‘net new digital behaviors’ in real time. In the post-Covid market, brands will need to digitize more than ever. As online consumption increases and shoppers start reprioritizing their postponed purchases, Insider expects to continue its accelerated levels of growth.

“Technology on its own is never enough to make top brands your loyal fans. The culture and the tight-knit community Insider has built and then been able to scale up globally is nothing like what we’ve come across before. The level of commitment and care they have for the brands they partner with is what makes the Insider team truly unique,” said Linda Rottenberg, Co-founder, and CEO of Endeavor. Earlier this year, Insider was once again selected to the Endeavor Outliers Program, recognizing the most outstanding Endeavor Entrepreneurs leading the fastest-growing companies around the world. 

Insider has been recently featured in the Gartner Magic Quadrant for Multichannel Marketing Hubs 2020 and became the #1 leader on G2Crowd’s Mobile Marketing Software Grid with a 4.7/5 rating based on 100% user reviews, 14 quarters in a row. Insider’s co-founder and CEO Hande Cilingir was selected as one of the top women CEOs outside of the US by Crunchbase.

About Insider

Founded in 2012 by 6 young founders from humble backgrounds, Hande Cilingir (CEO), Serhat Soyuerel (VP of Growth), Arda Köterin (VP of Customer Success), Sinan Toktay (CTO), Okan Yedibela (VP of Engineering) and Muharrem Derinkök (VP of Product), the Insider team has 550+ team members from 41 different nationalities across 24 countries worldwide. Insider is a heavily women-led organization with 50% of top executives in the company, including the CEO, CMO, CFO, and CPO, being women. Hande Cilingir was selected as one of the top women CEOs outside of the US by Crunchbase.

Insider’s Multichannel Growth Management Platform (GMP) helps digital marketers drive growth across the funnel, from acquisition to activation, retention, and revenue (AARR). Leveraging real-time predictive segmentation powered by deep Artificial Intelligence and Machine Learning capabilities, the Growth Management Platform empowers marketers to deliver personalized journeys across the web, mobile web, mobile apps, messaging, email, and ad channels. Built on a unified data layer, GMP is easy to implement and simple to use, avoiding the need for complex integrations and dependency on IT teams. Insider simplifies the life of digital marketers and helps them drive growth for their brands, with zero marketing waste. 

Insider is a technology company with offices in London, Paris, Singapore, Tokyo, Hong Kong, Seoul, Sydney, Helsinki, Barcelona, Dubai, Moscow, Warsaw, Taipei, Jakarta, Manila, Wellington, Istanbul, Kiev, Ho Chi Minh City, Bangkok, Brussels, Amsterdam, Luxemburg, Ankara, and Kuala Lumpur. 

Insider has been recently featured in the Gartner Magic Quadrant for Multichannel Marketing Hubs 2020 and became the #1 leader on G2Crowd’s Mobile Marketing Software Grid with a 4.7/5 rating based on 100% user reviews, 14 quarters in a row. CrunchBase recently ranked www.useinsider.com

About Endeavor Catalyst

Endeavor Catalyst is an innovative, rules-based co-investment vehicle through which Endeavor invests into its portfolio companies. Launched in 2012, Endeavor Catalyst has raised more than $200M+ across three funds and made 140+ investments to date in 25 different countries. Investments include Globant (NYSE:GLOB) and Rappi (valued at $3.5B+) in Latin America, Yemeksepeti.com (acq’d Delivery Hero $589M, 2015) and Peak Games (acq’d Zynga $1.8B, 2020) in Turkey, RUMA (acq’d Go-JEK, 2017) in Indonesia, and FIGS (acq’d, 2017) in the US.

About Riverwood

Riverwood Capital is a technology-focused growth equity firm with over $3 billion in assets under management. Riverwood offers a unique combination of operational, strategic, technology, and financial insight to portfolio companies that need both growth capital and expertise to scale. Riverwood invests globally and leads both minority and control deals. The firm has offices in Menlo Park, CA; New York, NY; and Sao Paulo, Brazil. For more information about Riverwood and its portfolio, please visit www.riverwoodcapital.com.

About Sequoia Capital India

Sequoia helps daring founders build legendary companies, from idea to IPO and beyond. Sequoia India operates in Southeast Asia and India where we actively partner with founders from a wide range of companies, across categories, including BYJUs, Carousell, Druva, GO-JEK, OYO Rooms, Tokopedia, Truecaller, Zilingo, Zomato and more.

We spur founders to push the boundaries of what’s possible. In partnering with Sequoia, startups benefit from 48 years of tribal knowledge and lessons learned working with companies like Airbnb, Alibaba, Apple, Dropbox, Google, LinkedIn and Stripe early on.

From the beginning, non-profits have been the backbone of our LP base, which means founders’ accomplishments make a meaningful difference. The majority of our profits are returned to great causes, like the Ford Foundation, Mayo Clinic and MIT. For more information on Sequoia’s work in India and SE Asia, visit sequoiacap.com/india

About Wamda

Wamda accelerates entrepreneurship ecosystems throughout the Mena region by joining Wamda’s multi-stage, sector-agnostic investment vehicle, focused on partnering with high growth technology or technology-enabled startups, as well as the leading knowledge platform offering integrated programmes including thought leadership and research, community development, Wamda’s fellowship programme Wamda X, as well as corporate and government advisory services to the various stakeholders of the Mena startup ecosystem.

 

Endeavor Selects Six Entrepreneurs Leading Five Companies at the Fifth Virtual International Selection Panel

Endeavor selected six entrepreneurs from five markets at its Fifth Virtual International Selection Panel (ISP). Endeavor now supports 2,083 entrepreneurs leading 1,300 companies in 37 markets around the world (read more about the newly selected entrepreneurs below).

The Virtual ISP was presented by Softbank, with additional support from AXA, Bain, Cooley, EY, HSBC, Silicon Valley Bank, and Zoom.

Typically held eight times per year, the ISP is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship to create large-scale wealth and jobs, and are committed to reinvesting their time and money in their local entrepreneurship ecosystems to help others take off. Beyond the selection process, ISPs are also unique international gatherings that bring entrepreneurs, dedicated business leaders and staff together across borders and industries, and allow them to make connections they may never have otherwise. This event marks the fifth Virtual ISP that Endeavor has held.

Over the course of three days at the Virtual ISP, panelists utilized Zoom breakout rooms to interview a small group of high-caliber entrepreneur candidates about their businesses. In “deliberation rooms” — private Zoom meetings with only Endeavor staff and panelists — panelists evaluated the entrepreneurs on their potential for high-impact growth, discussed which candidates should be selected to become Endeavor Entrepreneurs, then voted unanimously to select the newest Endeavor Entrepreneurs.

“The beauty of the Endeavor system and culture is how super smart and successful people come together to help others pro bono. I’m 100% pro Bono, but 110% pro the Endeavor global network and community. This Endeavor thing really works,” said The Edge (U2; Endeavor Ireland Board Chairman), who served as a panelist at the event.

Panelists at the ISP also included: Francisco Alvarez-Demalde (Co-Founder and Managing Partner, Riverwood Capital; Endeavor Global Ambassador), Martín Migoya (Co-Founder and CEO, Globant; Endeavor Argentina Board Member, Alumni Endeavor Entrepreneur), Matt Cameron (CEO and Sales Leadership Principal, SaaSy Sales Leadership), Mohamed Azab (CEO and Founder, Seha Healthcare; Co-Founder, AR ventures; Endeavor Entrepreneur, Endeavor Egypt Board Member), Shari Loessberg (Senior Lecturer, MIT Sloan School of Management), Ayman Ismail (Partner and Chairman of the Board of Directors, DMG; Endeavor Egypt Board Chairman), Elaine Coughlan (Managing Co-Founder and Partner, Atlantic Bridge; Endeavor Ireland Board Member), Jason Green (Partner, Emergence Capital Partners; Endeavor Global Board Member), Jean Michel Enriquez (Managing Partner, Creel, García-Cuéllar, Aiza y Enríquez, s.c.), Mauro Schnaidman (Independent Board Member), Vassil Terziev (Co-Founder, Telerik Academy; Partner, Eleven VC; Endeavor Bulgaria Board Co-chair)

As part of Endeavor’s network, the entrepreneurs selected at the Virtual ISP will gain access to comprehensive, strategic, global support services, including introductions to local and international business mentors, investors, and volunteers from Fortune 500 consulting firms who will help them address key needs.

Endeavor Entrepreneurs have had a significant track record of impact. Endeavor Entrepreneurs have created 4.1M+ jobs, generated $24+ billion in revenues in 2019, and help build sustainable growth models in their home countries.

Learn more about the companies and entrepreneurs selected below.

MEXICO

Entrepreneur: Javier Mata
Company: Yalo
Description: In today’s customer-first age, services are increasingly valued, and customer relationships have become a key differentiator that businesses strive to cultivate to stay ahead in the industry. Yalo is built on the knowledge that customers are already living inside of global messaging apps, spending more than 84% of their smartphone time on them. The company developed a platform to allow businesses to not only interact, but run their most critical workflows on top of popular messaging apps, allowing them to sell more, serve better, and save costs. Yalo is redefining what a CRM platform is, building a system that truly manages the relationship and interacts with the customers. With an HQ in Mexico, partner networks extending into South (and Southeast) Asia and Europe, and offices in Mexico, Brazil, Colombia, China, India, and the US, Yalo has sent over 600M messages to over 34M users for enterprises.

SOUTH AFRICA

Entrepreneur: Benji Meltzer and James Paterson
Company: Aerobotics
Description: Aerobotics is an agritech business that helps farmers protect their crops and manage yields. It uses drones to collect data at scale and machine learning to analyze and detect issues,offering end-to-end data analytics that helps farmers identify potential deficiencies in the field, reduce insecticide and fertilizer use, and increase profits. With three main products including orchard monitoring, yield estimation, and crop insurance inspection, Aerobotics is using technology and analytics to help revolutionize the agriculture industry.

TUNISIA

Entrepreneur: Noureddine Tayebi
Company: Yassir
Description: Yassir is a Maghrebi-built super app that aims to revolutionize mobility in French Africancountries by providing an ecosystem of services centered around ride hailing. Car ownership is less than 8% in French-speaking African countries, and public transportation is very limited, unreliable, and unsafe. Regular taxi services don’t meet expectations either: random street pick up, unavailability during peak hours, and poor customer service make it ripe for the disruption that many markets have seen in recent years. Yassir targets 29 countries with a population of 430M. Currently actively operating in 3 countries (Algeria, Tunisia, and Morocco), the company has recently launched a companion delivery platform. CEO Noureddine aims to develop a financial services platform atop Yassir to further address a 72% unbanked population. 

TURKEY

Entrepreneur: Ahmed F. Karslı
Company: Papara
Description: Papara is a Turkish fintech company that provides services such as cash-in/cash-out, bill payments, commercial payments, and P2P payments. Currently, Papara is the largest turkishfintech, with over 4M clients and 600+ B2B customers such as Uber and BiTaksi using its platform. Started in 2016, Papara seeks to continue its rapid growth both in and outside of Turkey. It plans to expand its suite of financial services to investments, loans, and forex currency, as well as to expand into Europe, where it will target the millions of young adults who are underbanked by traditional financial institutions.

VIETNAM

Entrepreneur: Vu Van
Company: ELSA
Description: ELSA (English Language Speech Assistant) is a mobile application for English pronunciation training and accent reduction using speech recognition. Powered by the company’s proprietary AI and speech recognition technology, ELSA scores a learners’ speech to pinpoint individual syllable and phoneme level mistakes with real time feedback. Based in San Francisco, ELSA has raised $12 million in capital from Monk’s Hill and Gradient Ventures (Google) and is available on iOS and Android, with 750 thousand monthly active users from 101 countries. ELSA has offices in locations across the world including Vietnam, India, Portugal, Japan, and Indonesia.

July 2020 Newsletter

To view Endeavor’s June newsletter, a recap of all the top news stories from the past month, please CLICK HERE.

Reminder: To receive our monthly newsletters by email, please enter your email address in the sign-up box at the bottom of the page.

Endeavor Selects Eight Entrepreneurs Leading Five Companies at the Fourth Virtual International Selection Panel

Endeavor selected eight entrepreneurs from five markets at its Fourth Virtual International Selection Panel (ISP). Endeavor now supports 2,077 entrepreneurs leading 1,295 companies in 37 markets around the world (read more about the newly selected entrepreneurs below).

The Virtual ISP was presented by Softbank, with additional support from AXA, Bain, Cooley, EY, HSBC, Silicon Valley Bank, and Zoom.

Typically held eight times per year, the ISP is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship to create large-scale wealth and jobs, and are committed to reinvesting their time and money in their local entrepreneurship ecosystems to help others take off. Beyond the selection process, ISPs are also unique international gatherings that bring entrepreneurs, dedicated business leaders and staff together across borders and industries, and allow them to make connections they may never have otherwise. This event marks the fourth Virtual ISP that Endeavor has held.

“What began as our team pivoting to take Endeavor’s selection process virtual, has today transformed the way we think about the ISP,” said Endeavor CEO Linda Rottenberg. “The Virtual ISP allows us to transcend travel and time commitments to welcome exceptional entrepreneurs from diverse regions and backgrounds into our support network more frequently, while benefiting from the participation of seasoned panelists from around the world.”

Over the course of three days at the Virtual ISP, panelists utilized Zoom breakout rooms to interview a small group of high-caliber entrepreneur candidates about their businesses. In “deliberation rooms” — private Zoom meetings with only Endeavor staff and panelists — panelists evaluated the entrepreneurs on their potential for high-impact growth, discussed which candidates should be selected to become Endeavor Entrepreneurs, then voted unanimously to select the newest Endeavor Entrepreneurs.

Panelists at the ISP included: Emily White (President, Anthos Capital), Joanna Rees (Managing Partner, West), Dan Turchin (Co-Founder & CPO, Astound, CEO, PeopleReign), Nicolas Szekasy (Co-founder & Managing Partner, Kaszek Ventures; Endeavor Global and Endeavor Argentina Board Member; Endeavor Entrepreneur), John Somers (President & CEO, Harmac Medical Products; Endeavor Western New York Board Chairman), Bruno Wauters (Fmr. CEO, Sibelco Asia), Javier Villamizar (Operating Partner, Softbank Investment Advisers), Monica Mandelli (Managing Director, KKR; Vice President, Endeavor Italy), Anderson Thees (Managing Partner, Redpoint eventures), Mo Ballout (Co-Founder, Kitopi; Endeavor Entrepreneur), Stephane Levy, (Partner, Cooley), and Luis Arbulú (Partner, Salkantay Partners; Endeavor Entrepreneur).

As part of Endeavor’s network, the entrepreneurs selected at the Virtual ISP will gain access to comprehensive, strategic, global support services, including introductions to local and international business mentors, investors, and volunteers from Fortune 500 consulting firms who will help them address key needs.

Endeavor Entrepreneurs have had a significant track record of impact. Endeavor Entrepreneurs have created 4.1M+ jobs, generated $24+ billion in revenues in 2019, and help build sustainable growth models in their home countries.

Learn more about the companies and entrepreneurs selected below.

BRAZIL

Entrepreneur: Cassio Bobsin
Company: Zenvia
Description: Zenvia is the leading communication-platform-as-a-service (C-PaaS) provider in Brazil, empowering companies like Danone, Amazon, RD Station, and Creditas to connect, automate, and manage customer communications across a variety of channels. With more than 10B messages sent in 2019 by its 8K clients, it provides a complete platform for its clients to increase engagement, decrease service costs, and interact with their customers wherever they might be. Operating in the estimated $3.2B global C-PaaS market, Zenvia aims to expand its communication channels and geographic operations to become a global player in the customer communication and experience industry.

INDONESIA

Entrepreneur: Iwan Kurniawan, Kelvin Teo, and Kah Meng Wong
Company: Funding Societies (Modalku)
Description: Funding Societies – Modalku is an online platform that connects investors with small businesses that need funds, solving the financial inclusion issue by making credit-worthy SMEs bankable. The company is the first digital financing platform that got operating licenses from regulators in Singapore, Indonesia and Malaysia. Most recently the company raised a $40M Series C, which will be used for applying for a Digital Bank license, market entry into Thailand and achieving profitability. So far, the company has disbursed loans of more than $1.08 billion for MSMEs in Indonesia, Singapore, Malaysia and Thailand. Indonesia accounted for around 60 percent of the total loan disbursement.

KENYA

Entrepreneur: Joseph Rehmann
Company: Victory Farms
Description: Victory Farms is the fastest growing fish farm in Sub-Saharan Africa and the largest fish farm in East Africa, producing fresh and healthy protein for thousands across Kenya. The company uses cutting edge technology to farm tilapia in Lake Victoria at scale to deliver fresh fish throughout Western Kenya and Nairobi. The product is mainly sold via a network of ~2,000 market women that sell to end customers. Founded in 2015, the company achieved a production capacity of 10,000 MT in 2019. They are currently raising a Series B round to finance building of new aquaculture infrastructure, a solar energy grid and research to boost tilapia survival rate to >90%

SPAIN

Entrepreneur: Laura Urquizu
Company: Red Points
Description: Brands have never been more vulnerable to the issues of online counterfeiting, piracy, and distribution fraud. Red Points (RP) empowers businesses worldwide to seamlessly protect their valuable assets across all online distribution channels. Through its proprietary technology, companies can scan the Internet, identify and take down all violations and infringements. Nowadays, $1 in $5 are lost to counterfeits, piracy and the gray market, and counterfeiting and intellectual property (IP) infringement cost companies $4.2T a year. To date, the company secured more than 650 clients between Europe and the US, employs more than 250 people and has raised over $64M in VC funding from top tier investors such as Summit Partners and Eight Roads Ventures. 

TURKEY

Entrepreneur: Kaan Gunay, Onur Kardesler
Company: Firefly
Description: Founded in 2017, Firefly is an advertising technology company that works with taxi companies and rideshare drivers to install its proprietary advertising displays atop their vehicles. With Firefly’s technology, for the first time advertisers can combine digital ads, programmatic inventory, dynamic geotargeting, and precise measurement in out-of-home (OOH) marketing.  With an impressive list of funders including GV, Industry Ventures, and NFX, Firefly has achieved strong traction. The company’s screens provide an additional revenue stream to drivers and deliver 800M+ impressions of dynamic content per month across more than 40K square miles based on location-based, WiFi-enabled triggers. 

June 2020 Newsletter

To view Endeavor’s June newsletter, a recap of all the top news stories from the past month, please CLICK HERE.

Reminder: To receive our monthly newsletters by email, please enter your email address in the sign-up box at the bottom of the page.

High-Impact Founders Gather Virtually for Third Endeavor Outliers Program

High-impact entrepreneurs leading more than 90 companies from 22 growth markets gathered virtually over Zoom this June for the Endeavor Outliers event, an invite-only experience designed to offer the highest-growth entrepreneurs in Endeavor’s network experiences tailored to their stage of scale. The program, held June 1-2, included intimate gatherings with today’s top CEOs and coaches, and guided peer-to-peer conversations curated around company stage, industry outlook, leadership, and functional challenges — all designed to inspire, connect, and provide a platform for getting support from both peers and experts.

Virtual format notwithstanding, the Endeavor Outliers gathering facilitated new peer connections through both vulnerable conversations and lighter moments such as “Pitch Imperfect” competitions at Happy Hours.

Now in its third year, Endeavor Outliers was launched out of the recognition that, even within a community like Endeavor’s of founders that have reached scale, challenges and support needs differ based on factors such as the speed or stage of growth — and with the goal of continuing to push all Endeavor Entrepreneurs, regardless of stage, to strive for more.

Endeavor Outliers aims to help these entrepreneurs address the unique leadership challenges that accompany such scale and success — understanding that if we bring together this world-class global network of peers to learn from and with each other, magic can happen. Through this program, Endeavor seeks to help these entrepreneurs accelerate the growth of not just their businesses, but themselves as leaders, and make the lonely CEO journey a little less hard. 

This year’s event was attended by a diverse group of Endeavor Entrepreneurs, drawing some of the world’s highest-growth founders from markets spanning Africa, Southeast Asia, Latin America, Europe, and the United States, including some of Endeavor’s newest markets such as Vietnam, Ireland, and Colorado. Virtual format notwithstanding, the Endeavor Outliers gathering facilitated new peer connections through both vulnerable conversations and lighter moments such as “Pitch Imperfect” competitions at Social Hours, and reinforced the strength of Endeavor’s community of founders.

Highlights of the event included intimate roundtable discussions led by top business entrepreneurs and coaches such as Reid Hoffman, Brad Feld, Punit Aggarwal, Jerry Colonna, Javi Olivan, and Bill Veghte, who candidly shared their experiences navigating some of the very challenges Endeavor Outliers are facing today and offered their insights on the tough challenges of being a successful founder, personally and professionally. 

The event also included peer-to-peer coaching sessions, where entrepreneurs learned frameworks that they can use to coach their own teams, while also working through their challenges with a trusted group of peers. Pascal Finette and Jeffrey Rogers of Singularity University closed out the two-day gathering with an interactive session on weak signal spotting, and how Outliers can prepare themselves and their businesses to thrive in the time beyond the COVID-19 pandemic.

Coming out of Outliers, many of the attendees echoed sentiments that the event had inspired them to find further inspiration among their peers in the Endeavor network, aspire to be bigger than they were today, and commit to becoming a better leader.

“The journey of entrepreneurship is long and lonely. I feel lucky to be connected to all the amazing founders in this group,” reflected Brian Requarth, founder of VivaReal and founder of Latitude 4. “It’s humbling to be part of a community where you have such incredible talent from around the globe.”

Endeavor Outliers was made possible by sponsorship from JP Morgan and Silicon Valley Bank. 

The Second Annual Lindas Will Honor Endeavor Entrepreneurs Innovating in Times of Crisis

Endeavor is pleased to announce the launch of the second annual Lindas, an award given to Endeavor Entrepreneurs who embody the Endeavor spirit of dreaming crazy, scaling up, and paying it forward. This year’s Lindas will honor Endeavor Entrepreneurs making contributions in two timely and important categories: stepping up in extraordinary ways in the fight against the coronavirus pandemic, and making high-impact commitments to diversity and inclusion. 

Core to Endeavor’s DNA is the belief, “When economies turn down, entrepreneurs turn up.” Founded in emerging markets amidst the Thai bhat collapse in 1997, Endeavor’s mission today remains to prove that anyone, from anywhere, can hatch a “crazy” idea; access the networks, talent, and capital to build that idea to scale; achieve success; then, most important, pay it forward to inspire, nurture, and enable the next generation. 

High-impact entrepreneurs have played and continue to play an important role in solving many of society’s biggest challenges. As we respond to an unprecedented global health crisis, these individuals will be integral to developing essential solutions and shaping our society and economy of tomorrow. Systemic inequalities persist in the entrepreneurship community in all of the countries Endeavor operates in; entrepreneurs who proactively seek to change that in their own industries can have transformational impact on their broader communities.

Launched in 2019 in tribute to Endeavor Co-founder and CEO Linda Rottenberg’s commitment to the high-impact entrepreneurship movement and legendary enthusiasm and passion, The Lindas honor Endeavor Entrepreneurs who exemplify the values of our global network: integrity, trust, high-impact ambition, a borderless mindset, and a commitment to paying it forward by spreading the transformative qualities of entrepreneurship through role modeling, mentorship, and reinvestment. Today, these core values have never been more relevant. 

The 2020 Lindas call for nominations of extraordinary Endeavor Entrepreneurs who have embodied these values through their leadership, initiatives, and vision through this time of crisis. To be considered for the Lindas, nominees must:

  • Be an Endeavor Entrepreneur; 
  • Have achieved proven scale; 
  • Pay it forward as an active role model, mentor, or investor;
  • Exemplify Endeavor’s values of integrity, trust, and high-impact ambition, and the #OneEndeavor mindset.

In addition, nominees must have demonstrated impact in either or both of the following categories:

  • Responding to the coronavirus pandemic with tangible solutions; 
  • Taking action to increase diversity and inclusion in their company, industry, or community.

The Endeavor Global board will identify up to (2) winners in each category. Please join us in celebrating by nominating an entrepreneur you think best captures Endeavor’s spirit of dreaming crazy, scaling up and paying it forward. All nominations should be submitted by July 10, 2020.

Nominate an Endeavor Entrepreneur: endeavor.org/thelindas

Read more about The Lindas here. See the stories of last year’s winners here.

Endeavor Partners with Leading International Companies to Launch Restarting Together, an Initiative to Boost Recovery After COVID-19

  • Boston Consulting Group, CEMEX, Telefonica, Airbus BizLab, BASF, BID Lab, Citi, Endeavor, IE, IESE Business School, Microsoft for Startups and South Summit are organizing Restarting Together, a global challenge for startups and small and medium-sized enterprises (SMEs). The initiative is designed to contribute to a fast-economic recovery and create a more resilient society in the face of a crisis like the current pandemic.
  • The call for entries will be open from June 2 through June 30, 2020, on www.restartingtogether.com
  • The most promising solutions will showcase their project to a specialized jury on September 9, 2020, and the winners will share their vision with global leaders while having the possibility to receive acceleration support or investment.

Airbus BizLab, BASF, Boston Consulting Group, CEMEX, Citi, Endeavor, IDB Lab, IE, IESE Business School, Microsoft for Startups, South Summit and Telefonica announced today the launch of Restarting Together, a global challenge that seeks to boost innovative projects after the impact of COVID-19. The initiative aims to promote projects developed by entrepreneurs and SMEs that will contribute both to speed up economic recovery after the effects of the pandemic, and create a more resilient society, with more effective and sustainable capabilities against future similar crises. Through this joint initiative, this diverse group of industry leaders want to promote community engagement to build a better society. 

The overall goal of Restarting Together is to find innovative projects that seek to expedite the return to normality after the confinement period caused by the COVID-19 pandemic. This initiative also looks to identify projects to boost economic recovery in a sustainable way, aimed specially at improving employment, revitalizing the ecosystem of small businesses, and creating networks and financial aid mechanisms for crisis situations. Likewise, the challenge encourages entrants to propose solutions that bolster cities´ response for any type of crisis in the future, whether it be sanitary, economic or driven by environmental or climate change issues. 

Interested participants can present their proposals from June 2 through June 30, 2020 by entering www.restartingtogether.com. Proposals will be evaluated based on their projects’ social and economic impact, feasibility, rapid implementation time, and degree of sustainability and innovation.

The nine most promising projects would be scheduled to participate on a digital Pitchday on September 9, 2020, where they would present their solution directly to the organizing companies´ representatives, who would select three winners to share their vision with global leaders from the supporting companies. The three winners would enjoy the possibility of receiving access to corporate resources from the organizing companies, including potential acceleration or investment. Additionally, all proposals should be available for development, promotion, and implementation by all, or some, of the companies organizing Restarting Together. The global and multidisciplinary focus of the industry leaders that make up Restarting Together allow for the implementation of these solutions, with the potential to achieve global results to make the strongest potential impact on society.

The organizers will offer participants their experience and knowledge in diverse industries, as well as the opportunity to build relationships with leading multinational companies, and possible access to investment capital.

For more information about Restarting Together and the registration process, please visit www.restartingtogether.com

BOSTON CONSULTING GROUP

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation—inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact. To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.

CEMEX

CEMEX is a global building materials company that provides high-quality products and reliable services. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information, please visit: www.cemex.com

TELEFONICA

Telefónica is one of the largest telecommunications companies in the world by market capitalization and number of customers with a comprehensive offering and quality of connectivity that is delivered over world class fixed, mobile and broadband networks. As a growing company it prides itself on providing a differential experience based both on its corporate values and a public position that defends customer interests. The company has a significant presence in 14 countries in Europe and Latin America and over 344 million accesses. Telefónica is a 100% listed company and its shares are traded on the Spanish Stock Market and on those in New York and Lima. 

AIRBUS BIZLAB

Airbus BizLab is a global aerospace accelerator, where startups and Airbus intrapreneurs speed up the transformation of innovative ideas into valuable businesses.

BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.

CITI

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

ENDEAVOR

Established in 1997, Endeavor is leading the global high-impact entrepreneurship movement to drive economic growth and job creation by selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world. To date, Endeavor has screened more than 60,000 individuals and selected more than 2,000 founders leading over 1,200 scale-up companies. With support from Endeavor’s worldwide mentor network, Endeavor Entrepreneurs have created over 4.1 million jobs, generate more than $24 billion in revenue each year, and inspire future generations to innovate and take risks, building strong entrepreneurship ecosystems in growth markets. Headquartered in New York City, Endeavor currently operates in 35+ growth markets throughout Africa, Asia, Europe, Latin America, the Middle East, and North America.

IDB Lab

IDB Lab is the innovation laboratory of the IDB Group, the leading source of development finance and know-how for improving lives in Latin America and the Caribbean (LAC).  The purpose of IDB Lab is to drive innovation for inclusion in the region, by mobilizing financing, knowledge, and connections to co-create solutions capable of transforming the lives of vulnerable populations affected by economic, social or environmental factors. Since 1993 IDB Lab has approved more than US$ 2 billion in projects deployed across 26 LAC countries, including over US$ 300 million to develop the Venture Capital industry in the region. www.idblab.org

IE University

IE University offers a technology-based learning ecosystem for leaders seeking to make a difference in the world through innovation, a global vision, an entrepreneurial mindset and a unique approach based on the Humanities. IE University’s faculty of more than 500 academics currently teach degrees, master’s programs, doctorates and executive training to students from 131 countries. IE University’s platform of more than 66,000 alumni is present in 165 countries.

IESE Business School

IESE is the graduate business school of the University of Navarra. It is one of the world’s most international business schools, with campuses in Barcelona, Madrid, Munich, New York and São Paulo, and programs offered throughout Europe, Africa, Asia and the Americas. For more than 60 years, IESE has been at the forefront of management education and leadership development. It has done this through offering transformational educational experiences to more than 50,000 entrepreneurs and executives. IESE´s mission today remains the same as it was back in 1958: to educate and inspire leaders who wish to have a positive and lasting impact on people, business and society. This effort has been recognized by the Financial Times ranking, which for the sixth consecutive year has positioned IESE as the number 1 school in the world for executive education. www.iese.edu 

MICROSOFT FOR STARTUPS

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

SOUTH SUMMIT

South Summit is now recognized as the global platform for innovation and high-value connections among key players in the global ecosystem, startups, corporations and  investors  in real business generation. An initiative created by Spain Startup in 2014, South Summit is based in Madrid, and has extended its connection network throughout the rest of Europe and Latin America, with meetings in Colombia, Mexico, Israel and the United States. South Summit19 brought together more than 20,000 attendees, among them  6,500 startups, 6,700  corporate and  1,100 investors with a portfolio of approximately $120billion. The finalists of previous editions have attracted more than $3.2 billion in investment, in addition to closing a multitude of agreements with corporations from the different productive sectors.

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This press release contains forward-looking statements that reflect the Companies’ current expectations and projections about future events based on their knowledge of present facts and circumstances and assumptions about future events, as well as their current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from the Companies’ expectations. 

As a result, the companies involved do not guarantee that it will be possible to hold the described events, including the digital Pitchday on September 9, or award access to investments or corporate resources from the Companies. The companies involved are not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.

Endeavor Selects 10 Entrepreneurs Leading Five Companies at the Third Virtual International Selection Panel

Endeavor selected 10 entrepreneurs from five markets at its Third Virtual International Selection Panel (ISP), welcoming the first company from the newly launched Western New York office. Endeavor now supports 2,069 entrepreneurs leading 1,290 companies in 37 markets around the world (read more about the newly selected entrepreneurs below).

The Virtual ISP was presented by Softbank, with additional support from AXA, Bain, Cooley, EY, HSBC, Silicon Valley Bank, and Zoom.

Typically held eight times per year, the ISP is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship to create large-scale wealth and jobs, and are committed to reinvesting their time and money in their local entrepreneurship ecosystems to help others take off. Beyond the selection process, ISPs are also unique international gatherings that bring entrepreneurs, dedicated business leaders and staff together across borders and industries, and allow them to make connections they may never have otherwise. This event marks the third Virtual ISP that Endeavor has held.

Over the course of three days at the Virtual ISP, panelists utilized Zoom breakout rooms to interview a small group of high-caliber entrepreneur candidates about their businesses. In “deliberation rooms” — private Zoom meetings with only Endeavor staff and panelists — panelists evaluated the entrepreneurs on their potential for high-impact growth, discussed which candidates should be selected to become Endeavor Entrepreneurs, then voted unanimously to select the newest Endeavor Entrepreneurs.

“Endeavor is raising the bar — with the companies being brought into the network, with the panelists participating in the selection process, and with the use of technology and virtual formats to forge ahead,” said Equifax International COO Robin Moriarty, PhD, who served as a panelist at the event. “The entrepreneurial spirit is embodied by Endeavor and through the Virtual ISP.”

Other panelists at the ISP included: Brian Requarth (Founder, VivaReal; Chairman, Grupo ZAP; Alumni Endeavor Entrepreneur), Elise Mitchell (Founder & Chairman, Mitchell Communications; Endeavor Northwest Arkansas Board Chairwoman), Firat İşbecer (CEO, Commencis; Endeavor Entrepreneur; Endeavor Turkey Board Member), Pietro Sella (CEO, Sella Group; Endeavor Italy Board Chairman), Scott Sobel (Co-Founder & Managing Director, Valor Capital Group), Steve Ciesinski (SRI International; Stanford Graduate School of Business), Alejandro Jaimes (Chief Scientist & SVP of AI, Dataminr), Martin Escobari (Managing Director and Co-President, General Atlantic; Endeavor Global Ambassador), Matt Harris (Partner, Bain Capital Ventures; Endeavor Global Board Member), Maurice Ferre, M.D (InSightec; Endeavor Miami Board Member), and Sergio Furio (Founder & CEO, Creditas; Endeavor Entrepreneur; Endeavor Brazil Board Member).

As part of Endeavor’s network, the entrepreneurs selected at the Virtual ISP will gain access to comprehensive, strategic, global support services, including introductions to local and international business mentors, investors, and volunteers from Fortune 500 consulting firms who will help them address key needs.

Endeavor Entrepreneurs have had a significant track record of impact. Endeavor Entrepreneurs have created 4.1M+ jobs, generated $24+ billion in revenues in 2019, and help build sustainable growth models in their home countries.

Learn more about the companies and entrepreneurs selected below.

COLORADO

Entrepreneur: Fred Kneip
Company: CyberGRX
Description: CyberGRX provides enterprises and their third parties with the most cost-effective and scalable approach to third-party cyber risk management today. Built on the market’s first third-party cyber risk Exchange, CyberGRX arms organizations with a dynamic stream of third-party data and advanced analytics helping organizations efficiently manage risk in their partner ecosystems. Based in Denver, CO, CyberGRX was designed with partners including Aetna, Blackstone and MassMutual.

INDONESIA

Entrepreneur: Edward Tirtanata
Company: Kopi Kenangan
Description: Indonesia, the world’s fourth largest coffee exporter, is also Southeast Asia’s lowest per capita coffee consumer. This is due, in part, to a price and quality gap between street vendor coffee and premium chains, making quality, locally-familiar coffee beverages hard to come by in the country. Kopi Kenangan is a locally-focused retail coffee chain that is quickly filling that unmet need for Indonesians through trendy, customer-first locations and beverages. The digital-first company has grown rapidly since 2017, now serving up millions of affordable coffee beverages across hundreds of locations.

NIGERIA

Entrepreneurs: Obi Ozor & Ife Oyedele
Company: Kobo360
Description: Kobo360 is a logistics platform that connects cargo owners to truck owners within minutes, handling the entire process from matching, visibility, invoicing, collection of waybills and payments, while providing financing, insurance and discounted supplies to truck owners. Launched in Nigeria in 2018, Kobo360 has expanded into Kenya, Uganda, Ivory Coast, Ghana and Togo, delivering cargo for clients such as Unilever, Olam, Lafarge, DHL and Maersk. Kobo360 is building a Global Logistics Operations System (G-LOS), and aims to expand across the continent, capturing a large piece of the $140B logistics market

UAE

Entrepreneurs: Kerem Kuyucu & Ali Cagatay Ozcan
Company: Justmop
Description: Justmop, founded in 2015, is an on-demand managed marketplace that enables customers to find, book, pay for, and rate cleaning service providers in a hassle-free manner through their mobile phones. With more than 200K clients and 15K cleaners that complete more than 50K appointments every month, JustMop aims to bring transparency and digital transformation to the GCC’s highly fragmented and underutilized cleaning services market, valued at more than $2.5B

WESTERN NEW YORK

Entrepreneurs: Arunas Chesonis, Jack Baron, Algimantas (Al) Chesonis & Scott Tudman
Company: Sweetwater Energy
Description: Sweetwater Energy has developed proprietary and patented Sunburst™ technology, the first to deconstruct plant material, such as wood, into these components efficiently and cleanly enough to make thousands of products that today rely on petroleum and other non-renewable sources, such as biofuels, bio chemicals, food, advanced materials, packaging and paper products. Sweetwater plans to license and/or build highly profitable bio-refining facilities globally over the next five years and hopes to make the green revolution a reality.

Spain’s Wallbox Completes Second Tranche Of €23M Series A Investment with Participation from Endeavor Catalyst

Wallbox, the smart EV charging company led by Endeavor Entrepreneur Enric Asuncion, announced the closing of a €12 million second tranche of Series A investment in early March, bringing the total Series A round to €23 million. The round was led by venture capital fund Seaya Ventures, with additional investment from Endeavor Catalyst and existing investors such as Iberdrola.

“We believe that innovators like Wallbox have an important role in reshaping the mobility sector in the coming years. Our commitment to companies that are leading the way towards more sustainable technologies, such as electric transportation, is stronger than ever,” said Beatriz González, founder and managing partner of Seaya.

Photo courtesy of Wallbox

Luis Buil, global lead for Smart Mobility at Iberdrola, commented on the importance of this milestone: “This funding round shows our confidence that sustainable mobility will be one of the key sectors during the post-COVID-19 recovery, in which we must take the opportunity to advance towards a low-carbon economy. With our support and commitment to Wallbox, we also move forward on our own strategy to launch a charging infrastructure to continue to propel zero-emission transportation”, he explains.

“We have been working with Enric and the Wallbox team for over a year now, and we’ve been impressed by the vision he has created for the company and the speed in which they are turning it into reality,” adds Allen Taylor, Managing Director of Endeavor Catalyst. “Innovators like Enric are creating the technologies — and jobs — of the future, and that’s what the world needs today more than ever.”

The funds raised will be used to drive Wallbox’s international growth in China and North America, and to continue to expand its technology innovation and R&D efforts. Wallbox began its expansion into the Chinese and North American markets in 2019.

With its company Wallbox FAWSN Charging Systems Co Ltd., a joint venture with Changchun FAWSN of China, Wallbox manufactures EV chargers for the Chinese market in Suzhou, 100 km west of Shanghai. The initial capacity in Suzhou is 100.000 chargers per year.

In North America, Wallbox opened its Silicon Valley office last year to distribute its EV chargers to the U.S., Canada, and Mexico. At this year’s Consumer Electronics Show in Las Vegas, the company presented its Pulsar Plus and Quasar chargers ahead of the forthcoming U.S. launch this fall and won four “Best of CES” awards from Engadget, Robb Report, Electrek and Newsweek. Wallbox’s Quasar was also selected as a finalist for Fast Company’s 2020 World Changing Ideas Awards in the energy category and received an honorable mention in the general excellence and consumer products categories.

“Over the last year, we have made significant strides both in growing our distribution and the development of advanced charging technologies,” said Enric Asunción, CEO of Wallbox. “The continued support of our investors and the addition of new shareholders into the Wallbox family will enable us to further our global growth. We are excited to start this new chapter in our mission to reduce the world’s dependency of fossil fuels.”

About Wallbox
Wallbox was founded in 2015 by Enric Asunción and Eduard Castañeda. Wallbox designs, develops and manufactures intelligent charging solutions for electric vehicles and plug-in hybrids for both domestic and business use. Its customers include major automobile manufacturers and large electricity utilities. The areas of research, technical development, product testing and manufacturing are carried out at the Barcelona plant, where Wallbox has a large engineering team and a production capacity of 100,000 chargers per year. The development of the charging management platform, myWallbox and the after-sales and installation customer service area are based in Madrid. Wallbox currently has subsidiaries in Germany, United Kingdom, The Netherlands, France, United States (California) and China. Its joint venture in China, Wallbox FAWSN Charging Systems Co Ltd. has a production plant, exclusively for the sale of Wallbox products in the Chinese market.

About Seaya Ventures
Based in Madrid, Seaya Ventures has been backing the best entrepreneurs and teams from Spain and Latin America since 2013. Seaya focuses on supporting founders in scaling their businesses enabling them to become global leaders.

About Endeavor Catalyst
Endeavor Catalyst is an innovative co-investment vehicle designed to support Endeavor Entrepreneurs with their equity financing rounds and contribute to the long-term sustainability of Endeavor. Launched in 2012, Endeavor Catalyst has $110MM+ in capital under management. To date, Endeavor Catalyst has made over 130 investments across 25+ local offices.

About Iberdrola
Iberdrola is a global energy leader, one of the main global producers of wind power, and one of the world’s biggest electricity utilities by market capitalization. The group is present in numerous countries and supplies energy to over 100 million people mainly in Spain, the United Kingdom (Scottish Power), the USA (AVANGRID), Brazil (Neoenergia) and Mexico. With a workforce of 34,000 and assets in excess of €113 billion, it achieved a turnover of €35.076 billion and a net profit of €3.014 billion in 2018. Iberdrola is leading the transition towards a sustainable energy model through its investments in renewable energy, smart grids, large-scale energy storage and digital transformation, to offer the most advanced products and services to its customers. Iberdrola has made transport electrification one of the priorities of its strategy to transition toward a decarbonized economy based on renewable energy and smart networks. In March, Iberdrola decided to ramp up its sustainable mobility plan, with more investment – a total of 150 million euros – to provide an even larger number of electric vehicle charging stations within the next five years

 

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