Endeavor Selects 11 Entrepreneurs from 6 Markets at the 18th Virtual International Selection Panel
Endeavor selected 11 entrepreneurs leading six companies at the 18th Virtual International Selection Panel (vISP) held August 23-25, 2021. Endeavor now supports 2,208 entrepreneurs leading 1,375 companies in nearly 40 markets around the world (read more about the newly selected entrepreneurs below).
The vISP was presented by General Atlantic, with additional support from AXA, Bain, Cooley, EY, HSBC, Silicon Valley Bank, and Zoom.
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.
During the vISP panelists utilized Zoom breakout rooms to interview a small group of high-caliber entrepreneur candidates leading four companies 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: Andy Hwang, Investor/Adviser; Arvind Rajan, Co-founder & Executive Chairman, Cricket Health; Claire Lee, Global Brand Ambassador, SVB Capital; David Cohen, Co-founder & Chairman, Techstars (Endeavor Colorado Board Member); Mac Schuessler, President & CEO, Evertec (Endeavor Puerto Rico Board Member); Mohamed Azab, CEO & Founder, Seha Healthcare (Endeavor Entrepreneur; Endeavor Egypt Board Member); Nick Beim, Partner, Venrock (Endeavor Global Board Member); Paulo Veras, Co-founder & Fmr. CEO, 99 (Former Endeavor Brazil Managing Director & Board Member); Rob Coneybeer, Managing Director, Shasta Ventures; Thomaz Srougi, Chairman, dr.consulta (Endeavor Entrepreneur); Yancey Spruill, CEO, DigitalOcean
As part of Endeavor’s network, the newly selected entrepreneurs 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 more than 3.9 million jobs, generate combined revenues of over $28B, and help build sustainable growth models in their home countries.
Learn more about the companies selected below:
Entrepreneur: ER Rollan & Shiv Choudhury
Vertical: Smart Cities: B2B E-commerce
Description: GrowSari is a tech-enabled B2B platform that helps the Philippines’ over one million mom & pop sari-sari stores get better service, larger assortments, and access to new services, outfitting them with both the infrastructure and tools they need to transform themselves from simple FMCG outlets to comprehensive service hubs for the nation’s grassroots communities. Today, GrowSari powers the management, growth, and analytics infrastructure of over 50K stores in 100 cities actively ordering on the platform each month. In addition to providing affordable, on-demand inventory as well as working capital loans, GrowSari’s platform also generates crucial data & insights for manufacturers and distributors.
Entrepreneur: Juan Urdiales & Felipe Navío
Vertical: Education & Talent
Description: JobandTalent (JaT) is not only the world’s leading temporary workforce marketplace, but also acts as a unique Workforce as a Service (WaaS) platform that offers both employers and employees all the services they need throughout the entire temporary contract duration. In the $4.5T global temporary workers market, JaT provides long-term job security to temporary workers by providing a white-collar experience to the forgotten blue-collar sector. To date, JaT has staffed 100K+ employees in over 1K enterprises across 8 markets. Having raised $500M+ from top-tier international VCs (SoftBank, DN Capital…), the company plans to expand globally and become the go-to platform for temporary job-management across the world.
Entrepreneur: Rajat Bhargava
Vertical: Enterprise Software & Services
Description: In the $58B global directory services market, JumpCloud is redefining the industry by offering a unified IT platform that helps SMEs securely manage and control user access to any resource from any location and device. The company’s ‘Directory-as-a-Service’(DaaS) is the single point of authority to authenticate, authorize, and manage employees’ identities and the systems and IT services they need to access. After signing its first client in 2015, JumpCloud has grown its client base to over 3K customers (including Salesforce, Uber, and Grab) spanning 160 countries. Backed by $191M from BlackRock Innovation Capital and many others, the company plans to become the #1 Cloud-Based directory service in the world.
Entrepreneur: Deepak Chhugani & Sam Blackman
Vertical: Smart Cities: Logistics & Supply Chain
Description: Nuvocargo is an all-in-one digital platform for cross border trade across the Americas, starting with trade between the USA and Mexico. U.S.-Mexico trade is in the top five biggest trade lanes in the world, and Mexico is the largest US trade partner, where notably 80% of goods are transported by truck. This represents ~10 million trucking shipments between Mexico and the U.S. every year, with customers spending more than $40B annually to move over $800B worth of goods. Backed by QED, NFX, ALLVP, YCombinator, the founders of Nubank, Rappi, Ramp, Loft, and many more, it aims to digitize this supply chain, offering increased speed, reliability, and savings.
Entrepreneur: Enrique Villamarin, Nicolás Villegas, & Juan Carlos Narváez
Vertical: Smart Cities: B2B E-commerce
Description: Tul provides small hardware stores an end-to-end platform that aims to digitize and solve inefficiencies in the supply chain of the construction industry in Latin America. The platform gives store owners access to a wide catalogue of products while providing suppliers with useful data insights on SKUs enabling them to adjust production. Through its platform, Tul efficiently aggregates demand in order to streamline supply, enabling hardware stores to become competitive, grow their profits and become technologically integrated. Tul operates in Colombia, Mexico, and Ecuador, and has raised money from top local and international investors, including Monashees and 8VC.
Entrepreneur: Aidan Corbet
Description: Wayflyer is a revenue based financing platform for e-commerce merchants. With access to e-commerce company’s data, Wayflyer gives offers within hours and funds customer accounts within days. These loans are collateral free, and repayments rates consider speed of sales, dynamically adjusting with a given businesses’ needs. To date, Wayflyer has raised $86M from investors including DST Capital, Left Lane Capital, and Guillaume Pousaz, and has kept NPLs below 1%. Going forward, Wayflyer is focusing its efforts in North America, Western Europe, and Australia which are the company’s key markets, as well as making improvements to its product in order to create a meaningful differentiation from its competitors.