Endeavor Catalyst closes $320 million fund to expand emerging-market investments
Endeavor Catalyst has completed the final close of its oversubscribed $320 million Fund V, lifting assets under management to more than $850 million as it expands backing for high-growth companies in emerging markets. The new capital adds to the firm's push beyond traditional venture capital hubs, with the Philippines among the markets expected to benefit from broader access to global investors and co-investment networks.
Highlights
- Endeavor Catalyst closed Fund V at $320 million, aiming to invest in globally significant startups outside traditional VC hubs, already backing 30 companies with $55 million deployed.
- Since founding, Endeavor Catalyst has invested over $500 million in 469 deals across 44 markets, including 83 unicorns and 39 exits, with 15 liquidity events since early 2025.
- In Asia, the firm invested $46.8 million in 44 companies and expects faster exits in the region, while Latin America remains its largest portfolio, reflecting diverse regional expansion.
Fund size, deployment and regional strategy
As reported by BusinessWorld Online, the final close supports Endeavor Catalyst's strategy of investing in entrepreneurs building globally significant businesses outside traditional venture capital centers. Across its five funds, the firm has backed 437 companies in 44 Catalyst markets, including 83 unicorns and 39 exits.Since its founding, Endeavor Catalyst has deployed more than $500 million across 469 investments, including follow-on rounds, and has recorded 15 liquidity events since the start of 2025. Fund V has already backed 30 portfolio companies and deployed more than $55 million, while the firm says it expects to invest another $25 million to $30 million over the rest of 2026.
The portfolio includes Bukalapak, Advance Intelligence Group and Carsome. Endeavor Catalyst Head of Asia Caela Tanjangco said in a statement that 2025 was a "wait and see" year for investment in Asia, but the firm expects companies in the region to scale, merge, list and exit more quickly in the coming years.
Philippine access to global capital
Asia remains part of the firm's broader investment strategy, with Endeavor Catalyst investing $46.8 million across 44 companies in six regional markets. Europe is also seeing faster investment activity, with 12 new investments in the first half of 2026 after 14 in all of 2025, while Latin America remains the largest region in the portfolio alongside the Middle East, Africa, Asia, the U.S. and Canada.In the Philippines, Endeavor Catalyst has backed Growsari, Sprout Solutions and First Circle. The firm says founders in the Endeavor network are expected to benefit from access to global capital, co-investors and international entrepreneurial connections as Fund V continues to deploy capital.
Endeavor Philippines Managing Director Manny Ayala said in a statement that the fund shows investors see opportunity in founders beyond established hubs and that the Philippines has a place in the next wave of global company building. Endeavor Philippines, launched in 2015, has supported more than 45 Filipino entrepreneurs across fintech, e-commerce, logistics and other sectors.
Endeavor Catalyst is the venture capital arm of Endeavor, whose global network spans more than 3,100 entrepreneurs in over 50 countries. The firm says it will continue focusing on high-growth founders in markets where it sees strong ambition and room to build globally significant companies.
Our earlier article on Philippine bond-market modernization explained the planned shift to a new pricing convention for peso-denominated government bonds and the expected inclusion in J.P. Morgan’s Government Bond Index-Emerging Markets, steps aimed at widening the investor base and improving liquidity. We also noted that these changes alone won’t automatically translate into stronger business investment, because outcomes still depend on factors like global rates, fiscal credibility, and broader reforms that deepen corporate funding channels and strengthen the operating environment for productive investment.