Endeavor Catalyst Closes USD 320 M Fund V With 7 Nigerian Startups In Portfolio

Endeavor Catalyst has closed its fifth fund at USD 320 M, taking its assets under management to more than USD 850 M and expanding its backing of high-growth startups globally.

The oversubscribed Fund V has already invested in 30 companies and deployed more than USD 55 M, with a further USD 25 M to USD 30 M expected to be invested by the end of 2026.

Endeavor Catalyst is Endeavor’s venture capital fund, investing exclusively in companies led by Endeavor Entrepreneurs and co-investing alongside leading venture capital and growth equity firms.

Across its five funds, Endeavor Catalyst has backed 437 companies across 44 markets, including 83 valued at USD 1 B or more and 39 exits. In Africa, the fund has backed 29 companies across five markets, including seven in Nigeria: Flutterwave, Moniepoint, TradeDepot, LemFi, Zone, MAX and Moove.

Moove is its latest Nigerian investment through Fund V. Endeavor Catalyst says six of its African portfolio companies have reached billion-dollar valuations.