The real importance of unicorns and of $1B+ companies, is not their valuation, but also what we call “the multiplier effect”; something unique to us.
With the announcement of its US$186M funding round, Olist (a SMB commerce enabler ecosystem based in Brazil that specializes in the fields of logistics and capital) becomes Endeavor's 50th $1B+ company. More importantly: The 50th high-growth entrepreneur who dreamed bigger, scaled faster and pays it forward.
The real importance of unicorns and of $1B+ companies, is not their valuation, but all that it means, from the birth of a new role model, to putting the spotlight in a market or vertical other investors might not have considered, plus, the jobs generated, how those founders become angel investors and mentors, how employees who work in that company are inspired to pursue their own venture. This is also what we call “the multiplier effect”; something unique to us.
Since Fund I started in 2012, we have invested in more than a 100 deals around the world, 29 of them are already at unicorn status. As we open up for more Endeavor friends, entrepreneurs, mentors and board members to participate in Fund IV, we would like to thank those who are committing from the Malaysia side. We hope we will bring positive yield to you like how we have benefited from one of our board of director’s support since Fund I.
25 years in the making, but we are proud to see all continents represented in this chart, especially Eric Cheng (CEO and Founder of Carsome).
We hope we are able to churn more unicorns in Malaysia in 2022 and we would like to have you onboard on this journey with us!
Read more here: https://endeavor.org/catalyst/