6
• AFRICA: Africa also saw its
annual venture funding trend
up. In 2022, funding jumped
35% YoY to reach $3.1B — a
new record for the continent,
led by South Africa (32%).
• Go1 (South Africa - Fund III)
raised a $100M round in June
2022 at a $2B+ valuation.
• Flutterwave (Nigeria - Fund
III) tripled its valuation to
$3B in February 2022 after
raising a $250M Series D.
• ASIA: Venture capital funds
raised $151B in the first three
quarters of 2022, exceeding
any prior full-year fundraising
numbers, according to PitchBook.
• Carsome (Malaysia - Fund
III) raised a $290M Series
E round in January 2022
at a ~$1.7B valuation.
• FinAccel (Indonesia - Fund
IV) raised a $140M round
that was ranked as one of
the top 6 largest Series D
rounds globally this year.
We've said it before, and we'll
say it again — we have deep
conviction in the opportunity that
venture capital in emerging and
underserved markets presents,
and are steadfast in our belief
that the very best entrepreneurs
can raise money and thrive in
any environment. We also lead
with action. In February 2022, we
closed Endeavor Catalyst IV — our
largest fund to date — with $292M
across 400+ investors, including
100+ high-impact entrepreneurs.
This brings Endeavor Catalyst's
total assets under management
("AUM") up to $500M+ to continue
investing in companies led by
Endeavor Entrepreneurs globally.
And although Endeavor Catalyst
has been around for over a decade,
Eric Cheng,
Carsome (Malaysia)
Olugbenga "GB"
Agboola, Flutterwave
(Nigeria)
