Endeavor

2023 Endeavor Impact Report

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SERGIO FOGEL, DLOCAL His Journey Growing Uruguay Entrepreneurship and Connecting Emerging Markets Growing up in Uruguay, Sergio Fogel never touched a computer. When he encountered one at a friend's house before college, it changed his life. He decided to attend Israel's Institute of Technology and then worked as a researcher at IBM. Family drew him back to Uruguay, but he couldn't find a similar job there, so he decided to become a tech entrepreneur. Payments solution unicorn dLocal is his biggest success story. When dLocal went public in 2021, its market cap represented 20% of Uruguay's GDP. GIBRAN HUZAIFAH, EFISHERY His Journey to Revolutionizing Fish Farming in Indonesia Gibran Huzaifah grew up next to a wet market in East Jakarta. He didn't come from an elite background, but he did get himself into the Bandung Institute of Technology. There he built his own catfish ponds to help fund his studies, creating a device to automatically feed his fish. eFishery was born. The company now helps 70,000 farmers across Indonesia earn a better living. In the process, eFishery became the largest digital aquaculture company in the world and the first to surpass a $1 billion valuation. 1 7

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