Endeavor

2017–18 Endeavor Catalyst Annual Report

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3 The Endeavor Model About Endeavor Endeavor Catalyst A Brief History A Truly Global Fund Portfolio Composition (Fund I and Fund II) Our Co-Investors Co-Investors: Investing Alongside the Leading Funds of the World Endeavor Catalyst Investments: Fund I Two New Exits for Fund I Fund I: Portfolio Overview and Performance Endeavor Catalyst Investments: Fund II Final Close of Fund II Fund II: Portfolio Overview and Performance Omidyar Network (ON): From Donor to Investor—a Transformational Partnership Fintech: Continued Investment Growth in the Sector Edtech: Democratizing Education Through Technology, Particularly in Latin America Healthcare: A Recent Wave of Innovation and Capital Inflow 2017 Endeavor Catalyst Investor Meeting Investment Pipeline: Geographic Reach Expands as Endeavor Grows Investors and Donors Thank You 6 8 10 11 12 14 18 20 22 40 42 46 57 58 60 62 64 66 68 70 72 74 Table of Contents

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