Endeavor Philippines, a non-profit organization dedicated to scaling high-impact entrepreneurs, has released its latest Impact Report, highlighted significant achievements and outlined ambitious goals for the future.
The “10 Years of Multiplier Effect” report highlights Endeavor’s catalytic role in Philippine entrepreneurship. By mentoring, investing, and inspiring, Endeavor’s founders have ignited a self-sustaining cycle of growth, impacting generations of businesses.
According to the report, Endeavor’s impact in the Philippines continues to grow exponentially. Established entrepreneurs have evolved into influential Multipliers, mentoring and investing in emerging startups. The newest cohort is already demonstrating leadership potential, poised to become the next generation of Multipliers. In 2023 alone, Endeavor Entrepreneurs achieved remarkable milestones, generating $900 million in revenue, creating 66,000 jobs, and raising over $1 billion in capital. These achievements underscore Endeavor’s significant contribution to the Philippine economy and its commitment to fostering a vibrant entrepreneurial ecosystem.
“At Endeavor, we’re not just supporting individual entrepreneurs; we’re building a chain reaction that reshapes industries and empowers entire communities. Each founder we back are a catalyst for innovation and opportunity, multiplying their success by mentoring, investing, and paving the way for others,” said Manny Ayala, Managing Director of Endeavor Philippines as he reflected on the organization’s track record. “Our goal isn’t just growth—it’s enduring transformation, driven by entrepreneurs who will continue to elevate the Philippine economy long after Endeavor’s work with them is done.”
Ayala envisions a future where Filipino entrepreneurs are at the forefront of global innovation. He believes that the next decade will be a period of accelerated growth, driven by three key pillars:
- Global Leadership: Filipino founders will pioneer advancements in sectors like fintech, retail, and F&B, positioning the Philippines as a global hub for innovation.
- Inclusive Ecosystem: Endeavor is committed to building an inclusive ecosystem where every entrepreneur has access to the resources, mentorship, and capital they need to succeed.
- Pay-It-Forward Culture: By fostering a strong sense of community, Endeavor aims to inspire a cycle of growth and positive impact, where successful entrepreneurs mentor and invest in the next generation.
Empowering Entrepreneurs, Transforming Lives
Endeavor’s commitment to supporting high-impact entrepreneurs is evident in the success stories of its portfolio companies. Kimberly Yao, Founder and CEO of CloudEats, and Bela Gupta D’Souza, Founder and CEO of edamama, have both benefited from Endeavor’s mentorship and network.
Yao shared her experiences as an Endeavor Entrepreneur, highlighting the importance of community and mentorship. “It’s very lonely to be an entrepreneur,” she admitted. “There are challenges that you go through and problems that you have that are difficult to share with other people.”
Endeavor, however, has provided her with a supportive community of like-minded individuals. “We go through the same challenges, we share problems with each other and understand how to find solutions to these problems,” Yao explained. “Endeavor has been such a wonderful community that has been very supportive to me and my co-founder. This has inspired me to also pay it forward.”
Gupta D’Souza, who founded a leading shopping platform catering to mother and their children’s needs, likewise discussed her journey as an Endeavor Entrepreneur, drawing parallels between entrepreneurship and parenthood.
“Like raising a child, entrepreneurship is like being surrounded by a village where you feel less lonely, you have the support of someone who can spot the opportunities for you,” she explained. “Being an entrepreneur is, in some ways, nation building – whether it is the creation of jobs or solving problems you experience every day. As entrepreneurs, we hope the impact we create can really be felt and contribute towards nation building.”
Endeavor Philippines, supported by Endeavor Catalyst with over $500M in Assets Under Management, is committed to positioning the Philippines as a global hub for innovation and entrepreneurship.
Launched in 2012, Endeavor Catalyst is a venture capital fund dedicated to scaling high-growth startups within the Endeavor network. The fund has invested in over 300 companies across 35+ markets, including 57 unicorns. By providing financial support and strategic guidance, Endeavor Catalyst empowers entrepreneurs to achieve significant growth, while also generating returns for investors and sustaining Endeavor’s global operations.