Endeavor Catalyst Closes Oversubscribed $320M Fund V, With Seven Nigerian Companies in the Portfolio
LAGOS, Nigeria—October 8, 2026—Endeavor Catalyst today announced the final close of Endeavor Catalyst Fund V, an oversubscribed $320 million fund that brings the firm's total assets under management to more than $850 million. For Nigeria, where Endeavor Catalyst has already backed seven companies across fintech, logistics technology and mobility, Fund V adds capital that co-invests alongside leading venture firms in Nigerian Endeavor Entrepreneurs building companies that compete globally.
- Fund V brings Endeavor Catalyst to $850M+ in assets under management
- The Endeavor Catalyst portfolio spans 437 companies across 44 Catalyst markets and includes 83 companies valued at $1 billion or more.
- In Africa, Endeavor Catalyst has backed 29 companies across five markets, including seven in Nigeria, among them Flutterwave, Moniepoint and LemFi.
- The portfolio includes category-defining companies such as Altruist, Bending Spoons and ElevenLabs.
- Fund V has already backed 30 portfolio companies and deployed more than $55M, with an additional $25M–$30M expected over the remainder of 2026.
Zoom out: from Nigeria to the world
Nigerian companies in the Endeavor Catalyst portfolio
- Across fintech, logistics technology and mobility
- Moove is a Fund V investment
- Flutterwave's Series E valued the company at more than $3 billion
Nigeria in the Endeavor Catalyst portfolio
Flutterwave
Moniepoint
TradeDepot
LemFi
Zone
MAX
Moove
Of these, Moove is a Fund V investment.
What Fund V means for Nigeria and Africa
Africa footprint. Endeavor Catalyst has backed 29 companies across five African markets, representing 7% of the portfolio and 7% of Catalyst capital. Six of the 29 are valued at $1 billion or more, roughly one in five. A decade ago, Catalyst had deployed nothing in Africa.
Nigerian companies. Endeavor Catalyst has backed seven Nigerian companies, including Flutterwave (payments), Moniepoint (banking), TradeDepot (logistics technology), LemFi and Zone (fintech), and MAX and Moove (mobility). Of these, Moove is a Fund V investment. Flutterwave's Series E valued the company at more than $3 billion.
Founders backing founders. Endeavor Entrepreneurs represent approximately 30% of Fund V's limited partners by headcount.
“Endeavor Catalyst has demonstrated what is possible when ambitious Nigerian founders have access to capital alongside some of the world’s best investors. For the entrepreneurs in our network today, Fund V represents a stronger backing of capital as they scale into their next phase of growth. For the founders we have yet to welcome into the Endeavor community, it sends an important signal: world-class capital is looking for ambition, wherever that ambition is being built. And for the Nigerian entrepreneurs who continue to invest their time, experience and resources back into our community, their impact now extends even further. Through Endeavor Catalyst, capital from our network is backing exceptional founders not only in Nigeria, but across the markets where Endeavor operates. This is the Multiplier Effect in action, and Nigeria is an important part of it.”
A track record built Elsewhere
Global venture capital remains heavily concentrated in a small number of markets and firms, even as exceptional founders and companies are emerging across a much broader map. Endeavor Catalyst was built to find and back those founders through Endeavor's global network, investing alongside leading venture capital and growth equity firms once entrepreneurs have been selected into the Endeavor community.
That model has given Endeavor Catalyst a view into high-growth companies being built beyond traditional venture centers (the markets Endeavor calls Elsewhere) and a way to support them as they scale globally.
The shift is already visible across Endeavor Catalyst's portfolio. Europe has accelerated sharply, with 12 new investments in the first half of 2026 after 14 in all of 2025. Latin America remains the portfolio's largest region, while Endeavor Catalyst's broader footprint adds the Middle East, Africa, Asia and the U.S. and Canada.
What comes next
Endeavor Catalyst expects to deploy an additional $25 million to $30 million over the remainder of 2026. As Fund V continues to invest, the fund will remain focused on backing high-growth Endeavor Entrepreneurs across sectors and geographies where the network sees both exceptional founder ambition and the opportunity to build globally significant companies.
About
About Endeavor
Endeavor is the leading network of entrepreneurs scaling exceptional businesses around the world.
For 30 years, Endeavor has searched for, selected and supported founders scaling extraordinary companies outside Silicon Valley and China. Its goal is to establish thriving entrepreneurial ecosystems in places where talent is abundant, but access is not.
Today, Endeavor's Global Network of Trust encompasses 3,100+ entrepreneurs across 100+ markets. Endeavor guides these founders through pivotal moments in their journeys and encourages them to mentor and invest in the next generation of entrepreneurs, an impact Endeavor calls the Multiplier Effect.
It's time to redraw the innovation map. It's time to look Elsewhere.
About Endeavor Nigeria
Endeavor Nigeria, launched in 2018, is the Nigerian office of Endeavor, the leading network of entrepreneurs scaling exceptional businesses around the world. It supports 39 Endeavor Entrepreneurs leading 21 companies across fintech, mobility, logistics, healthcare, agriculture and media. Through mentorship, peer networks and access to capital, Endeavor Nigeria helps founders build companies that create jobs and compete globally.
About Endeavor Catalyst
Endeavor Catalyst is Endeavor's venture capital fund, investing exclusively in companies led by Endeavor Entrepreneurs and co-investing alongside leading venture capital and growth equity firms.
With more than $850 million in assets under management, Endeavor Catalyst has backed 437 companies across 44 Catalyst markets. Its portfolio includes 83 companies valued at $1 billion or more and 39 exits.