Endeavor Catalyst raises $320M to fund founders outside Silicon Valley

Endeavor Catalyst, the venture arm of nonprofit Endeavor, closed a $320 million fund dedicated to backing founders in markets outside Silicon Valley. The fund structure directs half of all profits back to Endeavor's nonprofit operations, which identify and support entrepreneurs in emerging ecosystems.

The raise reflects a broader trend of venture capital diversifying beyond traditional tech hubs. Endeavor's model combines for-profit investment returns with a nonprofit mission to develop founder talent globally.