While VCs crowd into San Francisco, Endeavor Catalyst raises $320M for founders ‘elsewhere’

Endeavor Catalyst, a nonprofit venture capital firm, has raised $320 million to invest in startups outside of Silicon Valley. The firm will retain half of the profits, with the other half going back to Endeavor, the nonprofit that identifies and supports entrepreneurs in emerging markets. This funding will enable Endeavor Catalyst to continue backing founders in underserved regions, providing them with resources and investment opportunities.