Endeavor Catalyst doubles down on Europe with $320M Fund V as region becomes its fastest-growing market

Endeavor Catalyst is putting fresh money behind Europe. The venture fund has started deploying Fund V, an oversubscribed $320 million vehicle, and says the region has become its fastest-growing market.

That shift is showing up in the numbers. Endeavor Catalyst has made more than 90 investments across 10 European markets, and 20 of its portfolio companies from the region are now valued at $1 billion or more. The fund says European portfolio companies raised $3.3 billion in rounds it joined across 2025 and the first half of 2026, more than any other region where it invests, including Latin America.

The firm’s Europe push includes companies such as EnduroSat in Bulgaria and HappyRobot, founded by Spanish entrepreneurs. They sit alongside names like Bending Spoons, ElevenLabs, Preply, ICEYE and Fever. Across its whole portfolio, Endeavor Catalyst says it has backed 437 companies in 44 markets, with more than $850 million in assets under management, 83 companies valued at $1 billion or more, and 39 exits.

The pace in Europe also picked up this year. Catalyst says it invested in 12 companies selected through Endeavor’s European offices in the first half of 2026, compared with 14 in all of 2025 and seven in 2024. The fund is active in Bulgaria, Greece, Ireland, Italy, Poland, Portugal, Romania, Spain, Turkey and Ukraine, and it says the current pipeline is also seeing more activity from Southeast Asia.

Beyond the checks themselves, Endeavor is using London as a base to connect founders to later-stage capital and partners. Its Global Hub there launched in 2024 and now includes more than 90 Endeavor Entrepreneurs and 100 companies. The message from the fund is plain: Europe is no longer a side bet, and Fund V is meant to keep it that way.