Endeavor Catalyst: US Fund Worth $320 Million Increases Focus on Europe

Endeavor Catalyst is putting more money behind Europe. The US venture fund has launched Fund V at $320 million, and the firm says the region has become its fastest-growing market. That is a clear signal, not a polite nod.

The numbers behind the push are already sizeable. Endeavor Catalyst says it has more than $850 million in assets under management, has backed 437 companies across 44 markets, and has 83 portfolio companies valued at $1 billion or more. It also counts 39 exits.

Europe has become one of its most active regions. The fund says it has made more than 90 investments across 10 European countries, with 20 companies in the region now valued at $1 billion or more. Recent Fund V bets tied to Europe include EnduroSat, founded in Bulgaria, and HappyRobot, founded by Spanish entrepreneurs. The wider European portfolio also includes Bending Spoons, ElevenLabs, Preply, ICEYE, and Fever.

And the pace has picked up. Catalyst invested in 12 companies in the first half of 2026 through Endeavor’s European offices, after 14 investments in all of 2025 and just seven in 2024. European portfolio companies raised $3.3 billion in rounds where Catalyst participated in 2025 and the first half of 2026.

Pete Benedetto, who heads Europe for Endeavor Catalyst, says Fund V is meant to make sure European founders can get the capital they need to build global companies. The firm’s London Global Hub, launched in 2024, now includes more than 90 Endeavor entrepreneurs and 100 companies. Catalyst says it is active in Bulgaria, Greece, Ireland, Italy, Poland, Portugal, Romania, Spain, Turkey, and Ukraine, with deep tech, foundational AI, and cloud infrastructure at the center of the pipeline. It expects to deploy another $25 million to $30 million before the end of 2026.