Today, we’re revealing our 2023 Endeavor Outliers class. All 2,400 Endeavor Entrepreneurs in our community are doing extraordinary things, but these founders stand out from the crowd of high achievers.
Outliers embody our core organizational values: going big and paying it forward. Our 2023 class comprises the Endeavor Entrepreneurs leading the fastest-growing scale-ups and those who have led their companies to meaningful exits. They seek to multiply their impact as role models to the next generation of founders.
The Endeavor Outliers Program is a year-long experience that brings together this cohort of our highest-impact founders for curated programming and opportunities to connect virtually and in person at the Annual Endeavor Outliers Retreat. The experience is designed to help founders scale their companies faster, grow as leaders, and multiply their impact by connecting them to peers who have “been there” to work through challenges in a supportive environment. We also host curated sessions with the best company builders and mentors in Endeavor’s network.
By the Numbers
This year, 241 companies qualified for our Outliers program, 60+ of which are valued at $1B+. They’re the top companies in their markets, and nearly a third qualified for the first time in 2023.
On average, our Outlier companies are growing at a 3-year CAGR (compound annual growth rate) of more than 150%. The median company in this year’s group was founded in 2016, has raised north of $100 million in equity funding, and created around 400 jobs.
This cohort reflects the global reach of our network, spanning nearly 40 geographic markets. It includes 35 companies from Brazil, 20 from Indonesia, 18 from Spain, and 16 from Mexico as our top markets.
Southeast Asia is the fastest-growing region by representation, which has increased ~35% since 2020. Our newest markets in Poland and Pakistan have Outliers for the first time, including Spacelift, a cloud infrastructure automation platform based in Poland, and Bazaar, Pakistan’s leading e-commerce app for merchants.
Our Outliers sorted by region:
- Latin America – 34%
- Middle East and North Africa – 17%
- Southeast Asia – 15%
- Europe – 15%
- USA + Canada – 10%
- Sub-Saharan Africa – 9%
This class is also diverse regarding industry representation, from Indonesian aquaculture startup Efishery to the Brazilian HR automation platform Gupy. Fintech is the number one represented segment, surpassing retail & consumer tech for the first time.
Our Outliers sorted by industry:
- Fintech – 24%
- Retail & Consumer Tech – 22%
- Enterprise Software & Services – 18%
- Smart City – 16%
- Healthcare – 6%
- Food & Beverage – 6%
- Education & Talent – 5%
- Agriculture – 3%
Outliers Embody the Multiplier Effect
Endeavor Outliers are our best examples of the Multiplier Effect—entrepreneurs’ transformational impact on the economy when they mentor, inspire, and invest in the next generation of founders. They are paying it forward at the highest levels.
Outliers have spent nearly 2,000 hours assisting and advising other Endeavor Entrepreneurs. A small group have gone above and beyond, helping us choose hundreds of new Endeavor Entrepreneurs at our international selection panels.
The thousands of employees hired at Outlier companies also get first-hand experience in a startup environment. Our research shows the knowledge they gain will inspire some of them to become entrepreneurs themselves in the years ahead.
Endeavor is the world’s leading community of high-impact entrepreneurs. Founded in 1997, Endeavor is a global organization with a mission to unlock the transformational power of entrepreneurship by selecting, supporting, and investing in the world’s top founders. Today, Endeavor’s network spans 42 markets and supports more than 2,300 entrepreneurs whose companies generate combined revenues of over $42 billion US and have created more than 3.9 million jobs. Endeavor’s unique entrepreneur-first model and network of trust provide a platform for founders to dream big, scale up, and pay it forward to the next generation of entrepreneurs.
Endeavor launched its Nigeria office in 2018 to select and support the best founders of companies at the scale-up and growth stage who recognise a responsibility to pay it forward and multiply their impact in Nigeria’s entrepreneurship ecosystem. In Nigeria, Endeavor aims to select 4-6 companies a year, and today there are 31 Endeavor Entrepreneurs leading 16 companies in their portfolio.
Learn more about Endeavor in Nigeria: www.endeavornigeria.org. Learn about Endeavor’s global network: www.endeavor.org
Endeavor Nigeria Press Contact – Joy Mabia | firstname.lastname@example.org