Endeavor Philippines’ New Report Highlights PHP 58 Billion Capital Raised In 2023

The global organization currently supports 46 entrepreneurs across 33 companies.

Endeavor Philippines, a global community of, by, and for high-impact entrepreneurs, has released its 2024 Impact Report and its network of businesses collectively raised $1 billion (approximately PHP 58 billion) in capital in 2023. 

In addition, the organization also revealed that it earned PHP 52 billion in revenue and created 66,000 jobs during the same year. 

Founded in 2015, Endeavor Philippines has championed the growth and success of Filipino entrepreneurs since day one. This year marks its 10th anniversary since its launch in the country. 

“At Endeavor, we’re not just supporting individual entrepreneurs; we’re building a chain reaction that reshapes industries and empowers entire communities,” said Manny Ayala, the Managing Director of Endeavor Philippines. “Each founder we back is a catalyst for innovation and opportunity, multiplying their success by mentoring, investing, and paving the way for others.”

The Multiplier Effect Program

Aside from the impressive numbers from 2023, Endeavor Philippines’ 2024 Impact Report likewise discussed the success of its Multiplier Effect program. At the center of this program is a culture of mentoring and a “pay-it-forward” mindset. 

“The Multiplier Effect shows how a single founder can have a significant impact on generations of companies, by virtue of mentoring and investing in other founders and inspiring their employees to start their own companies,” the report explained. 

The report highlighted companies within the Endeavor network that illustrated the meaning and importance of the Multiplier Effect. One of which is leading e-distributor Great Deals, which was founded in 2017 by Steve Sy.

“Despite navigating challenges, including $640,000 (approximately PHP 37 million) debt, Steve built one of the few Philippine companies to raise a Series B round,” the report said of the Great Deals founder. “His success has made him a beacon of hope and guidance for many entrepreneurs in the region.”

The Multiplier Effect is seen in Sy, according to the report, through his faith-based entrepreneurship mentorship program. 

“As an advisor, speaker, and mentor, he actively supports others through networking and guidance, helping them navigate both professional and personal challenges,” the report noted. 

Endeavor Philippines

At present, the organization supports 46 entrepreneurs across 33 companies in diverse industries, which include fintech, eCommerce, and logistics. Aside from Growsari, companies included in the Endeavor network include Angkas, BillEase, Growsari, and Kalibrr. 

Endeavors who end up becoming part of the network have to undergo a rigorous process and must demonstrate potential for regional or global impact. However, once they are part of the network, they have access to a global community of mentors, investors, and peers.

“In the coming decade, we foresee a period of accelerated growth anchored in three foundational pillars,” said Ayala. “Filipino founders will be at the forefront of addressing global challenges, pioneering advancements in fintech, retail, and F&B, and positioning the Philippines as a global hub for breakthrough innovation.”

Ayala added, “We aim to foster a deeply rooted pay-it-forward culture within our entrepreneurial community—where each success story sparks another, creating a lasting cycle of growth and positive impact for generations to come.” 

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