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Endure Capital is a venture capital firm founded in 2015, with a focus on early-stage, impact-driven investing. The firm operates from multiple offices located in Cairo, Palo Alto, Amsterdam, and Dubai. Endure Capital primarily targets investments in Africa while also exploring selective opportunities in North America, Europe, and the Middle East. The firm has successfully raised two funds, with the first fund closing at approximately $20 million in 2016, achieving a top-quartile performance with a 43% IRR and a 4.3x multiple.
Currently, Endure Capital manages around $85 million in total assets under management (AUM) and has invested in approximately 52 companies across its funds. The firm is recognized for its commitment to supporting resourceful founders who are addressing significant challenges in their communities. Notable milestones include the successful exit of Careem, a ride-hailing super-app acquired by Uber for $3.1 billion.
Endure Capital invests in early-stage companies across various sectors, including fintech, B2B e-commerce, foodtech, healthtech, and deeptech. The firm typically invests between $1 million and $5 million in companies at the pre-seed, seed, Series A, and Series B stages. Approximately 50% of the fund is reserved for follow-on investments in top-performing portfolio companies, ensuring that founders receive continued support as they scale their businesses.
The firm emphasizes backing resourceful founders who are committed to solving significant problems within their communities. Endure Capital's investment strategy is characterized by a strong focus on sustainability and enduring growth, making it a compelling partner for startups that align with these values.
Endure Capital's portfolio includes a diverse range of companies across various sectors. Notable investments include:
These investments reflect Endure Capital's commitment to supporting innovative solutions across various industries.
Tarek Fahim – Managing Partner; co-founder of Endure Capital. He has previously served as an investment committee member at Hivos Impact Investments and is a board member at eSpace. Tarek has extensive experience in venture capital and impact investing.
Waleed Khalil – Co-founder of Endure Capital. Waleed brings a wealth of knowledge in early-stage investing and has played a key role in shaping the firm's investment strategy.
To pitch Endure Capital, founders should send an email to info@endurecapital.com. It is important to include a comprehensive pitch deck that outlines the business model, market opportunity, and team qualifications. The firm appreciates detailed information that demonstrates the startup's potential for impact and sustainability.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process.
In September 2022, Endure Capital announced the first close of its second fund, targeting $50 million for investments in early-stage companies. The firm continues to expand its portfolio, focusing on sectors such as fintech, healthcare, and foodtech.
Endure Capital co-led a $25 million Series A round in Brimore alongside the International Finance Corporation (IFC), highlighting its commitment to supporting innovative startups in the region.
What are Endure Capital's investment criteria?
Endure Capital focuses on early-stage companies in sectors such as fintech, B2B e-commerce, foodtech, healthtech, and deeptech. The firm typically invests between $1 million and $5 million in pre-seed, seed, Series A, and Series B stages.
How can I pitch to Endure Capital?
Founders can reach out to Endure Capital via email at info@endurecapital.com. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and team background.
What makes Endure Capital different from other VCs?
Endure Capital emphasizes impact-driven investing, particularly in Africa. The firm reserves approximately 50% of its fund for follow-on investments, ensuring continued support for top-performing companies.
What is the geographic focus of Endure Capital?
The firm primarily invests in Africa but also explores opportunities in North America, Europe, and the Middle East.
What is the typical post-investment involvement of Endure Capital?
Endure Capital provides strategic guidance and mentorship to its portfolio companies, leveraging its extensive network to help founders navigate challenges and scale their businesses effectively.
What is the fund size of Endure Capital?
Endure Capital's second fund, known as Endure 21, has a target size of $50 million, with the first close announced in September 2022.
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