Scale-Up Endeavor, a program of the organization’s Brazilian arm aimed at fast-growing startups, announced the selection of 87 companies for the first batch of 2022 (see the full list, in Portuguese, here). Together, they generated BRL 1.3 billion (about $257 million) last year. In addition, female founders and co-founders make up 32% of this edition’s total number of participants, higher than the proportion in 2020 (18%) and 2021 (29%). Currently, the market average for female founders of scale-ups in Brazil is 9.8%, according to the Female Founders Report, carried out by Distrito, in partnership with Endeavor and B2Mamy.
The proportion of black people also grew, reaching 21% of the founders of those selected – an increase of 8% compared to the average of the two 2021 editions. The percentage of scale-ups founded by black people in Scale-Up Endeavor in 2022.1 it is also higher than the average in the Brazilian entrepreneurship ecosystem, which reaches only 5.8%, according to Abstartups‘ Mapping of Communities.
In November last year, Endeavor Brasil announced a change in the program for 2022: it became unified, bringing together companies from all over Brazil selected according to their maturity stage and no longer by region of origin and market vertical.
The industry with the greatest representation in this edition, which has a golden sponsorship from the EY consultancy, is solutions for large companies, covering 27 (31%) of the selected companies. Atlas Governance, Bossa Box, Legiti, Tractian are some of them.
“As companies grow and adapt to remain competitive in their respective markets, the problems they face in various functional business areas are evident. Faced with these needs, we see the accelerated growth of companies from demands in marketing and customer relationship channels, distribution and logistics, automation of internal processes, people management, and information security. In this environment, the technology ecosystem in Brazil is increasingly dynamic, and we are also faced with solutions with global potential”, said Vinicius Bergamini, manager of Scale-Up Endeavor, in a press release.
In second place are fintechs, which make up 17% of the batch, with 15 scale-ups – three of them focused on cryptocurrencies. CondoConta, Conta Black, and Rei do Pitaco are among them.
The areas of health and agribusiness come next, with 10 and 7 representatives, respectively, including names like Fix it, Nilo, AgroSmart, Terra Magna, among others.
Lasting five months, Endeavor’s acceleration methodology helps female entrepreneurs face the challenges of scale on the fronts of leadership and talent, growth strategy, and access to capital through mentoring with market experts, peer exchange, and partner companies. The group will have individual and joint journeys between March and July, with companies segmented by sector, business model, growth challenges, and fundraising stage.
