TransferGo Founders Become the First Lithuanians to be Invited to the Global Entrepreneur Network, Endeavor
- FinTech StartUps
- 19.09.2023 09:55 am
Daumantas Dvilinskas and Justinas Lasevičius have become the first Lithuanians to join the prestigious global entrepreneur network, Endeavor.
Endeavor is the leading global community of, by and for high-impact entrepreneurs - those who dream bigger, scale faster and pay it forward. Driven by the belief that high-impact entrepreneurs transform economies, Endeavor is on a mission to build thriving entrepreneurial ecosystems in emerging and underserved markets around the world.
In its mission to select inspiring talent from around the world, the Endeavor board aims to discover companies with a high potential for rapid and sustainable global growth. An invitation to join the network brings unique opportunities for collaboration and investment.
Members of the network learn from each other
This year's international Endeavor network will convene in Istanbul at the end of September, with closed community meetings, exclusive network member training, and a strong focus on the exchange of best practice, networking and strengthening relationships. For the first time, Lithuanian representatives will participate as fully fledged members.
“We evaluate some of the best entrepreneurs from around the globe at our International Selection Panels each month," says Marc Cho, Senior Manager of Entrepreneur Selection at Endeavor Global. "We look for founders who are at critical inflection points, where the right advice and mentorship can help them reach the next level. But scaling great businesses is just half the picture; the magic of Endeavor is selecting those who are eager to pay it forward and help other entrepreneurs reach their potential, too."
Commitment to invest
The Endeavor network includes founders of global companies such as Mercado Libre, Rapp, Glovo and Checkout. D. Dvilinskas and J. Lasevičius received the invitation to join together with the founders of Appzone, CoverManager, HarborLab, Immensa and LogComex.
"This global network not only brings together a community of founders but also commits to investing in the businesses of network members. The selection process is professional and quite lengthy. Companies are meticulously evaluated and their future potential is considered. The Endeavor selection board is particularly looking for those that can create the greatest multiplier effect on the economies of the countries they are operating in," said Daumantas Dvilinskas, Co-Founder and CEO of TransferGo. According to Daumantas, during the selection process, the board's attention was repeatedly drawn to the company's mission: to strengthen the middle class in different countries. Speaking about the selection process, Daumantas commented: "The faster this middle class develops, the greater the growth potential of the economies of countries will be. The Endeavor selection committee also carefully evaluated our business model and the potential for rapid but sustainable and profitable growth.”
Currently, the Endeavor network unites around 2,500 founders who manage more than 1,500 companies worldwide. These companies are having a significant impact on national economies. Last year alone, Endeavor-active investment portfolio companies generated over 50 billion dollars in revenue.