Endeavor Greece and its companies presented significant growth and strong business activity over the past year, according to Endeavor Greece’s annual Impact Report, announced by the international organization.
Endeavor Greece’s annual Impact Report for 2019 captures the great growth that both the organization and the companies of its network achieved, during a year in which the Greek economy was returning to a growth trajectory. More specifically, Endeavor Greece Entrepreneurs generated a total of €380M in revenues and raised more than €120M in equity. At the same time, they managed to create 850 new jobs, reaching a total of 4,300 employees.
In 2019, Endeavor added 9 more Greek entrepreneurs to its global network (founders of Pollfish, Softomotive, Instashop, Matternet, NumberAI, Pnoe and Nova Credit), thus increasing its impact in Greece. The organization now supports 31 entrepreneurs from 25 fast-growing companies, which reached an average Compound Annual Growth Rate in Revenues that exceeded 100%. Among the most remarkable success stories of Endeavor companies were Blueground’s €50 million fundraising, Matternet’s exclusive partnership with UPS and the opening of Ergon House in Athens.
Overall, through its programs and partnerships, like the “OPAP Forward” program, Endeavor Greece now supports a total of 80 companies, which have generated €1BN combined in Revenues and have created 11.5K Jobs.
In 2019, the organization focused further on expanding its networks of high-impact entrepreneurs who have the ability to boost economic growth. To this end, the organization has created the right conditions for the formation of strategic, investment and consulting partnerships. These collaborations will allow the Greek business community to multiply its footprint and to reshape the image of the economy in the coming years.
Following the significant impact of Endeavor’s companies both in 2019 and in the previous years and while fully understanding the impact of the Coronavirus crisis, the organization’s main goal and concern for 2020 is to support the entrepreneurs of its network, so that they can get back on a growth trajectory and reach the level of success they achieved last year.
Endeavor Greece’s Managing Director Panagiotis Karampinis stated: “Endeavor was launched in Greece in 2012, in the midst of an economic crisis, with the aim to introduce a different way of thinking. The organization made a decisive contribution to the reforming of the business community as a whole and to the country’s economic growth. Today, Endeavor’s global network will be more catalytic than ever in the promotion of Greek entrepreneurship and the support of Greek entrepreneurs, by offering them a range of high-level services and by creating the right conditions for them to multiply their impact, thus creating value for all. ”
You can read the Impact Report here.