Uplifting Entrepreneurs.

2 0 2 1 ENDEAVORPRIMPACT.ORG

3-YEAR IMPACT REPORT

Dreaming Big.Scaling Up.Paying It Forward.

Founded in 1997, Endeavor unlocks the transformational

power of entrepreneurship by selecting, supporting,

and investing in the world’s top founders of tech-

enabled startups to help them achieve large-scale

impact. Today, Endeavor’s network spans nearly 40

markets and supports more than 2,100 high impact

entrepreneurs, whose companies generated, in 2020,

combined revenues of over $28 billion, reported more

than 3.9 million jobs, and raised over $4 billion in capital.

OUR MISSION:

In addition, Endeavor Catalyst, a rules-based, co-

investment fund that only invests in the companies of

Endeavor Entrepreneurs has $250 million in Assets Under

Management (AUM) across three funds and has made

180+ investments in 30+ markets to date, counting with 26

unicorns in its portfolio. Endeavor’s unique entrepreneur-

first model, peer-to-peer community, and trust-based

network provides a platform for founders to dream big,

scale up, and pay it forward to the next generation.

ENDEAVOR GLOBAL

Years Of Operation

Entrepreneurs Leading 1,300+ Companies

Markets

Jobs Created By Endeavor Companies

Employees

Assets Under Management With Endeavor Catalyst

20+

2,100+ 3.9M+ 250M

40

Revenues Generated By Endeavor Companies

Annually

28.7B+

In Capital Raised By Endeavor Entrepreneurs

In 2020

4B+

500+

ENDEAVOR GLOBAL

OUR IMPACT

Connecting entrepreneurs with experienced founders and executives to help confront their biggest challenges.

Helping entrepreneurs efficiently assess and expand to new geographies through our global network.

Supporting founders raising growth capital by providing hands-onpitch counseling, warm investor introductions to its investor network and direct investment through its Endeavor Catalyst Fund.

Facilitating custom executive education at Harvard and Stanford and partnerships with leading consulting firms Bain & Company and EY, to help founders become more effective leaders and execute strategic projects.

ACCESS TO MENTORS:

ACCESS TOMARKETS:

ACCESS TO CAPITAL:

ACCESS TO TALENT:

OUR MODEL

OUR SERVICES

Endeavor Entrepreneurs by searching the globe, identifying founders with the greatest growth potential, and inviting them to participate in our proprietary international selection process.

WE SELECT:

Endeavor Entrepreneurs with our expansive global network, unrivaled peer-to-peer community, and demand-driven services.

WE SUPPORT:

Endeavor Entrepreneurs as aspirational role models and provide avenues for them to mentor and inspire others to reimagine what is possible.

WE ELEVATE:

in Endeavor Entrepreneurs through ourrules-based fund, Endeavor Catalyst.

WE INVEST:

the conversation around global entrepreneurship and innovation by producing original content with Endeavor’s unique insights and data set.

WE ADVANCE:

MODEL

At Endeavor Puerto Rico, we believe that high impact entrepreneurs are key in making up the fabric of what Puerto Rico will become.

/////////

José Stella,CHAIRMAN OF THE BOARD

Undoubtedly, Puerto Rico has been at the epicenter of great

challenges and changes that have highlighted the importance of

a solid, structured entrepreneurship ecosystem that provides real

international growth opportunities to those who decide to become

entrepreneurs. Three years after launching Endeavor in Puerto Rico,

with a model proven for more than 20 years in over 30 markets,

we have managed to integrate more than 20 entrepreneurs into

a global movement of connections and knowledge that will allow

them to scale their businesses to the next level.

But, above all, we are confident that the work we have been doing

is also crucial so that they can leave an important mark in Puerto

Rico in terms of economic indicators: generate new investment,

create jobs, develop innovative products and services, move

capital for investments, thus setting the standard for an economy

of the future. We are ready to continue growing our community,

creating alliances and opening paths for these high impact

entrepreneurs and to help Puerto Rico return to a role of leadership

in the Caribbean region and in the world.

A letter from our Chairman of the Board

OUR PURPOSE: TO CONNECT & SCALE

Since 2018, Endeavor has been building an ecosystem in Puerto Rico with the purpose of connecting and scaling entrepreneurs rooted in the island and the diaspora aiming to maximize the impact they have

locally and beyond our shores.

HIGHIMPACT

The 25 High Impact Entrepreneurs that have gone through the selection

process, out of a pool of more that 90 screened companies in the past 3 years,

are founders with the biggest ideas and the greatest potential to achieve

meaningful scale and the ability to inspire mentors and reinvest in the next

generation. Through their ventures, they touch the key economic development

indicators that are crucial for the recovery of Puerto Rico. Here is a glimpse of

our community’s impact & achievement — and we are just getting started.

A GLIMPSE INTO OURTHREE YEAR JOURNEY

CONNECTING ENTREPRENEURS THROUGH HIGH-IMPACT MOMENTS.

5ENDEAVOR

ENTREPRENEURS

6VERTICALS

REPRESENTED

14COMPANIES THROUGH

SELECTION

6OPERATING

REGIONS

2,200+COMBINED JOBS

CREATED

$408M+COMBINED REVENUES

REPORTED

THRIVING HIGH IMPACT ENTREPRENEURS THROUGH OUR SELECTION PROCESS

PR 3-YEARIMPACT

25FOUNDERS

Our 14 pipeline companies gain new skills while building a global network to leverage

opportunities for growth

168MENTORS

Our high quality network includes 60 local and over 100 international mentors ranging

from Thailand to Colombia and beyond

* Data until July 30th, 2021. Represents combined data from 25 active candidates besides the five formal Endeavor Entrepreneurs

69

4

53

241

One of our main goals is to see our Endeavor Entrepreneurs and their companies grow, that’s why we take pride in our network and the caliber of relationships we’re able to make happen. This includes 30 commercial introductions, 23 market entry meetings and more than 16 investment related connections of which 2 resulted in an investment.

We’re always seeking to add value to our Endeavor Entrepreneurs and their teams, these professional development programs -curated for Endeavor Entrepreneurs only- have been hosted by some of the most prominent business schools in the world such as Harvard and Stanford.

When we say global, we mean it. Our community has participated in over 50 events including regional events like MatchVCs with Latin American investors and ScaleUp Summits with the US offices, as well as cross-border Endeavor Entrepreneur meet-ups and multi-market corporate partnership events with multinationals such as Microsoft and SAP.

Over 100 top-notch international mentors have been major contributors in creating moments of impact for our entrepreneurs by dedicating their time and expertise in areas such as raising capital, market entry, organizational structure, leadership and more.

INTRODUCTIONS

PROFESSIONAL DEVELOPMENT PROGRAMS

EVENTS

MENTORINGHOURS

Pioneering a Vision to Embrace Entrepreneurship

Jason Borschow founded Abarca, a pharmacy benefit management and

technology company, to improve how people receive their prescription

medications with the goal of making healthcare awesome. The company has

a powerfully positive corporate culture that, among other values, encourages

employees to go all-in and find a better way to deliver clients and consumers

with a superior experience, lower costs, and better health. This vision led

Jason to become Puerto Rico’s first Endeavor Entrepreneur in 2018. Since

Jason joined Endeavor, the company has continued to make its mark on the US

healthcare industry with its advanced technology platform, innovative clinical

solutions, and transparent, straightforward approach to business.

Mentoring and coaching through Endeavor helped Jason become a better

leader and, in turn, was instrumental in Abarca’s success. For example, as

the company has attracted new clients and partners, Abarca has quickly

and smoothly scaled its operations, technology, and workforce to meet

increasing demand. The company has also entered innovative contracts with

pharmaceutical companies; developed new clinical programs; launched Puerto

Rico’s first app-based Rx home delivery service during COVID; and engaged

the team in a dialogue on equity and inclusion. And Abarca isn’t slowing

down. The company recently invested $10 million to build a new corporate

headquarters, including the purchase of a 12-story building in the heart of San

Juan. The campus will feature outdoor areas, collaborative workspaces, and

partnerships with other local businesses, and continue to foster a team that

works together like family — just in time to celebrate Abarca’s 15th anniversary.

JASON BORSCHOW, PRESIDENT & CEO OF ABARCA HEALTH

PROFILES

Meet our Endeavor Entrepreneurs.

Abarca Health

President & CEO

JASON BORSCHOW

Andiago

CTO & Co-Founder

LEANDRO DE ARMAS

Connect Assistance

CFO & Co-Founder

CARLOS NIEVES

Connect Assistance

CEO & Co-Founder

ANTONIO ORTÍZ

Trip Ventures

CEO & Founder

CARLOS GARCÍA

Jason accepted to start

the process of becoming

an Endeavor Entrepreneur.

Abarca Health was currently

at 235 jobs generated.

NOV 2018Becomes an Endeavor

Entrepreneur at the 85th

International Selection

Panel in San Francisco.

FEB 2019

Abarca Health and Triple S,

one of Puerto Rico’s biggest

insurance companies,

launched Puerto Rico’s first

home delivery pharmacy

program during the Global

Pandemic.

APRIL 2020

Becomes a Board Member

of Endeavor Puerto Rico.

SEPT 2020Abarca Health announces a

$10M investment to create

the first open urban campus

in Puerto Rico by hiring an

Endeavor Mentor company

as the principal designers

and architects.

MARCH 17, 2021

Partakes in the Endeavor

Scaling Entrepreneurial

Venture conducted by

Harvard Business School.

AUG 2019Participates as a speaker

in the first ever Endeavor

Regional Retreat held

in Puerto Rico with 30+

business leaders / Endeavor

Entrepreneurs from Latin

America.

OCT 2019

Endeavor Catalyst

Fund III investor.

MAY 2020Becomes an Endeavor

Outlier: top 100 fastest

growing companies.

MARCH 2021Abarca Health reaches 500

employee milestone.

JUNE 2021

/////////Jason Borschow’s Journey as an Endeavor Entrepreneur

2018

2021

2019

2020

PROFILES

Innovation That Conquers New HorizonsANTONIO ORTÍZ, CO-FOUNDER & CEOCARLOS NIEVES, CO-FOUNDER & CFOCONNECT ASSISTANCE

Building Value Through EntrepreneurshipCARLOS GARCÍA, FOUNDER & CEOTRIP VENTURES

Selected as an Endeavor Entrepreneur:July 2019 in Tokyo, Japan Selected as Endeavor Entrepreneurs: October 2020 in Virtual ISP

Carlos Garcia is an entrepreneur with a track record of building successful and innovative companies at the intersection of technology and travel. His latest and most ambitious endeavor, Trip Ventures, is building and funding the new layer of tech for the travel and hospitality industry in the post-COVID era. Under his leadership, the venture studio is building innovative companies like Andiago which teamed up with the Forbes Travel Guide to recommend and book restaurants in 62 countries. Andiago’s AI analyzes every restaurant to help consumers decide where to go. Carlos founded HYP3R in 2015 which quickly became a leader in location-based marketing for the travel industry. Fast Company named HYP3R one of the World’s Most Innovative Companies two years in a row. HYP3R is now positioned to help the travel and hospitality industry rise again through its innovative traveler acquisition platform. In his early years as an entrepreneur, Carlos founded Nobox, a social marketing agency acquired in 2015, and Scrapblog, an online scrapbooking service acquired in 2011. Carlos holds two issued patents on location resolution of social media activity and ranking places based on geo-spatial activity.

Some people have a talent for making money but only a few are capable of creating value. At it’s best, entrepreneurship is about seizing the opportunity to create lasting value that can transform entire industries and improve lives.

Connect Assistance was founded in 2011 by longtime friends and Wharton Business School graduates Antonio Ortíz and Carlos Nieves, who sought to capitalize on a personal subpar experience in the roadside and home assistance services segments by creating a differentiated and customer-centric solution. Through accessible service plans, Connect offers roadside assistance for cars and motorcycles, focusing on speed, agility, safety, and personalized service. With its home assistance offering, Connect becomes that ally that helps solve all the unexpected situations that arise every day. By means of Helios, an advanced and patented technology platform, and with an efficient operation, Connect can dispatch about 350 services per agent compared to the average of 150 in traditional call centers, resulting in over 1.1MM active users and over 33,000 monthly services through their operations in Costa Rica, Panamá, Colombia and, of course, Puerto Rico. Going forward, Antonio and Carlos share a vision to continue growing by expanding their services, conquering new markets, and multiplying how they impact their respective economies.

— Antonio Ortiz

Endeavor is composed of a group of people of the highest caliber, from all over the world, who are there to listen to you, to ask you questions, to understand your business, understand your vision, understand the dream, and help you empower it.

Over 320,000 active users since 2017

with the acquisition of Auxilio Vial

Over 130,000 active users since 2018

with the acquisition of Coinca

Over 344,000 active users since

2021 with the acquisition of A365

Over 380,000 active users since its

foundation in 2011

Puerto Rico Panamá Costa Rica Colombia

Acquired in 2011

YC 2015, In Progress In Progress In Progress In Progress

Acquired in 2015 Personal Fund In Progress In ProgressIn ProgressScrapblog

Makrwatch Luveat Channel AI Musicasa

Nobox Wynwood Ventures Hyp3r Trip VenturesAndiago

Companies Founded by Carlos Garcia

Featured Tech Investments

Key:

Jason Borschow, President & CEO of Abarca Health and Endeavor

Puerto Rico’s first-ever selected Endeavor Entrepreneur and

now board member, was invited to attend a week-long Scaling

Entrepreneurial Ventures program at Harvard Business School in

the Spring of 2019. To be eligible, attendees have to possess a full

understanding of Endeavor’s model and be able to demonstrate an

inflection point in their career, and cleverly describe their desire

to participate in the program, which is exclusively designed for

Endeavor Entrepreneurs and their C-Suite teams. Harvard Business

School faculty members led interactive workshops centered

around four themes: strategy, sales & marketing, leadership and

finance, all keen to successfully scale up businesses. As an added

value that makes evident Endeavor’s impact on the company, its

Chief Operating Officer, Adriana Ramírez, also joined the program.

Attending Harvard’s Leadership Education Program, Exclusive to Endeavor Entrepreneurs

ABARCA HEALTH

Endeavor Latam’s Regional Retreat was held for the first time in Puerto Rico in October of 2019, hosting over 120 attendees, including 50 Endeavor Entrepreneurs from the Americas and Spain. Across five venues around the San Juan metro area, Endeavor Entrepreneurs gathered for a 3-day fun-filled agenda where they connected with top business leaders, entrepreneurs, and mentors from the Endeavor Network, and learned from an exclusive group of world-class speakers from a range of backgrounds. The event included speakers such as Javier Villamizar, Partner at SoftBank; Sergio Furio, Founder & CEO of Creditas; Morgan Schuessler, President & CEO of Evertec; Silvina Moschini, Founder & CEO of SheWorks; Andrés Moreno, Founder & CEO of Open Education; and our own Endeavor Entrepreneur, Jason Borschow, President & CEO of Abarca Health, among other influential voices from the Americas’ entrepreneurial ecosystem.

ENDEAVOR LATAM

Endeavor PR Hosts 1stRegional Retreat

SPOTLIGHTSTORIES

Wovenware is an AI and software development technology consulting firm that follows a human-centric approach to engineering innovative customized solutions for organizations undergoing digital and business transformations. Its Co-Founders, Christian González and Carlos Meléndez, got a pass at a Virtual Regional Selection Panel held in June of 2020 in collaboration with other US offices. In order to support their journey towards the final step of the Selection Process, Endeavor Puerto Rico launched the program ‘Road to an ISP,’ a six to nine month coordinated mentorship plan with the collaboration of a strategic mentor. In this case, Bertil Chappuis, Partner at McKinsey Palo Alto accepted to lead these efforts framing a holistic analysis of Wovenware’s business and scaling opportunities to be addressed at monthly sessions focused on topics such as: TAM opportunities, go-to market playbook and strategies, organizational structures and capital scenarios, as well as the Co-Founders’ individual entrepreneurial needs as leaders of Wovenware.

Road to an International Selection Panel

WOVENWARE Antonio Ortiz and Carlos Nieves, co-founders of Connect Assistance,

accepted to undergo Endeavor’s selection process in early 2020

despite the unprecedented pandemic reality we were all facing and

the challenges they were dealing with as founders. Their selection

process was fully virtual, distinguished by interactions with many

international mentors such as Sergio Furio, Founder of Creditas

and Gonzalo Begazo, Co-Founder of Chatzki (both distinguished

Endeavor Entrepreneurs from Brazil and Perú respectively) and top-

level market entry connections in both Chile and Argentina. With

a partnership with Endeavor Perú to co-host a Regional Selection

Panel with experts from LatAm, Antonio and Carlos were unanimously

selected by a group of world class mentors to continue their selection

journey to an International Selection Panel. This last step of our

rigorous methodology was held in October 2020 and was moderated

by Endeavor’s Co-Founder & CEO, Linda Rottenberg. The selection

panel was composed by a number of successful global entrepreneurs

including Founder & Chairman of Viva Real - Brian Requarth from Brazil,

Head of Google for Startups US - Jewel Burks Solomon & renown

author and Partner at Bain & Company’s - Chris Zook, amongst others.

This successful journey resulted in Antonio and Carlos being welcomed

as Endeavor Entrepreneurs from Puerto Rico, ready to conquer LatAm.

CONNECT ASSISTANCE

Successful Journey Through A Virtual Selection Process During a Pandemic

SPOTLIGHTSTORIES

Founder & Co-CEO, QMC Telecom

Chairman of the Board

JOSÉ STELLA

Tuck Business School

Board Member

LISANNE DORION

President & CEO, Evertec

Board Member

MAC SCHUESSLER

Partner, Valor Equity Partners

Board Member

JUANSABATER

President & CEO,Abarca Health

Board Member

JASON BORSCHOW

President & CEO, Popular, Inc.

Board Member

IGNACIO ÁLVAREZ

Endeavor PR

ESG & Marketing Associate

VERÓNICA LLAMA

Co-COO, StepStone Group

Board Member

JOSÉ FERNÁNDEZ

Endeavor PR

Managing Director

ERIKA MEDINA-VECCHINI

Endeavor PR

ESG & Operations Manager

BELISA BERMÚDEZ

Meet our Board & Team

/////////Our impact goes beyond our shores.

LOOKING AHEAD

As we look back and review our first three years in operation, we can’t help but

feel encouraged to continue moving forward, by strengthening our movement

to help more entrepreneurs innovate, grow and create a mark on the global

stage. From accolades, to new appointments of Endeavor Entrepreneurs in

prestigious organizations, to an impressive $1M raised from local investors to

Endeavor Catalyst fund, the team is just getting started in boosting that long

list of accomplishments with cross-border outcomes such as:

Semillero Partners co-founder and Endeavor Puerto Rico mentor, Gualberto Rodríguez is now part of the HJI Supply Chain Solutions advisory board, a leading logistics service provider in Louisville, KY, demonstrating that Endeavor also helps expand the influence of its stakeholders through the entire network.

With the intention of positioning Puerto Rico as a thriving hub for raising capital, Endeavor PR has fostered over 8 Latam company introductions between entrepreneurs from other markets and PR investors. These resulted in Puerto Rican fund , Semillero Partners investing in Latin America’s largest cloud-restaurant company from Colombia, Robin Food.

The Endeavor Puerto Rico team served as partner in the Rise of the Rest Tour in 2019, thanks to the relationship built by Endeavor with Steve Case, the AOL Co-Founder, and Founder of the Revolution Fund.

Rise of the Rest was also the vehicle for two Endeavor candidates, Lauren Cascio and Dolmarie Méndez, Co-Founders of Abartys Health, to obtain a $100K investment from the Revolution Fund, as winners of their pitch

competition in Puerto Rico.

We invite you to stay connected with us, donate and help Endeavor Puerto

Rico boost our mission to generate an impact that is felt beyond our borders.

Our mission is fulfilled thanks to ourcurrent and former supporters.

/////////

Erika Medina-Vecchini,FOUNDING MANAGING DIRECTOR

A letter from our Founding Managing Director

There is no better time for entrepreneurship than now. These are

times of collaboration and bonding to promote Endeavor as a trusted

community, a safe space where entrepreneurs can connect, learn

and be inspired to think big. But, above all, to feel free to develop

business ideas to generate an impact that can be felt beyond the

shores of our island. It is about capitalizing on the possibility of

being part of a global team, a diverse international family made up

of over 2,100 innovative minds, people who challenge limits, with

a presence in 40 markets and who also understand the value and

magic of that union and collaboration to reach new horizons.

As the leader of this organization in Puerto Rico, I am honored to

be part of a dedicated and committed group of professionals, a

first-class team, who in conjunction with all our collaborators and

entrepreneurs have accepted the challenge of thinking big, not only

for their respective projects, but for Puerto Rico. A special thanks to

our entire Board of Directors and its president, José Stella, for the

countless hours they have dedicated to making Endeavor Puerto

Rico a model of collaboration that should be emulated.

“Endeavor always pushes us to have a greater impact, to think outside the box, and to not be limited by what we know or who we are today.”

Jason Borschow—President & CEO of Abarca Health

www.endeavorpr.org

Donate Today

infopr@endeavor.org