Endeavor Miami’s EndeavorLAB empowers Florida-based underrepresented founders to scale their businesses.
Florida – March 8th, 2023 – Endeavor Miami has announced the 10 participants selected for its upcoming EndeavorLAB cohort for Latinx Founders, powered by VensureHR. EndeavorLAB is a cohort-based initiative designed to support underrepresented founders in Florida in building a foundation for scale. The cohort for Latinx Founders is EndeavorLAB’s 9th edition since first launching in July 2020, when the City of Miami sponsored the debut cohort with a focus on women founders. The initiative leverages Endeavor’s over 20 years of knowledge and best-in-class services and tools used to support entrepreneurs around the world, and is eligible for Florida-based companies who have found product-market-fit and are generating between $50K and $500K in annual revenues.
The 10 businesses selected for this cohort embody the entrepreneurial spirit and grit of Latinx founders. Nearly all the companies were founded within the last four years, and operate in verticals such as Enterprise SaaS, Fintech, Smart Cities and Healthcare; a significant 40% are in the Edtech space. Over 70% of the cohort has more than 5 team members and in total, the 10 companies employ today a total of 92 individuals. The businesses are led by eight serial entrepreneurs and two first-time founders, amongst whom two are previous Techstars participants and another took part in Y Combinator. What’s more, the founders have raised in total over $6M in funding to date, from which over half have raised venture capital. With a projected collective revenue of nearly $12M in 2023 and a minimum growth rate of 100% YoY, this collective of home-grown businesses is poised to make a significant impact in the Florida startup scene and beyond.
“EndeavorLAB’s Latinx Founders Cohort is an incredible opportunity for Latinx entrepreneurs in Florida to gain support and access to tools and resources they need to grow their businesses,” says Claudia Duran, Managing Director of Endeavor Miami. “We’re proud to partner with VensureHR to make this cohort a reality, and we’re excited to see the impact that the founders of these ten companies will make in their industries.”
The cohort for Latinx Founders presents an opportunity for Latinx entrepreneurs to access Endeavor Miami’s world-class resources and support network. This initiative provides a practical and tactical methodology for scaling businesses, the chance to become pitch ready, and access to a vibrant community of high-quality entrepreneurs. Through participation in this cohort, founders will receive expert guidance, one-on-one mentorship, and knowledge on scaling up, enabling them to take their businesses to the next level. Additionally, the cohort provides an opportunity for entrepreneurs to connect and collaborate with other high-potential startups, establish relationships, and create synergies that can drive future growth.
Founders selected for the cohort will take part in preparatory activities in the upcoming weeks to acquaint them with the Endeavor model and to enable an environment of authentic exchanges and learning. Founders will then undergo five weeks of group modules and individual mentorship sessions focused on gearing up for scale. The initiative culminates with a pitch to the Endeavor community for feedback, as well as exposure and opportunities for growth through Endeavor’s multiplier effect.
“VensureHR is extremely excited to be partnering with EndeavorLAB for their LatinX cohort. Vensure is passionate about supporting underserved business communities, which is why we officially launched our Latin American Affairs program in November 2022. Latinos are 1.7x more likely to start a business than any other racial group in the United States, yet they receive less than 1% of funds from today’s top VC and PE investors. Vensure believes partnering with Endeavor Miami can help bridge that gap by creating a diverse ecosystem of & for Latin business owners across Florida, and by connecting them to life changing resources such as our HR technology and team of HR experts,” shared Alexandra Blaco, Sales Enablement & Engagement Specialist at VensureHR.
Here is a full list of the EndeavorLAB Cohort for Latinx Founders powered by VensureHR:
Aument helps e-commerce brands power their marketing messages.
Entrepreneur: Emilio Di Marco, Founder & CEO.
Bonum is a digital executive coaching platform that is democratizing coaching in Latin America. Bonum connects coaches from their network with employees from companies at all levels of the organization in order to help them improve their skills at affordable rates. The company offers a model for leadership development that is typically known only to those at the top of the pyramid to everyone in the organization.
Entrepreneurs: Daniel Bittner, Co-Founder & CEO and Jose Hernandez, Co-Founder & Chief Coaching Officer.
EducUp is a gamified e-learning platform with 1M+ students where educators create engaging and gamified courses in English, Math, Personal Finance, and much more.
Entrepreneurs: Carlos Raul Garcia, Co-Founder & CEO, Yusnier Viera, Co-Founder & VP of Education, and Yamel Barroso, Co-Founder & VP of Business.
illow helps SMEs to automate their privacy operations. illow makes these businesses’ websites privacy compliant and automates the deletion of data once their users request it.
Entrepreneurs: Rodrigo Irarrazaval, Co-Founder & CEO, and Daniel Fernandez, Co-Founder & CTO.
Lazarillo is a mapping platform and mobile app that improves customer experience for company clients with & without disabilities.
Entrepreneurs: Rene Espinoza, Co-Founder & CEO, Jonathan Taivo, Co-Founder & COO, and Jorge Ampuero, CoFounder & CTO.
O-lab is the all-in-one platform that offers personalized and interactive learning experiences, engaging communities and the ability to unlock the potential of individuals. With O-lab’s intuitive web and mobile app, customizable animated content, and daily practical learning approach, the company sets a new standard for online training solutions for all types of users and training needs.
Entrepreneurs: Tania Rosas, Co-founder & CEO, Daner Aguilar, Co-founder & CTO, and Jesus Rojas, Co-founder & CPO.
Pana is a Digital Bank for the 62M Hispanic-Latinos living in the USA. Opening a bank account with Pana is 10x easier, as customers just need a passport, and they can send remittances with zero fees instead of paying the standard 7%.
Entrepreneurs: Piero Nunez del Risco, Co-Founder & CEO and Luis Miguel Pena, Co-Founder & CTO
RookMotion is an API-first company that connects apps and software with useful, usable health data and valuable insights from their users’ wearables.
Entrepreneurs: Marco Benitez, Co-Founder & CEO, Jonas Ducker, Co-Founder & COO, Daniel Martinez, Co-Founder & CTO, Pepe Esquivel, Co-Founder & QA, and Oscar Garcia, Co-Founder & CFO.
Wisecut leverages generative AI and speech recognition to automatically edit videos, transforming hours of footage into captivating clips. Wisecut’s cutting-edge technology empowers content creators to share engaging videos with automatic editing decisions, such as removing pauses, creating subtitle translations, adding background music, auto reframing, and more. Wisecut is dedicated to providing clients with the best video editing solutions available, allowing them to focus on what they do best – creating exceptional content.
Entrepreneurs: Ivo Machado, Co-Founder & CEO and Vicente Machado, Co-Founder & CTO.
YTeach is a peer-to-peer tutoring and scheduling app that taps into the power of connection by working together with schools to bridge students and peer tutors who can provide academic support in exchange for community service hours. It’s like Uber for tutors.
Entrepreneurs: Lourdes Aviñó, Co-Founder & CEO, and Matias Aviñó, Co-Founder.
A scholarship will be provided by VensureHR on behalf of each company to cover participation costs. Later this year, Endeavor will run EndeavorLAB cohorts for Women and Black founders, with sponsors who are yet to be announced.
About Endeavor Miami:
Endeavor’s Miami affiliate was established in 2013, with the support of the John S. and James L. Knight Foundation as the first U.S. affiliate of the global Endeavor organization. Miami’s Endeavor Entrepreneurs generated over $800M in revenues and employed over 5,000 individuals in 2022. With the addition of its newest companies, the affiliate currently supports 25 companies and 41 entrepreneurs, such as Momentus Surgical, NovoPayment, and Tissini. Learn more about Endeavor Miami at https://endeavormiami.org/.