Walton Family Foundation Provides $2 Million Grant to Launch
Endeavor, a global organization that supports and accelerates high-impact entrepreneurs through connecting them with talent, capital, and a worldwide peer and mentor network, is announcing the launch of a new office in Northwest Arkansas, to aid growth and economic development in the region.
Launching with a $2 million grant from the Walton Family Foundation, Endeavor Northwest Arkansas (NWA) will leverage the strong engagement and backing from local business leaders to support the founders and companies in the region that have passed through the initial start-up phase and who demonstrate the potential for rapid expansion and scale.
Founded in 1997, Endeavor has helped 1,800 of these entrepreneurs build more than 1,100 companies in 34 markets throughout North America, Latin America, Asia, the Middle East, Europe, and Africa, which generated combined revenues of $15 billion in 2017. To date, companies led by Endeavor Entrepreneurs have created 1.5 million jobs in their local economies, and often go on to mentor and invest in the next generation of founders.
Endeavor sees enormous opportunity for its model to address some of the key challenges Northwest Arkansas – like many U.S. regions – faces, such as the exodus of highly educated individuals to cities with larger entrepreneurial support systems. Endeavor NWA will focus on selecting high-impact entrepreneurs and businesses from multiple sectors that have the potential to scale significantly and reinvest back into the country by mentoring and providing financial support for successive generations of entrepreneurs. The office will concentrate on providing these entrepreneurs with access to capital, talent and a worldwide network mentor and peer connections.
Endeavor NWA is anchored by a strong founding Board of Directors, chaired by Elise Mitchell, Founder and Chairman of Mitchell Communications. The Board also includes Carl George, Co-CEO/President of George’s Inc.; Ashley Hubka, Senior Vice President of Corporate Strategy and Corporate Development at Walmart; Todd Simmons, CEO of Simmons Foods; and Clete Brewer, Managing Partner at New Road Capital Partners.
Endeavor announced its Northwest Arkansas office will be led by Canem Arkan. Canem was formerly a managing director at Axonic Capital, and prior to that spent the majority of her career at Goldman Sachs.