Endeavor has a long history of successfully bringing start-ups from emerging and growth economies together with interested investors. Through its wide global network, Endeavor companies have raised over $532m of equity capital and can claim to have contributed to the creation of over 400,000 high-quality jobs in emerging economies.
This strategic partnership covers a broad field of activities:
- AXA will directly sponsor selected networking events hosted by Endeavor
- AXA will be introduced to scale-up businesses by Endeavor
- Through the AXA Hearts in Action program, the group's executives will volunteer to mentor entrepreneurs from emerging economies.
I am very pleased that AXA will be Endeavor's exclusive partner in the insurance sector, especially since I think our respective missions are highly complementary. AXA exists to protect people against risks and has a responsibility to help build a safer and stronger global society. Endeavor's mission is to lead high-impact entrepreneurship in emerging and growth economies which protects people from unemployment and directly helps build economies. This partnership will enable both organizations to help each other to achieve these objectives.
I feel this is the start of something special. AXA's multi-year commitment across different departments to Endeavor will help us achieve our goals together more efficiently. I am very much looking forward to welcoming AXA to the Endeavor network and to bringing the benefits of this partnership with a large global financial services company like AXA to our network members.
This global tie-up follows the partnership set up with IFC-World Bank to boost the insurance sector's ability to expand its repair, protection and prevention roles in the emerging world (mainly in Asia, Africa and Latin America).