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Endeavor Miami selected 10 founding teams from underrepresented backgrounds to join its upcoming EndeavorLab for Latinx Founders.
The program is designed to help early-stage entrepreneurs build a foundation for scale and help them grow their ventures. Eligible companies must be based in Florida, have product market fit and generate between $50,000 and $500,000 in annual revenue.
The cohort is "is an incredible opportunity for Latinx entrepreneurs in Florida to gain support and access to tools and resources they need to grow their businesses," said Claudia Duran, managing director of Endeavor Miami.
Employee benefits firm VensureHR will provide scholarships to cover participation costs for the selected founders. Participants will undergo five weeks of group modules and individual mentorship sessions designed to help them scale their startups. The program will culminate in a pitch to Endeavor's network of entrepreneurs for feedback and exposure.
Latino founders currently receive less than 2% of all venture capital and private equity funding, despite being 1.7 times more likely to start a business than other demographic groups.
"Vensure believes partnering with Endeavor Miami can help bridge that gap by creating a diverse ecosystem of and for Latin business owners across Florida," said VensureHR Sales Enablement and Engagement Specialist Alexandra Blaco.
Endeavor Miami is the first U.S. affiliate of Endeavor, a global nonprofit that has advised over 1,000 businesses in 37 markets across the world. Endeavor Miami's entrepreneurs have gone on to collectively employ more than 5,000 people and generate $800 million in annual revenue, the organization reports.
The founders chosen for the EndeavorLab for Latinx Founders are:
- Aument founder and CEO Emilio Di Marco. The company helps e-commerce brands power their marketing messages.
- Bonum Coaching co-founders Daniel Bittner and Jose Hernandez. Bonum is a digital executive coaching platform that operates in Latin America.
- EducUp co-founders Carlos Raul Garcia, Yusnier Viera and Yamel Barroso. The startup is an e-learning platform where educators can create gamified courses in English, math, personal finance and more.
- Illow co-founders Rodrigo Irarrazaval and Daniel Fernandez. The startup helps small to medium sized enterprises automate privacy operations.
- Lazarillo co-founders Rene Espinoza, Jonathan Taivo and Jorge Ampuero. The company operates a mapping platform and mobile app that improves customer experience for people with and without disabilities.
- O-lab co-founders Tania Rosas, Daner Aguilar and Jesus Rojas. The edtech offers personalized and interactive learning experiences for professionals.
- Pana co-founders Piero Nunez del Risco and Luis Miguel Pena. Pana is a digital bank for people from Hispanic and Latino backgrounds. It enables people to send remittances with zero fees.
- RookMotion co-founders Marco Benitez, Jonas Ducker, Daniel Martinez, Pepe Esquivel and Oscar Garcia. The startup is an API venture that connects apps with health data and insights from users' wearable devices.
- Wisecut co-founders Ivo Machado and Vicente Machado. The company uses artificial intelligence to automatically edit videos, giving users the ability to remove pauses, add background music, create subtitle translations and more.
- YTeach co-founders Lourdes Aviñó and Matias Aviñó. The peer-to-peer tutoring and scheduling app helps schools connect peer tutors with students who need academic assistance in exchange for community service hours.
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