The tech startup scene in Europe has seen the emergence of an array of new investors in the past few years, many of whom are coming to support early-stage funding. However, due to the COVID-19 crisis and the lockdowns that have followed, venture capital investment is down across Europe.
Plan, partners, and more
In Germany, the investment is down 19% compared to the same period in 2019, but the pace is picking up, says the report. In a major push for both the German and the wider Central European startup ecosystem, Antler, an early-stage capital firm, has opened a new office in Berlin.
“Antler is a much-needed addition to the German ecosystem,” says Christian Miele, president of the German Startup Association, Partner at eVentures, and Advisor to Antler. “Antler will enable some of Germany’s most talented and experienced entrepreneurs to start new businesses and bring the necessary innovation to Germany.
According to Antler, the plan is to invest in more than 160 startups over the next four years across Central Europe. Notably, Antler Germany is now accepting applications for its inaugural cohort that’s starting from April 2021.