Antler, the global early-stage VC, has announced that it has raised over $300M (approx €260M) from various investors including Schroders, Vækstfonden, Phoenix Group, and others.
The primary focus of the firm will remain investing at the pre-seed stage, but Antler also intends to provide continued support investing up to Series C.
Magnus Grimeland, CEO and founder of Antler, says, “We continue to provide support for our founders from the earliest stages and are thrilled to be able to continue investing in them as they grow. We look forward to backing even more entrepreneurs that are redefining industries in the future.”
Expanding investment focus
The company intends to invest in several companies from outside of its portfolio at Seed and Series A stages. The firm is now developing and expanding its senior team and global presence.
So far, Antler has recruited new partners like Naman Budhdeo, Erik Jonsson, Jiho Kang, and Subir Lohani to lead its new Canada, Vietnam, Korea, and Indonesia teams, respectively.
Antler has also put together a team to oversee ongoing investments, led by Martell Hardenberg (co-founder of Lazada), Teddy Himler (formerly of SoftBank), Stefan Jung (Chief Investment Officer at Antler, and previously MD at Rocket Internet Southeast Asia), and Navi Singh (a researcher at MIT’s Department of Mechanical Engineering).
Antler: What you need to know
Founded in Singapore in 2017, Antler is a global early-stage venture capital firm that builds and invests in the ‘defining technology companies of tomorrow.’
The firm has offices globally across most major entrepreneurial hubs such as London, Berlin, Bangalore, Stockholm, Oslo, New York, Singapore, and Sydney.
Antler has invested in over 350 companies globally across 30 different industries since 2018. Of these companies, 40 per cent have at least one female co-founder and 70 nationalities have been represented.
The firm has a global network of over 600 expert advisors, and an online platform of resources and tools to support its portfolio companies.
Antler’s current portfolio of startups includes HomeBase, Reebelo, Qashier, Volopay, Pathzero, Marco Financial, Xanpool, PowerX, and Xailient.
