Techmoran

Antler, a startup generator raises $50M global for expansion


Antler, a global startup generator and early-stage venture capital firm, has raised $50 million to expand its existing portfolio and launch further Antler programmes in 2020.

The fund has operations in Amsterdam, London, New York, Stockholm, Sydney, Nairobi, Oslo and Singapore.

According to Facebook co-founder Eduardo Saverin: “We need more smart people to start companies that focus on solving the world’s biggest problems. Antler is giving phenomenal individuals the chance to make this happen, at an impressive scale.”

Founded by Magnus Grimeland (ex-Zalora), in 2017 in Singapore, Antle runs programmes in eight global locations, will soon launch in Jarkata and 5 new locations in 2020. 

According to Magnus Grimeland, CEO and founder of Antler: “The world is full of brilliant and determined people who have the potential to build world-changing business, but haven’t yet taken the leap into entrepreneurship. We are laser-focused on helping great people create groundbreaking businesses. Raising funds across seven geographies means that we can spread our impact across the world.

Since its launch in Singapore in 2018, Antler has invested in over 120 companies – many of which have already announced further funding from leading VCs such as Sequoia and Golden Gate Ventures. Airalo and Cognicept have both raised investment from Sequoia; Sampingan from Golden Gate Ventures; and Base from East Ventures.

Antler has invested in over 120 companies since its launch in Singapore. The fund invests into exceptional people, regardless of their background and nationality, work on addressing large global opportunities and challenges. It also helps individuals find the right co-founder among 80-100 other carefully selected people selected to the programme.

Mori Kosuke from Credit Saison said: “Through Antler we can be a long-term growth partner for some of the world’s most exciting start-ups, supporting their internationalisation and scaling up. We are taking these start-ups to the next level, from seed to Series A, B, and beyond.”


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