Antler raises over USD 300 million and expands investment focus to scale up to Series C

Antler, a Global venture capital firm, has announced on Wednesday, 13^th October that it has closed over USD 300 million to date, enabling it an opportunity to provide continued support to its companies in subsequent funding rounds. The primary focus of the VC will remain investing at the pre-seed stage, with the firm now also having the capacity to offer its portfolio companies follow-on capital as they grow and scale up to Series C.

Investors: Schroders, Vækstfonden, and Phoenix Group are the investors that contributed to the fund.

The Objectives behind the funding: The company plans to deploy the current proceeds to offer its portfolio companies follow-on capital, up to Series C funding round. The firm also intends to now invest in several startups from outside of its portfolio at seed and Series A stages. The company has put together a team to oversee on-going 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.

About Antler

Founded in Singapore in 2017 by a team of experienced entrepreneurs, investors and company builders, Antler is a global early-stage venture capital firm that invests in the defining technology companies of tomorrow. With offices across most major startup hubs globally, including London, Berlin, Stockholm, New York, Singapore and Sydney, Antler is passionate about supporting exceptional people to improve the world fundamentally. To date, Antler has invested in over 350 companies globally across 30 different industries since 2018. Of these companies, 40% have at least one female co-founder, and the founders represent 70 nationalities. The firm’s current portfolio of startups includes HomeBase, Reebelo, Marco Financial, Qashier,  Volopay, Pathzero,  Xanpool, PowerX, and Xailient. Antler has a global network of more than 600 expert advisors and a digital platform of resources, tools and supports its portfolio firms with introductions to international investors, hands-on assistance with new market entry, and the opportunity to access a global network of expert advisors.

What the Founder has to say:

Magnus Grimeland, CEO and Founder of Antler, said, “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."

What the Investors have to say:

Lieven Debruyne, Global Head of Distribution at Schroders, said, "As a longstanding partner and investor in Antler, we are delighted to continue our investment in Antler. It is a unique opportunity to gain exposure to a global growth portfolio of innovative technology companies and to ensure a steady stream of capital is being invested in companies that will define how we all live and work in the future."

Lars Nordal Jensen, Senior Director at Vækstfonden, said, “We are thrilled to continue our commitment to Antler. We have previously invested in Antler and have been delighted with the firm's overwhelmingly positive contribution to the technology ecosystem since their market entry. In Vaekstfonden, we want to help drive innovation and new technology, and therefore we are very pleased to see Antler continue its commitment to supporting innovative founders throughout their journey."

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