Singapore-based Antler, a global venture capital firm investing in the leading technology companies with exceptional potential, raised USD 28.2 million (21.4 million Pounds) on 9th December.
Investors: Several investors and advisors participated in the round, including Eduardo Saverin’s Light VC and the founders of Quantum Black, Monzo, and Comply Advantage. Also participating were senior teams from unbound, Babylon Health, Octopus Ventures, Collective Ventures, Blackrock, JP Morgan, PJT, Arctic Securities, and McKinsey.
Purpose of funding: Using these funds, the firm plans to invest in at least 70 companies from its first fund that focuses primarily on the technology sector. From seed to Series C, the funds will be invested in companies. The funding will proceed through the London Cohort, which will launch in February 2022.
About Antler
Founded in 2017 by Dilan Mizrakli Landgraff, Fridtjof Berge, Jussi Salovaara, Magnus Grimeland, Stefan Jung, and Vegard Medbo, Antler is located in Central Business District, Singapore. As part of its mission, the firm supports and invests in the world’s most exceptional people building tomorrow’s most influential companies. It has offices in London, Berlin, Stockholm, New York, Singapore, and Sydney, among other major entrepreneurial hubs.
Furthermore, since appearing in London, Antler now has 35 UK companies, of which 16 have joined since 2021. The UK team consists of partners Ollie Purdue, Antoine Poirson, and Veronika Patkai. The team invests across multiple sectors. UK portfolio includes nail care innovator Glaize; sexual wellness software Blueheart; healthcare marketplace powered by artificial intelligence, Vamstar; virtual team platform Unlock; and mortgage business platform Mast.
What the partners have to say
“With the UK fund now closed, we’re really excited to be in a stronger position to support even more young businesses,” said Ollie Purdue, Partner at Antler London.
“We are now aiming to double our capacity in the UK, helping more founders start their next business than ever before. We also have more exciting announcements coming soon – so watch this space.”
“We’ve grown our UK team with the head of partnership and a program associate, and looking to grow further in 2022,” Veronika Patkai, Associate Partner at Antler London.
“We’re accepting applications for our fifth UK cohort, which starts in February 2022, and are looking forward to supporting the next phase of exceptional individuals, regardless of their background, origin and gender.”
“As we witness a real generational wealth divide, we are convinced that startups will play a key role in closing it. As such, we are investing a lot of effort and resources to close it” said Antoine Poirson, Partner at Antler London.
“First, by backing exceptional individuals, regardless of their background, origin, and gender. Second, by supporting our portfolio hire faster and more efficiently, giving them access to the wider Antler network. Third, by making investing in our funds more accessible to underrepresented groups, entrepreneurs, and women.”
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