Shadine Taufik · · 1 min readAntler to invest in 30 Indonesian companies in 2023
An Antler program / Source: Antler
Singapore-headquartered Antler, an early-stage VC firm, has committed to investing in 30 Indonesia-based companies in 2023.
Since expanding to the archipelago in 2021, Antler has financed 25 startups. Its Indonesian portfolio spans 16 sectors, including fintech with Brick, healthtech with CareNow and Healthpro, and edtech with Academix and Eduku.
The firm is launching its Jakarta-based 10-week founder residency program, which will begin in June and also accept pre-idea and pre-seed firms.
Investing from “day zero,” Antler helps founders form teams, develop their ideas, and secure initial capital. To date, the firm has received over 4,000 applications for its inaugural Indonesian program.
See also: Recession Run: Antler to double funding deals
Since being established in 2018, Antler has invested in and helped build 750 startups, and set up offices in 25 markets across six continents.
Base, an Indonesian direct-to-consumer beauty and wellness startup, raised US$6 million in its series A funding round last November. The company was part of Antler’s program.
Earlier this month, Tech in Asia reported that Khazanah Nasional, Malaysia’s sovereign wealth fund, was in talks with Antler to help it seek out early-stage investment opportunities.
Editing by Miguel Cordon and Dhania Putri Sarahtika
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