Antler secures new capital from Schroders, others

Startup enabler and investor Antler announced that it has raised an undisclosed amount of investment from British investment manager Schroders, Norway-based Ferd, and other investors such as FinTech Collective.

The latest investment takes Antler’s total funding over the past six months to more than US$75 million. The company said the new funds will help it grow its global platform to better support founders.

Antler CEO and founder Magnus Grimeland / Photo credit: Antler

The move comes shortly after it secured US$50 million from Facebook co-founder Eduardo Saverin and Elaine Saverin, Norway-based holding company Canica, and Japanese credit card issuer Credit Saison.

Founded in 2017, Antler runs startup generator programs and invests in early-stage firms. It aims to create hundreds of companies globally over the next five years. Antler helps entrepreneurs find the right co-founder and connects them to a network of advisors and experts worldwide.

“We often talk about the opportunity to find your co-founder at Antler through working with exceptional people from different professional backgrounds and with complementary skill sets,” said Magnus Grimeland, co-founder and CEO at Antler. “With our support, our founders start refining their ideas and building new and innovative businesses. What is equally important is the deep relationship our founders build with their peers, our advisors, and backers.”

The company said it has made over 120 investments in tech companies. Its portfolio includes Indonesian on-demand workforce startup Sampingan, computer vision technology Xailient, e-sims marketplace Airalo, and medtech firm Fusedbone.

Recently, it injected US$1.4 million into 14 startups that were part of its third Singapore cohort. The startups operate in sectors such as ecommerce, business-to-business software-as-a-service, greentech, and proptech, among others.

Antler has a presence in New York, London, Singapore, Sydney, Amsterdam, Stockholm, Nairobi, and Oslo.