- Singapore-based startup generator and early-stage venture capital firm Antler announced it raised $50 million
Singapore-based startup generator and early-stage venture capital firm Antler announced it has raised $50 million from several investors, including Facebook co-founder Eduardo Saverin and wife Elaine Saverin. Antler is known for providing pre-seed and later-stage capital for tech founders.
Currently, Antler is known for running accelerator programs in Amsterdam, London, New York, Stockholm, Oslo, Sydney, Nairobi, and Singapore. And the company is set to launch in Jakarta and several other locations this year.
New investors that joined this round include Christen Sveeas (Kistefos) and Canica International along with Japanese financial company Credit Saison. Saverin is also known as the co-founder and partner of B Capital Group.
The Antler accelerator invites applicants to its programs and helps companies find co-founders and settle on their ideas, according to TechCrunch. Plus the accelerator also provides a stipend for the first 2 months in order to cover participants’ basic living costs followed by pre-seed funding.
“We are looking forward to seeing our existing portfolio of exciting startups expand, and launching more Antler programs in 2020,” said Antler founder and chief executive officer Magnus Grimeland via Business Times Singapore. Grimeland is also known as being the co-founder of Zalora (acquired by Global Fashion Group).
Ever since Antler launched in 2018, the company has invested in more than 120 companies across 17 industries.