Singapore-headquartered sector-agnostic global seed-stage VC firm Antler on Wednesday announced the final close of Antler Elevate, a US$285-million emerging growth fund.
The names of the investors haven’t been disclosed.
Managed from offices in London, Singapore, and New York, Antler Elevate invests in companies from Series A onwards across over 20 ecosystems. The fund has already invested over US$70 million in 30-plus companies, including Airalo (an e-Sim marketplace in Singapore), Earlytrade (a liquidity marketplace for the construction sector), and Two (a purchase financing solution for B2B e-commerce).
Martell Hardenberg, Partner at Antler, said: “Our mission at Antler is to be a long-term partner for the founders we work with, supporting them with capital, talent, mentorship, and network all the way from day zero to exit. Antler Elevate is a natural progression for Antler as our portfolio expands. It enables us to offer continued support throughout the growth journey of exciting companies globally, extending our support beyond the Seed stage up to Series C.”
Also Read: Antler to invest US$100M in Southeast Asia’s early-stage startups by 2025
Teddy Himler, Partner at Antler: “Amidst rapid changes in venture capital and entrepreneurship globally, Antler has developed a global magnet for the next generation of technology talent. Pairing our proprietary day zero residency model with unique investing and operating insights, we believe the introduction of our multi-stage platform gives our portfolio companies further advantage across major technology ecosystems.”
Antler has a significant presence in Southeast Asia, with investments in more than 125 portfolio companies. Among its investees are XanPool (open financial C2C software), Reebelo (a marketplace for affordable and sustainable tech devices), Appboxo (super-app), Sampingan (a blue-collar workforce platform), Airalo, and Homebase (a proptech startup).
Early last year, the VC firm said it would invest US$100 million in early-stage startups in the region to help with the expansion of more than 300 new companies over the next three-four years.
Two months ago, Antler announced the launch of a founder residency programme for Indonesian startups in Jakarta, beginning in June 2023. Since the firm’s expansion into Indonesia in 2022, Antler has financed 25 startups. Its portfolio consists of companies from 16 different industries, including healthtech (CareNow and Healthpro), edutech (Academix and Eduku), and fintech (Brick).
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