Global venture capital firm Antler has committed to investing US$100 million in early-stage startups in the Southeast Asian region.
The funding is expected to fuel the expansion of more than 300 new companies in Southeast Asia over the next four years.
Antler has invested in over 127 companies in the region to date. 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 (global eSIM marketplace), and Homebase (a proptech startup).
It will continue to focus on high-growth industries and invest in founders in multiple geographies who are launching the defining companies of tomorrow.
Since its launch in Singapore in 2018, Antler has expanded its global network of offices. It recently established operations in Vietnam and Indonesia.
Also Read: Antler closes over US$300M, to provide follow-on capital for its portfolio startups
Jussi Salovaara, Co-Founder and Managing Partner Asia at Antler, said: “Southeast Asia is a breeding ground for innovative startups, and we want to give exceptional founders the investment, support, and expertise they need to realize their visions from the earliest stages. It is our ambition to help unlock and accelerate technological innovation in the region, and we are excited about the positive impact the founders we enable and invest in will create over the coming decade.”
In October 2021, Antler Singapore announced the close of over US$300 million in funding from Schroders, Vækstfonden, and Phoenix Group. Early that year, Antler said it would invest US$100 million in Indian startups over the next four years. The fund will support exceptional founders from the idea stage all the way to Series A and B.
Southeast Asia’s internet economy is poised to reach approximately US$360 billion by 2025, according to the latest e-Conomy SEA report by Google, Temasek, and Bain & Company. Technology is permeating into the region at an accelerated rate and Southeast Asia’s tech ecosystem is showing signs of maturity as 14 unicorn tech companies reached a US$1 billion valuation in 2021.
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