Antler’s $285M emerging growth fund backs tomorrow’s industry leaders

Antler has closed Antler Elevate, a 285 million emerging growth fund that invests beyond the early stages, managed through offices in London, San Francisco and Singapore.

Rike Döpp Bergérus

VP, Global Communications
June 7, 2023
Share article

This article was amended on November 7th, 2025 to reflect recent updates to Antler Elevate

Antler Elevate, managed from offices in London, San Francisco and Singapore, invests in breakout companies originating from Antler’s proprietary company-building platform, one of the largest of its kind globally as well as startups that raised outside Antler’s early-stage funds.

Antler compiles deep insights about founders and business models that lead to more informed investment decisions through a proprietary, disciplined evaluation process.   

The Antler Elevate fund has already invested more than $130 million in 64 companies*, including: 

  • Airalo, the world’s first and largest eSim marketplace
  • Two, a purchase financing solution for B2B e-commerce
  • Wrtn.ai, Korea's leading lifestyle AI platform for writing, search and conversational content creation
  • Sona, an AI-powered workforce management platform

*See the full list of publicly-announced Antler Elevate portfolio companies.

The Antler Elevate team's deep vertical and operating expertise helps founders along their growth trajectory. Martell Hardenberg exited Lazada to Alibaba and has grown the company from Pre-seed to unicorn status. Lazada, Southeast Asia’s largest e-commerce player, sold to Alibaba Group in 2016, the Group's largest transaction outside China. Chris Walsh previously served as Partner at 7GC, a cross-border venture capital firm, and was a founding member of Empros Capital, advising and investing in pre-IPO technology companies. Fady Abdel-Nour was the Global Head of M&A and investments at PayU, the payments and fintech arm of Prosus, a global technology-focused investment group known for its early investment into Tencent. The team taps into this wide knowledge base to offer strategic guidance to portfolio companies, elevating their prospects for success.

Martell Hardenberg, partner at Antler: “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. Fast-growing businesses require significant capital, and having a committed partner like Antler is instrumental in financing their ongoing growth. To do this, we are leveraging Antler’s 30-office localized footprint and data-driven knowledge base to source investment opportunities at scale.”
Chris Walsh, partner at Antler: “There are three core ways to add immediate value to founders as they scale: capital, delivering customers, and assisting with talent aggregation. There continues to be no shortage of capital in this increasingly changing VC landscape, so the ability to support founders from day 0 is truly novel. By providing support across all facets of the company via Antler’s global infrastructure, we are helping founders solve go-to-market and hiring challenges already. With Antler Elevate delivering the last leg of support in growth capital to continue backing n=1 founders, our value proposition continues to become the gold standard for supporting founders throughout their startup journey.
Fady Abdel-Nour, partner at Antler: “The closing of Antler Elevate strengthens our ability to support incredible entrepreneurs starting from day zero and continuing through every step of their journey. By creating a lasting life-long partnership that is about more than capital, Antler is able to not only attract top-tier talent but also propel the next generation of game-changing founders forward. Together, we will foster innovation, empower visionaries, and shape the future of industries worldwide.”

Read a recent article about Antler Elevate in TechCrunch.

Follow Martell Hardenberg, Chris Walsh, Fady Abdel-Nour

For all press enquiries: press@antler.co

Rike Döpp Bergérus

VP, Global Communications

Rike is leading Antler’s Global Communications, and brings over two decades of Communications and PR expertise. She began her career at Girault-Totem, working with luxury clients like Raf Simons and Jaeger-LeCoultre, before founding her own agency with clients including H&M, Zalando, and Mercedes-Benz Fashion Week. Rike built her company into a global presence with five offices, primarily operating out of New York. Ping her at rike@antler.co or https://wa.me/0046706313538

More insights

See all articles
Podcast
5 min read
How we built Antler

Antler Founder and CEO Magnus Grimeland on the origins of Antler, the rise of global entrepreneurship, and the mission to back outliers everywhere from inception.

Insights
5 min read
Europe's Execution Era: An Antler Study

Antler's latest report is one of the largest studies of tech founders in Europe. We’ve analysed more than 3,000 unicorn founders and 60,000 founders at the inception of their journey, uncovering Europe's rapid growth in an AI era of execution.

Insights
5 min read
Why we invested in AirDodge: Enabling Drone Operations in U-Space

AirDodge is making low-altitude airspace safe, scalable and predictable.