Announcing the Antler in Iberia 2023 Portfolio Reveal
Through residencies in Lisbon and Madrid, Antler in Iberia works with founders from day zero of their startup growth journey. After investment from Antler, our portfolio companies work with the Antler team to unlock continued growth and scale. As partners from the earliest stage, we’re proud to reveal our first portfolio companies.
You'll see a diverse group of founders. There's a software developer who previously worked for NASA, a second-time founder who has previously raised over 200 million USD, and others who are addressing a wide range of issues with their companies. Among them are builders of a goals-based social app and an all-in-one solution for car repair shop management.
The founders are incredibly talented, and we're thrilled to support them.
Antler in Iberia
Antler's Iberian location runs simultaneously in Lisbon and Madrid. Since launching in 2022, Antler in Iberia has supported founders from over 25 nationalities who are creating the next generation of startups.
June 30, 2023
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Meet the Antler in Iberia portfolio companies featured in our first portfolio reveal.
Antler is a Venture Capital Fund focused on early stage investment. We back the most promising entrepreneurs from day zero, by running a program that focuses on helping co-founders find their founding team, deep business model validation, initial capital, access to a global network and follow-on funding. Fueled by a passion that goes beyond traditional investing, we have helped create and have invested in more than 800 startups across a wide range of industries and technologies, with the goal of backing more than 6,000 companies by 2030.
At Antler, we firmly believe that innovation is the key to building a better future. By assisting thousands of founders to launch and scale their ventures—companies that tackle some of the most urgent challenges of our era—we propel society forward and ensure progress.
Why launch a program in Iberia? We are confident that the Iberian startup ecosystem is on the cusp of significant growth. This belief is based on its exceptional performance in priced rounds and evident underfunding. With an influx of local and international entrepreneurial talent, the region is experiencing a rapid increase in the number and scale of local startups. This growth is supported by a pool of highly skilled employees, increasingly attractive legislative packages, and other favorable factors.
Portugal and Spain have a long history of incredible companies and great founders. In the past year, nine Iberian-led companies have achieved unicorn status. Now, we begin to see the second wave of entrepreneurs, who are former employees of these unicorn companies, going out to build their own. To date, collectively they are worth over 4.4 billion dollars.
Our goal is to invest in over 20 companies by the end of 2023.
Today, we are excited to introduce the newest companies in which we invested earlier in March this year. To give you some context of the founders you are about to see: we received 1,500 applications from which we selected the top 60 entrepreneurs, which entails a 4% acceptance rate, and out of those 60 entrepreneurs we invested in 10.
Quacks.ai harnesses the power of generative AI to revolutionize front-end software testing with a single sentence. Current software quality assurance processes are often resource intensive and inefficient. Quacks.ai aims to optimize QA testing by automating manual processes. It specifically targets functional, front-end software testing with a user-friendly, no-code solution and execution directly from work tickets, as well as self-healing tests that minimize maintenance efforts.
Co-founded by Conor Molloy, Paul Hunkin, and Andrea Derman, the Quacks.ai team brings together a wealth of experience and expertise. Conor's background spans a decade in roles of product management. Paul is a software consultant and developer who has worked with a diverse range of clients, from startups to industry giants. And Andrea has a strong track record in SaaS customer-facing roles and program management, adding valuable insights to the team.
nolemon is a comprehensive solution for car repair shop management. With nolemon, car repair shops gain a powerful tool to streamline processes, manage operations, and elevate customer satisfaction.
The idea behind nolemon is to build an all-in-one repair shop management SaaS that excels in delivering a best-in-class customer experience. Powered by AI and using open APIs, the cloud-based platform is designed to be intuitive, customer-centric, and user-friendly.
Co-founded by Marcos Ramírez, Luis Vidal, and Felipe Ares, the nolemon team brings a wealth of expertise and experience to the table. Marcos has a background in management consulting, operations, and e-commerce. Luis has a strong automotive background and experience in business operations, and Felipe brings extensive experience as a software engineer.
Uptiq is poised to revolutionize the experimentation process for growth teams. Co-founded by Nuno Reis and Satwik Govindarajula, Uptiq offers a centralized platform to transform the way growth teams operate. By integrating seamlessly with existing tools, Uptiq enables teams to align, document, and centralize information in one accessible place.
Nuno's software development and product management background, along with Satwik's extensive growth experience, drive Uptiq's success. With Uptiq, growth teams regain control over their processes.
meerchats mission is to foster collaboration and support in achieving personal milestones. Co-founded by Jean Gatt and Guillaume Sá, the company offers an innovative solution: active chat groups where individuals can share their earning, fitness, and self-improvement goal journeys.
Jean, a software engineer, brings his leadership skills and expertise to the platform while Guillaume, an experienced growth marketer, focuses on commercial growth. With meerchat, you can tap into a network of like-minded individuals and gain the support you need to reach new heights.
The Nordics have produced some of the most successful tech unicorns in Europe—and the world—with Spotify and Klarna securing some of the highest valuations ever achieved by European tech founders. As the tech flywheel spins faster and faster in the region, Antler is excited to publish the largest study of tech founders in the Nordics ever conducted.
Our content series "It All Starts with People" delves into the passions, motivations, and vision of the exceptional founders we have the privilege of partnering with around the world. Read the story of Manuel Schönfeld, founder and CEO of PowerX, on a mission to help businesses waste less energy and money while combatting what he calls "the largest threat to our planet since the meteor wiped out dinosaurs.”
As AI technologies evolve at a breathtaking speed, founders have an unprecedented opportunity to leverage those tools to solve complex, meaningful, and pervasive problems. Antler is looking for the next wave of visionary founders committed to using AI to disrupt industries and improve how we live, work, and thrive as individuals, organizations, and economies.
Our Window into Progress digital event series continues with "Under the Hood"—a deep dive into the rigor and scale that makes Antler unique as we source and assess tens of thousands of founders across six continents.
On the heels of publishing A Window into Progress—a global report that looks inside Antler, the world’s day zero investor—we are excited to present a digital event series offering deeper insights into our portfolio, investment approach, and unique views of the world. Our first event is "The State of Building Today," featuring perspectives on the state of VC and the startup ecosystems in Europe, the US, India, and Brazil.
Our content series "It All Starts with People" delves into the passions, motivations, and vision of the exceptional founders we have the privilege of partnering with around the world. Read the story of Abraham Burak and Bahadir Ozdemir, co-founders of Airalo, who are on a mission to make connectivity around the world accessible and affordable.
As unicorns and later-stage companies are battered by the economic climate, the overall health of the European tech ecosystem looks stronger than ever, with more founders coming from big tech and unicorns to build new startups with significant growth potential. Dive into our report and get to know the new generation of European tech founders.