Build your company with Antler in Portugal

We are one of the most active early-stage investors in the world, enabling the most driven people to build companies that move the world forward. We invest from the pre-seed stage and continue to be a long-term partner as your company grows.

Who is Antler Portugal for?

We’re looking for people committed to turning their ambitious ideas into game-changing businesses. We work with founders regardless of background or geography—from experienced business operators to technologists and entrepreneurs. Whether you've just started building, but haven't yet raised capital; you've got an idea and are thinking about getting started, but haven't quite made the leap; or you don't have an idea but are determined to be an entrepreneur, Antler is the right place for you to bring your idea to life.

We accept applications from individuals and teams.

Join the next Lisbon program starting on January 9, 2023

Our next in-person program will start on January 9, 2023 and is structured in two phases:

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Phase 1: Formation and validation

During phase 1, all founders receive a grant of €2,000 gross, paid in two monthly instalments.

Phase 1 runs for ~2.5 months and is focused on venture development and testing a startup hypothesis. Here we surround you with everything you need to build at lightning speed: a community of diverse founders so that you can find the right co-founder, coaching from our team of proven founders and advisors, perks from hundreds of partners, and a global network.

At the end of this phase, your team will pitch to our investment committee. Successful teams will move to phase 2 and receive pre-seed funding from Antler at the following terms: €120,000 investment for a fully diluted 10% equity stake. €80,000 will be received by the company and the remaining €40,000 will be deducted to cover the costs of the program. If you don't get an investment from Antler, we do not charge any fee or take any equity.

Phase 2: Build your company

Phase 2 runs for ~3.5 months, where you will receive personalized coaching from our partners and global network of advisors to help you scale and hire your core team. It culminates with Demo Day, where you will get the opportunity to pitch to local and international investors.

As an Antler startup, you continue to be a member of our global community where you will meet other founders from around the world, access our portfolio job boards, sign up to events, draw from our resource library, share learnings, and get support from other founders, advisors, and the Antler team.

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A few companies in our global portfolio

5,000+

Founders supported

600+

Portfolio companies

$2B+

Combined portfolio value

30%

Startups with at least one woman co-founder

Application process

The full application process takes about 2-3 weeks to complete. Once you apply, our scouting team will guide you through the full process and will be available to answer all your questions. All of our interviews are done online.

Apply

Apply on apply.antler.co using your LinkedIn account or CV and fill out a short questionnaire.

Intro interview

Introduce yourself through a first call where we get to know you, get a better understanding of your background, and figure out if our program would be an ideal fit for you, together. If you already have an idea and/or team, we will focus on digging deeper into your idea/startup, team, and motivations.

Detailed interview

You will hear back from us after your first-round interview on whether or not you qualify for our detailed interview.

Partner interview

You will hear back from us after your detailed interview on whether or not you qualify for our partner interview.

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Application process

The full application process takes about 2-3 weeks to complete. Once you apply, our scouting team will guide you through the full process and will be available to answer all your questions. All of our interviews are done online.

Apply

Apply on apply.antler.co using your LinkedIn account or CV and fill out a short questionnaire.

Intro interview

Introduce yourself through a first call where we get to know you, get a better understanding of your background, and figure out if our program would be an ideal fit for you, together. If you already have an idea and/or team, we will focus on digging deeper into your idea/startup, team, and motivations.

Detailed interview

You will hear back from us after your first-round interview on whether or not you qualify for our detailed interview.

Partner interview

You will hear back from us after your detailed interview on whether or not you qualify for our partner interview.

Offer to join Antler

Once we have made an offer, the next steps are simple. You’ll sign an Antler Founder Agreement and shortly after, we will send you a welcome package containing instructions on how to participate in our pre-program activities to prepare you for your first day, including getting to know the other founders in your program ahead of time.

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Join an Antler Portugal AMA

To find out more about our program in Lisbon, join our Ask Me Anything sessions that take place every Tuesday from 18:30-19:00 Portuguese time, using this Google Meets link.

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Application process

The full application process takes about 2-3 weeks to complete. Once you apply, our scouting team will guide you through the full process and will be available to answer all your questions. All of our interviews are done online.

Apply

Apply on apply.antler.co using your LinkedIn account or CV and fill out a short questionnaire.

Intro interview

Introduce yourself through a first call where we get to know you, get a better understanding of your background, and figure out if our program would be an ideal fit for you, together. If you already have an idea and/or team, we will focus on digging deeper into your idea/startup, team, and motivations.

Detailed interview

You will hear back from us after your first-round interview on whether or not you qualify for our detailed interview.

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Antler-funded founders go on to raise capital from other leading VCs


Founder testimonials

Don't just take it from us. Hear from phenomenal people who joined Antler to launch their company.

Manuel Shoenfeld

PowerX

Building a startup with Antler allows you the room to develop, grow or even pivot your business idea, providing you with the guidance you need along the way.

Bree Pagonis

WIRL

We had never stepped foot in the startup space before. Antler’s support from initial ideation through to setting us up for success when pitching to external investors was invaluable.

Valentin Kassarnig

SpeechifAI

Many decisions are made in uncertainty that define the outcome of your company. Antler gives me the support needed to make those decisions.

Israel Omidosu

I chose Antler because of its diverse team of partners, mentors and investors who go above and beyond to ensure you’re able to find the match needed to build a great company.

Our team

Meet the people dedicated to our founders’ success.

Sergio Massano
Partner

Sérgio is a Partner at Antler. Previously he was the Head of Expansion at Antler, leading the firm's growth to 21 geographies in 6 continents. Before, he was a Principal at Seaya Ventures, the largest Spanish VC fund with operations in Iberia and LatAm. Sérgio was previously a Managing Director at Linio Mexico, one of the largest e-commerce in LatAm, and before that, a Global Operations Director at Rocket Internet. Sergio was also on the founding team of Lazada in the Philippines. He started his career as a Fiber-optics engineer at Portugal Telecom. Sérgio holds an MBA from INSEAD (where he is an Entrepreneur-in-Residence), a BSc & MSc in Electrical and Computer Engineering from Instituto Superior Tecnico and Post-graduate studies in Innovation from the Lisbon School of Economics.

Ricardo Batista
Program Director

Ricardo is Program Director for Antler Iberia. Previously at Glovo, Spain's largest unicorn, he was General Manager for Portugal and for Lola Market (an acquired company). Before Glovo, Ricardo scaled the Marketing department of a tech startup, CompareEuropeGroup (part of NovaFounders' portfolio), and led the Product department for one of its subsidiaries. In his early career, Ricardo experienced multiple roles at Vodafone, ranging from product to engineering to strategy. He holds a BSc in Electrical Engineering from Técnico Lisbon and an MsC in Telecom from KTH Stockholm.

Soledad Gonzalez-Robatto
Capital Director

Soledad is the Capital Director at Antler Iberia. Previously Soledad was the Head of Investor Relations at Kronos Investment Group, leading the Real Estate firm's fundraising activity, and was a member of the Strategy Committee. Before Kronos Investment Group, Soledad was an Investor Relations & Strategy Manager at Enagás, an Ibex35 listed energy corporation. She was also an executive member of the Enagás Start Up Team, responsible for the analysis and valuation of the dealflow. She started her career at Accenture London as a Strategy Consultant. Soledad holds a BSc in Economics and Business Administration from CUNEF and an MSc in Advanced Valuation from IEB.

Monica Aznar
Senior Investment Associate

Monica is a Senior Investment Associate at Antler Iberia. She was previously Chief of Staff at Net4things, a B2B SaaS startup in the mobility sector. Before that, she founded Glocal (an alternative MBA), and at the beginning of her career she was in the venture building space at Anima Ventures and worked in strategy consulting at Kearney. Monica has an MBA from INSEAD and a BSc in Economics & Geography from University College London (UCL).

Tiago Correia
Visiting Investment Associate

Tiago is a Visiting Investment Associate at Antler Iberia.He was previously Portugal’s Launcher & Country Manager at SundayApp. Before that he worked at Indie Campers where he was the Head of Fleet Strategy, and later at Leaseplan as Operations Project Manager for a global client. He also launched and scaled Bird’s e-scooter operations in Portugal. Tiago holds a BSc and MSc in Management from Nova SBE in Lisbon.

André Florido
Investment Associate

André is an Investment Associate at Antler Iberia.He was previously the Strategy & Innovation Manager at Sogrape, leading their digital transformation program and supporting their ventures ecosystem. He also co-founded Betmarkets, a fintech platform aiming to become the eToro for sports betting. Earlier on, he completed a short stint in investment banking at Citi's London office and worked in business analysis at Sonae. André graduated with Distinction from London Business School's MSc in Financial Analysis and holds a BSc Hons in Economics from the University of Porto.

Catarina Lucas
Finance Manager

She was previously an Audit and Assurance Manager at Deloitte Portugal where she accompanied the audit work of several clients across a diverse set of industries and integrated several assurance projects mostly related to internal control. Catarina has a MSc in International Management from NOVA SBE and a MiM from CEMS.

Marcos Ramirez
Visiting Investment Associate

Marcos is a Visiting Investment Associate at Antler Iberia. He was previously the co-founder & COO of factory14, an e-commerce brands aggregator operating globally. Before factory14, Marcos worked at Amazon, where he led the Dropship Program for Italy and Spain. Marcos was previously an Operations Engineer at General Cable (now Prysmian Group) in Chile, Brazil and the US. He started his career as a consultant, working on multiple strategic projects across LATAM. Marcos holds an MBA from INSEAD and a BSc in Industrial and Transportation Engineering from Pontificia Universidad Católica de Chile.

Marcos Ramirez
Visiting Investment Associate

Marcos is a Visiting Investment Associate at Antler Iberia. He was previously the co-founder & COO of factory14, an e-commerce brands aggregator operating globally. Before factory14, Marcos worked at Amazon, where he led the Dropship Program for Italy and Spain. Marcos was previously an Operations Engineer at General Cable (now Prysmian Group) in Chile, Brazil and the US. He started his career as a consultant, working on multiple strategic projects across LATAM. Marcos holds an MBA from INSEAD and a BSc in Industrial and Transportation Engineering from Pontificia Universidad Católica de Chile.

Catarina Lucas
Finance Manager

She was previously an Audit and Assurance Manager at Deloitte Portugal where she accompanied the audit work of several clients across a diverse set of industries and integrated several assurance projects mostly related to internal control. Catarina has a MSc in International Management from NOVA SBE and a MiM from CEMS.

André Florido
Investment Associate

André is an Investment Associate at Antler Iberia.He was previously the Strategy & Innovation Manager at Sogrape, leading their digital transformation program and supporting their ventures ecosystem. He also co-founded Betmarkets, a fintech platform aiming to become the eToro for sports betting. Earlier on, he completed a short stint in investment banking at Citi's London office and worked in business analysis at Sonae. André graduated with Distinction from London Business School's MSc in Financial Analysis and holds a BSc Hons in Economics from the University of Porto.

Tiago Correia
Visiting Investment Associate

Tiago is a Visiting Investment Associate at Antler Iberia.He was previously Portugal’s Launcher & Country Manager at SundayApp. Before that he worked at Indie Campers where he was the Head of Fleet Strategy, and later at Leaseplan as Operations Project Manager for a global client. He also launched and scaled Bird’s e-scooter operations in Portugal. Tiago holds a BSc and MSc in Management from Nova SBE in Lisbon.

Antler Portugal
Ricardo Batista
Program Director

Ricardo is Program Director for Antler Iberia. Previously at Glovo, Spain's largest unicorn, he was General Manager for Portugal and for Lola Market (an acquired company). Before Glovo, Ricardo scaled the Marketing department of a tech startup, CompareEuropeGroup (part of NovaFounders' portfolio), and led the Product department for one of its subsidiaries. In his early career, Ricardo experienced multiple roles at Vodafone, ranging from product to engineering to strategy. He holds a BSc in Electrical Engineering from Técnico Lisbon and an MsC in Telecom from KTH Stockholm.

Soledad Gonzalez-Robatto
Capital Director

Soledad is the Capital Director at Antler Iberia. Previously Soledad was the Head of Investor Relations at Kronos Investment Group, leading the Real Estate firm's fundraising activity, and was a member of the Strategy Committee. Before Kronos Investment Group, Soledad was an Investor Relations & Strategy Manager at Enagás, an Ibex35 listed energy corporation. She was also an executive member of the Enagás Start Up Team, responsible for the analysis and valuation of the dealflow. She started her career at Accenture London as a Strategy Consultant. Soledad holds a BSc in Economics and Business Administration from CUNEF and an MSc in Advanced Valuation from IEB.

Monica Aznar
Senior Investment Associate

Monica is a Senior Investment Associate at Antler Iberia. She was previously Chief of Staff at Net4things, a B2B SaaS startup in the mobility sector. Before that, she founded Glocal (an alternative MBA), and at the beginning of her career she was in the venture building space at Anima Ventures and worked in strategy consulting at Kearney. Monica has an MBA from INSEAD and a BSc in Economics & Geography from University College London (UCL).

Sergio Massano
Partner

Sérgio is a Partner at Antler. Previously he was the Head of Expansion at Antler, leading the firm's growth to 21 geographies in 6 continents. Before, he was a Principal at Seaya Ventures, the largest Spanish VC fund with operations in Iberia and LatAm. Sérgio was previously a Managing Director at Linio Mexico, one of the largest e-commerce in LatAm, and before that, a Global Operations Director at Rocket Internet. Sergio was also on the founding team of Lazada in the Philippines. He started his career as a Fiber-optics engineer at Portugal Telecom. Sérgio holds an MBA from INSEAD (where he is an Entrepreneur-in-Residence), a BSc & MSc in Electrical and Computer Engineering from Instituto Superior Tecnico and Post-graduate studies in Innovation from the Lisbon School of Economics.

We’re hiring!

We are expanding our team of passionate people backing the most driven founders in Portugal. Check out our open positions at Antler Iberia.

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FAQs

Why should I apply to Antler Lisbon?

Antler is the day zero investor backing the world's most driven people, from day zero to greatness.

We are one of the most active early-stage investors in the world, present in 23 locations across six continents. Since making our first investment in 2018, we have invested in over 600 companies. Our global footprint enables businesses we invest in to access international startup ecosystems for quicker scaling, due diligence, and problem-solving, and our fast-growing community of early-stage startup founders.

Antler helps you meet potential co-founder(s), form a team, or add to your existing team. Working with Antler will also help you to test and validate the problem you have identified, enable you to build a technology startup to solve it, and then invest in it. Additionally, Antler helps to de-risk common pain points throughout the business-building and scaling journey with dedicated coaching, practical workshops, and, of course, insightful and helpful resources.

Who should apply and what does Antler look for in founders?

We're looking for hungry and driven founders with grit who are beginning the journey of starting a new venture that can change the world. Maybe you've just started building, but haven't yet raised capital; or maybe you've got an idea and are thinking about getting started, but haven't quite made the leap. Either way, if you're in the earliest days of launching a startup, Antler is the right place for you to bring your idea to life.

We accept applications from individuals and teams. This includes solo founders, looking to find a co-founder and to validate your idea. You are at the stage where you’re ready to give it everything you’ve got. You want to test a number of promising ideas, be part of a supportive environment, iron out what to build, and figure out what market to go after. When you join Antler, you join a community of founders, get support from a global platform of experts and resources, and receive investments to scale your ideas and businesses. We invest from the pre-seed stage and we continue to be a long-term partner as your company grows. You may already have a team and have already started your business, but you did not yet raise funding.

Join forces with Antler to fast-track your startup by getting support tailored to your stage of the journey. You’ll join our fast-growing founder community and have the opportunity to receive an investment from Antler. If you want to positively impact the world by creating a company that solves real problems, join Antler and build a groundbreaking technology company by applying on apply.antler.co.

What if I already have a product or I’ve already been working on my startup for a while?

We accept founders and teams who have already launched their product.

What if I already raised friends and family or angel money?

Finding your first backers is a great achievement. We accept founders who have raised non-institutional capital, but ideally, we would like to be your first institutional VC check.

What sectors qualify for Antler?

We are industry agnostic and invest across all technology sectors.

How is the Antler program structured?

We deliver an in-person program structured in two phases.

Phase 1 runs for ~2.5 months and is focused on venture development. We strive to select and bring together a diverse group of exceptional people—from engineers to experienced business operators and serial entrepreneurs—so that you can find the right co-founder. The right founding team is what sets successful businesses apart from those that fail.

Besides finding a co-founder, the Antler team will provide guidance and coaching as you work to identify areas of opportunity, iterate on your ideas, conduct customer discovery and research, beta test as quickly as possible, and build your product roadmap and go-to-market strategy. During this time, we'll also organize meetings, social sessions, office hours, and speaker series with industry experts, coaches, and Antler advisors. Most importantly, you'll be surrounded by hand-selected founders to work alongside, brainstorming ideas, testing assumptions, sharing expertise, and building close bonds.

At the end of this phase, your team will pitch to our Investment Committee. Successful teams will receive pre-seed funding from Antler and move to phase 2.

Phase 2 runs for ~3.5 months and founders get more done than what is possible on their own. We guide you through the process of incorporation, founder agreements, go to market, and more, so you can focus on building your business. We work with you to prepare your fundraising strategy and growth roadmap. This phase culminates with Demo Day, where you will have the opportunity to pitch to local and international investors.

As an Antler startup, you will remain a member of our global community where you will meet other founders from around the world and access our portfolio job boards, sign up to events, access our resource library, share learnings, and get support from other founders, advisors, and the Antler team.

Is the program done remotely or in person?

We work with founders in person. We believe in the magic and serendipity of working together in person. If you already have a team, you all need to be in person.

Do I need to be full time?

Yes. Building a new venture is a full-time job and we only want to work with founders who are fully committed to the process. If you already have a team, you all need to be full time.

Do I need to speak English to participate in the program?

Yes. The official language of the Antler program is English, so it is a requirement for all participants.

Do I need a visa to join Antler Lisbon?

Yes. Antler Lisbon doesn’t sponsor visas. Founders will need to have a work permit (i.e., not a tourist visa) for Portugal in order to qualify.

Does Antler Lisbon offer a grant to founders?

Yes. There is a grant of €2,000 gross per founder for phase 1, paid in two monthly installments. The founder is responsible for any taxes and any other amounts payable in respect of your receipt of the grants.

What is the Antler grant?

The grant is one part of the support that Antler offers founders and is only disbursed during Phase 1 of the program (i.e. initial 2.5 months). This grant is independent of Antler's decision to invest in the ventures being built and does not constitute in any way an offer of employment or indicate any sort of labour affiliation with Antler.

What are Antler Lisbon's investment terms?

Antler Lisbon will invest at the following terms: €120,000 pre-seed investment for a fully diluted 10% equity stake. €80,000 will be received by the company and the remaining €40,000 will be deducted to cover the costs of the program. If you don't get an investment from Antler, we do not charge any fee or take any equity.

What is the application process?

Step One: apply on apply.antler.co using your LinkedIn account or CV. We will ask you a few questions to get to know you a bit better.

Step Two: intro interview.* You will hear back from us shortly after you've submitted your online application on whether or not you qualify for the first-round interview. In the first round interview, we will focus on getting to know you, getting a better understanding of your background, and figuring out if our program would be an ideal fit for you, together. In case you have an idea and/or team, we will dig deeper into your idea/startup, team, and motivations.

Step Three: detailed interview.* You will hear back from us after your first-round interview on whether or not you qualify for our detailed interview.

Step Four: partner interview.* You will hear back from us after your detailed interview on whether or not you qualify for our partner interview.

Step Five: offer decision. You will be notified of the offer decision. If successful, the next steps are simple. All that is left is for you to sign an Antler Founder Agreement before you can officially kick off your entrepreneurial journey. Shortly after, we will send you a welcome package containing instructions on how to participate in our pre-program activities to prepare you for your first day, including get to know the other founders in your program ahead of time.

*All of our interviews are done online.

What if I already have a co-founder(s), do they also need to apply?

Yes. When you fill up your application, you have to select the co-founder option where you provide your co-founder details. We will reach out to them with a link to complete their part of the application.

All team members will be interviewed individually and have to participate in the program full time.

Are the interviews done in person or online?

All of our founder interviews are done online.

When is the deadline to apply?

The application deadline is 1 month prior to the start of the program. Please bear in mind that admissions are made on a rolling basis so there is a real chance that the program is already filled by then - do not wait for then to apply! Should the program be filled by the time of your application, we will invite you to apply for the following program.

What can I expect of Antler and what does Antler expect of me?

We offer founders the opportunity to meet a co-founder, get hands-on coaching, access a network of industry experts and advisors, and access capital as well as a great co-working space and helpful tools and resources.

But the real work has to be done by you.

This means that we expect you to be in the driver's seat, come up with ideas, and show us the research you have done, the customers you have spoken with, and the signed LOIs you obtained. Your expectations may be high, but so are ours. We set ambitious goals and expect you to deliver.

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