June 7, 2023

Antler Elevate Launch

ANTLER RAISES $285M VC FUND TO PROVIDE CONTINUED SUPPORT FOR FOUNDERS ACROSS INTERNATIONAL FOOTPRINT

The global fund invests in portfolio companies emerging from Antler’s presence in 20 technology ecosystems, with the additional capability to invest in category leaders outside Antler’s portfolio

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Antler

The investor backing the world's most driven founders, from day zero to greatness. Enabling thousands of founders every year to launch and scale companies that move the world forward.

London/New York City/Singapore - June 7 2023 - Antler has closed an emerging growth fund, raising $285 million to support founders across its global footprint.

The fund, Antler Elevate, managed from offices in London, Singapore, and New York, underpins Antler’s continued commitment to backing the world’s most driven founders from day zero to greatness.

Antler Elevate provides scale-up capital from Series A onwards for companies that have ambitious  mindsets, show strong signs of product-market fit, and demonstrate compounding growth. Some of these companies were supported in Antler’s early-stage funds, which cover 20 ecosystems. Others are startups new to the portfolio, having raised seed investments outside Antler’s early-stage funds.

Antler compiles deep insights about founders and business models that inform investment decisions through a proprietary, disciplined evaluation process. Learn more about Antler’s unique process here.

The Antler Elevate fund has thus far already invested over $70 million in companies, including:

  • Airalo, the world’s first and largest eSim marketplace;
  • Earlytrade, a liquidity marketplace for the construction sector; and
  • Two, a purchase financing solution for B2B e-commerce.

A full list of publicly-announced investments is below. Investors in the fund include M&G Catalyst, Schroders, Vaekstfonden, Korea Venture Investment Corp (KVIC), Laerdal, Wahl Eiendom, and a US pension fund.

The fund’s dedicated venture growth team is led by:

  • Martell Hardenberg, who has co-founded Southeast Asia unicorn Lazada
  • Teddy Himler, previously VP at SoftBank and Principal at Comcast Ventures
  • Fady Abdel-Nour, previously Global Head M&A and Investment at Prosus Fintech (PayU)

Magnus Grimeland, Antler founder and CEO: “I am excited to announce the second generation of our Funds to support our founders beyond Series A and drive our mission to make progress inevitable. A better future will not happen automatically—the world needs talented, driven, and resilient people to build it. By helping thousands of founders launch and scale the next generation of great companies that address some of the most pressing challenges of our time, we move society forward and make progress a certainty.”

Martell Hardenberg, partner at Antler: “Venture capital has become a global discipline, and I am enthusiastic about leveraging Antler’s 25-office localized footprint and data-driven knowledge base to source investment opportunities at scale. We are excited to work with our global network of Partners and their teams to seek investment opportunities. Our unrivaled data insights fuel global benchmarking by sector and geography, leading to more informed investment decisions.”

Teddy Himler, partner at Antler, says: “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.”

Fady Abdel-Nour, partner at Antler, says, “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 propel the next generation of game-changing founders forward. Together, we will foster innovation, empower visionaries, and shape the future of industries worldwide.”

About Antler

Antler is the investor backing the world’s most driven founders from day zero to greatness. Founded on the belief that people innovating is the key to building a better future, we partner with people across six continents to launch and scale high-potential startups that address meaningful opportunities and challenges. Knowing that exceptional founders can come from anywhere with any background, we have offices in 25 cities, including Austin, New York, London, Berlin, Stockholm, Bangalore, Jakarta, Singapore, Seoul, Tokyo, and Sydney. Our global community backs people from the beginning with co-founder matching, deep business model validation, initial capital, expansion support, and follow-on funding. Fueled by a personal passion that goes beyond traditional investing, we have helped create and invested in more than 750 startups across a wide range of industries and technologies, with the goal of backing more than 6,000 by 2030.

Other investments include:

Appboxo—SuperApp e-commerce enabler

Base—Indonesian skincare marketplace

Brick—Indonesian open finance API solution

Chatfood—GCC food ordering and payments—acquired by Deliverect

Cloud Cycle—Concrete digitization for waste reduction

Dawaai—Healthcare distribution in Pakistan

Different—Digital property management in Australia

Evyon—Repurposed EV battery storage systems in the Nordics

Heat—Luxury e-commerce marketplace

Juno—Neobank for Web3

Komi—Creator enablement hub

Marco—LatAm trade finance

Ora—A direct-to-patient healthcare for Southeast Asia

Pemo—SMB business banking in MENAP

Pickup Coffee—Filipino small-format coffee chain

PowerX—Utility saving IoT systems in US

Reebelo—Refurbished tech marketplace in Southeast Asia

Sastaticket—Leading Pakistani online travel

Sona—Frontline workforce management

Staffinc—Workforce management platform in Indonesia

Treyd—Cross-border trade finance platform

Upflowy—No-code web flow optimization

Vamstar—AI-Powered healthcare procurement

VeroTech—Embedded lending for used auto dealers

Volopay—Simplifed expense management and card issuing solution

Wholesum—Leading brand aggregator in South Korea

Xanpool—DeFi payment network for FX and Crypto

Contact

Rike Döpp Bergérus

Senior Director of Global Communications

+46706313538 (WhatsApp)

rike@antler.co

ABOUT ANTLER

Antler is the investor backing the world’s most driven founders from day zero to greatness. Founded on the belief that people innovating is the key to building a better future, we partner with people across six continents to launch and scale high-potential startups that address meaningful opportunities and challenges. Knowing that exceptional founders can come from anywhere with any background, we have offices in 25 cities, including Austin, New York, London, Berlin, Stockholm, Bangalore, Jakarta, Singapore, Seoul, Tokyo, and Sydney. Our global community backs people from the beginning with co-founder matching, deep business model validation, initial capital, expansion support, and follow-on funding. Fueled by a personal passion that goes beyond traditional investing, we have helped create and invested in more than 750 startups across a wide range of industries and technologies, with the goal of backing more than 6,000 by 2030.

CONTACT

Rike Döpp Bergérus

Director of PR & Communications

+46706313538 (whatsapp)

rike@antler.co

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