Antler raises $50m for global funds from Eduardo Saverin, Credit Saison, others

Antler founders

Antler, Singapore-based venture builder and early-stage venture capital (VC) firm, has raised $50 million for its funds across Amsterdam, London, New York, Stockholm, Sydney, Nairobi and Singapore.

This development was first reported by TechCrunch.

According to the report, the capital was raised from investors including Facebook co-founder Eduardo Saverin, Elaine Saverin, Norwegian investor Christen Sveeas (via Kistefos), Canica International, and Japanese financial services firm, Credit Saison.

DealStreetAsia previously reported that Antler had launched $30-million funds across seven geographies: Southeast Asia, Australia, Europe, UK, Africa, Nordics, US. Antler verified with us that the recent fundraise was across these funds.

Founded in 2018 by Magnus Grimeland, Antler operates a company builder programme that invests in startups at the pre-concept and pre-team stage. Its programme is similar to London-based Entrepreneur First (EF), which includes pairing co-founders into teams, and linking them to its network of mentors and entrepreneurs around the world.

Antler has been on an aggressive growth spurt over the last year.

Since its founding in 2018, it has expanded from Singapore to seven geographies globally. Last August, Antler said it had opened an office in China, appointing one of its earliest employees, Chin Huilin as its first China-based director. Antler also shared that it was in the early stages of raising a China-focused investment vehicle.

According to Antler, the firm has invested in over 120 companies, a number of which have clinched follow-on funding from reputable VCs. These include names like Airalo and Cognicept which have announced backing from by Sequoia Capital, as well as Sampingan from Golden Gate Ventures.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.