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.