Singapore-based venture builder and early-stage venture capital firm Antler announced that it has raised fresh investments from UK-based asset manager Schroders, Norwegian firm Ferd, FinTech Collective, and other investors.
Antler, which was founded in 2018 by Magnus Grimeland, did not disclose the amount of the new investment but said it raised the total funds it secured over the past six months to more than $75 million.
In January, the firm raised $50 million 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.
Antler had launched funds across Amsterdam, London, New York, Stockholm, Sydney, Nairobi, and Singapore. The firm operates a company builder programme that invests in startups at the pre-concept and pre-team stage.
Since its inception, Antler said it has made more than 120 investments across a wide range of technology companies. Several of these have gone on to raise later-stage funding from the likes of Sequoia, Golden Gate Ventures, East Ventures, Ventura Capital, and the Hustle Fund.
“With our support, our founders start refining their ideas and building new and innovative businesses,” Grimeland, the company’s co-founder and CEO, said.
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.
Schroders, one of the investors in the latest funding round, is a global investment management company with AUM of 444.4 billion euro ($578 billion). Its CEO, Peter Harrison, said Antler demonstrates a progressive approach to change for which Schroders is also known.
Ferd, on the other hand, is a family-owned Norwegian investment company owned by industrialist and investor Johan Andresen, while FinTech Collective is a New York-based venture capital firm that invests globally.