Antler rakes in fresh investment from Schroders, Ferd, others

Antler founders

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.

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.