Antler (venture capital firm)

Antler is a Singapore-based early stage investor founded in 2017. In 2023, Pitchbook ranked the company as the most active seed stage venture capital firm globally with 262 deals.

Background
In 2017, Magnus Grimeland founded Antler in Singapore. Grimeland, a graduate of Harvard College previously worked at McKinsey & Company and then worked with Rocket Internet to co-found Zalora Group. Later on, Zalora Group became part of Global Fashion Group where Grimeland became its COO. During his time there, he noticed how technology workers were in jobs that weren't fully using their talents and left them to start their own businesses. Grimeland founded Antler to help such workers.

Model
Antler runs a combined incubator and accelerator program that lasts for several months and has two phases. The Antler "Residency" helps entrepreneurs find co-founders and teams to help develop their business idea, and invests in the startups that are thereby generated. The first program was launched in Singapore in 2018 where 1,400 people applied, 62 were accepted and at the end, 13 companies were selected.

While Antler is focused on investing in companies during their early stage phase, in 2021, it stated that it was considering extending to later stages, funding companies up to Series C, and in 2023, Antler raised a $285m fund to invest in later stages.

As of May 2022, Antler has invested in over 450 startup companies. One in eight of Antler's investments have failed. It currently has not produced a Unicorn, but has made some significant exits,  and some of its companies have generated significant returns.

Investors of Antler include individuals such as Eduardo Saverin and Christen Sveaas as well as institutions such as Canica, Credit Saison, International Finance Corporation, Schroders, Vækstfonden and Phoenix Group.

Antler has offices in Asia-Pacific, Europe and North America. Offices were opened in Nairobi, Kenya and in Sao Paulo, Brazil in 2019 and 2022 respectively.

Antler in Australia launched in 2019 with a first Australian fund of $46 million and has invested in more than 100 early-stage companies in Australia over the years.