Antler Closes US$285 Million Fund to Focus on Series A and Beyondby Fintech News Singapore June 8, 2023
Antler, a Singapore-based business incubator and startup accelerator, has closed a US$285 million emerging growth fund to support founders across its global footprint.
The Antler Elevate fund, which will be managed from its offices in London, Singapore, and New York, will provide scale-up capital from Series A onwards.
Some of these companies were supported in Antler’s early-stage funds, which cover 20 ecosystems. Others are startups new to the portfolio, having raised seed investments outside Antler’s early-stage funds.
The Antler Elevate fund led by Martell Hardenberg, Teddy Himler, and Fady Abdel-Nour has thus far already invested over US$70 million in companies.
Magnus Grimeland, Founder and CEO of Antler said,
“I am excited to announce the second generation of our funds to support our founders beyond Series A and drive our mission to make progress inevitable. A better future will not happen automatically—the world needs talented, driven, and resilient people to build it.
By helping thousands of founders launch and scale the next generation of great companies that address some of the most pressing challenges of our time, we move society forward and make progress a certainty.”