Venture capital firm Antler has secured $285 million for its new fund, Antler Elevate, aimed at investing in growth-stage companies globally. The fund will be managed from Antler’s offices in London, Singapore, and New York. Several investors, including M&G Catalyst, Schroders, Vaekstfonden, Korea Venture Investment Corp (KVIC), and a US pension fund, have contributed to the new fund.
Antler, with a track record of investing in nearly 750 companies worldwide, announced the launch of Antler Elevate, a fund dedicated to supporting companies beyond Series A and driving progress in various industries. The firm aims to provide scale-up capital for companies showing strong product-market fit and compounding growth. The fund will also support both new and existing portfolio startups within Antler’s global network of 20 startup ecosystems. To date, Antler has already invested $70 million through Antler Elevate.
Magnus Grimeland, the founder and CEO of Antler, expressed excitement about the fund’s launch, emphasizing the importance of talented, driven, and resilient entrepreneurs in shaping a better future. Fady Abdel-Nour, a partner at Antler, highlighted the firm’s commitment to creating lasting partnerships and supporting the next generation of innovative founders.
Established in 2017, Antler operates offices in 25 cities worldwide, including Bengaluru in India. The firm plans to back up to 6,000 companies by the end of 2030. While Antler has invested in 28 Indian startups, it has yet to produce a unicorn, defined as a startup valued at over $1 billion.
Antler’s new fund contributes to the significant amount of venture capital available globally. Prominent VC firms like Sequoia Capital India, Accel, Elevation, and Matrix Partners have raised substantial multi-hundred million dollar funds, primarily aimed at India’s thriving startup ecosystem, currently the world’s third-largest.
