Singapore-based early stage Venture Capital firm and startup builder, Antler, has raised $50 million, a move that seeks to expand its operations and launch further Antler programmes in 2020. The company runs its African operations in Nairobi.
Investors who took part in the funding include Facebook Co-founder Eduardo Saverin, Elaine Saverin, Norwegian investment firms Kistefos and Canica International, philanthropist Christen Sveeas (via Kistefos), and Credit Saison.
According to the firm, they will use the funds to further develop their branches in Amsterdam, London, New York, Stockholm, Sydney, Oslo, Nairobi and Singapore. Furthermore, the firm is seeking to invest in startups with broad-ranging technologies like FinTech, PropTech and robotics.
Additionally, the firm has also revealed plans to launch in Jarkata and five other locations in 2020.
Antler operates a company-builder programme that invests in startups at the pre-concept and pre-team stage. The programmes are invitation-only company builder programs in several locations. The firm accepts around 3% of its applicants globally.
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