Antler Elevate Fund Raises $285M to Propel Growth-Stage Startups

Antler, a business incubator and startup accelerator based in Singapore, has successfully raised $285 million for its emerging growth fund, Antler Elevate.

The fund targets companies with ambitious mindsets, strong product-market fit, and remarkable growth potential, offering scale-up capital from Series A and beyond.

Magnus Grimeland, Founder and CEO of Antler, said, “Our mission at Antler is to invest in and empower the next generation of exceptional founders, propelling progress and shaping a better future.”

“With the launch of the second generation of our funds, we are thrilled to extend our support beyond Series A, making progress inevitable. By empowering thousands of founders to launch and scale companies that tackle pressing global challenges, we move society forward and ensure a better future,” added Magnus.

Investments in Groundbreaking Startups

Antler Elevate has invested significantly in groundbreaking startups, including Airalo, the world’s largest eSIM marketplace, Earlytrade, a liquidity marketplace revolutionizing the construction sector, and Two, a B2B e-commerce purchase financing solution. These investments highlight the fund’s commitment to supporting innovative solutions across diverse industries.

Martell Hardenberg, a partner at Antler, emphasizes the advantage of Antler’s extensive localized presence and data-driven knowledge base.

“Leveraging our 25-office network and comprehensive sector and geographical benchmarking, we source investment opportunities at scale, ensuring well-informed decisions,” says Hardenberg.

The Antler Elevate fund has attracted investments from renowned institutions such as M&G Catalyst, Schroders, Vaekstfonden, Korea Venture Investment Corp (KVIC), and a US pension fund. This demonstrates the high level of trust in Antler’s ability to identify and nurture promising startups.

Empowering Founders and Shaping the Future

With the closure of the Antler Elevate fund, Antler solidifies its position as a key player in the global startup ecosystem.

Dedicated to providing ongoing support to founders and fueling the growth of high-potential startups, Antler’s mission to drive progress, attract exceptional talent, and shape the future of industries worldwide positions them as a leading force in the entrepreneurial landscape.

Fady Abdel-Nour, a partner at Antler, emphasizes the lasting partnerships and support Antler provides entrepreneurs. “By fostering lifelong connections and empowering visionary founders, Antler attracts exceptional talent and supports entrepreneurs throughout their journey,” says Abdel-Nour.

Overall, the Antler Elevate fund’s successful raise of $285 million reinforces Antler’s commitment to supporting startups and driving innovation. With its extensive resources, global reach, and focus on empowering founders, Antler is well-positioned to shape the future of entrepreneurship and impact industries worldwide.