To this point this yr, worldwide enterprise capital agency, Antler, has invested in 58 startups throughout seven nations.
The businesses funded symbolize over twenty sectors, starting from fintech and deep tech to meals supply and gaming. 43% of those corporations have no less than one feminine co-founder. This exercise brings the entire quantity invested by Antler since launch to $25m.
This spectacular exercise comes despite the coronavirus pandemic has led to widespread lockdown, and a reported slowdown in enterprise capital exercise, particularly on the early stage. The businesses which have acquired funding had been based throughout seven cities: London, Singapore, Stockholm, Amsterdam, Nairobi, Oslo and Sydney.
The invested corporations had been shaped by Antler, which operates in eleven cities world wide. Antler’s cohorts normally run ‘in particular person’, however the Antler workforce responded rapidly to the altering circumstances, introducing digital options and elevated performance on its digital hub for its founders.
Antler additionally launched the “COVID-19 Initiative”, which is able to spend money on as much as 5 startups which might be engaged on concepts that reply to the influence of COVID-19. Antler has acquired over 2,000 functions in just some weeks since saying the initiative and is at present within the course of of selecting the businesses during which to speculate.
Moreover, sixteen current portfolio corporations are creating expertise options that handle completely different points of the disaster. For instance, New York-based Inside Well being is providing free entry to major care licensed physicians by their telehealth platform, so these affected by the illness can examine in with out having to go to a medical facility.
Magnus Grimeland, Founder and CEO of Antler, feedback “We’re extremely happy with what all of our founders have achieved throughout this time. We need to work with founders that present grit, willpower and the power to adapt to unpredictable conditions. For therefore lots of the founders to begin and construct spectacular corporations throughout these uncommon occasions, was an superior factor to witness. They confirmed themselves to be true entrepreneurs, and actual leaders. I’m additionally very pleased with the Antler workforce, who moved with unimaginable velocity and agility to remodel our programmes into absolutely distant choices the place wanted.”