Schroders backs Singapore incubator Antler

Additional contributions came from Ferd, a family-owned Norwegian investment company, and FinTech Collective, a New York-based venture capital firm that focuses exclusively on financial services technology companies, according to a statement.

In January, Antler raised $50 million from investors such as Facebook co-founder Eduardo Saverin, Norwegian investor and philanthropist Christen Sveeas, and Japanese financial services player Credit Saison.

Founded in Singapore in 2017 by Magnus Grimeland, Antler is a global start-up generator and early-stage VC investor. With operations in New York, Stockholm and Oslo, as well as Singapore, it helps founders identify partners, validate their business models, and get input from a global network of advisors.

Antler has invested in over 120 companies. Several of these have subsequently received follow-on funding from the likes of Sequoia Capital and Golden Gate Ventures. 

“Having accomplished investors like Schroders, Ferd and FinTech Collective on board means we can provide a more valuable network for our startups as they grow their businesses,” said Magnus Grimeland, Antler's founder and CEO.

Peter Harrison, group CEO of Schroders, which has GBP444.4 billion ($575 billion) under management globally across multiple strategies, will join Antler’s advisory board. He said: “We are in a period of unprecedented change. The visibility on venture capital activity and innovation that Antler provides is therefore leading-edge.” 

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• Topics
• South Asia
• Technology
• Fundraising
• Singapore
• Fintech