Startup generator aims to invest in 1,000 tech founders with new venture capital
Following the success of programs in Singapore and Stockholm, global startup generator and early-stage VC Antler has debuted in Amsterdam, London and Sydney.
Antler is said to be different to traditional startup accelerators, which focus on established early-stage companies, because it builds companies from the ground up, starting with one individual.
Antler’s first program in Singapore in 2018 generated 13 new high growth tech companies, including Sampingan, a task-based workforce platform that has recently secured $500k from Golden Gate Ventures.
Founded by Magnus Grimeland, co-founder of Zalora, the Rocket Internet VC backed e-commerce platform, Antler removes the ‘barriers’ normally preventing people from starting their own business.
Magnus Grimeland, CEO and founder of Antler, said: “Antler exists to enable extraordinary people to tackle the world’s biggest problems through innovation and entrepreneurship.
“Many never make this leap and are instead stuck in unproductive jobs. We want to change that and help individuals transform great ideas into great companies that have a positive impact on the world around us.
“Our program methodology and the top calibre of our advisors gives our founders a massive advantage over other startups in the tech sector.”
Founders are coached throughout their entrepreneurial journey by a panel of 150+ advisors - many meeting with participants on a weekly basis.
The program itself consists of two phases over five months. The first lasts two months, connecting individuals to create strong founder teams.
This is facilitated through workshops, personality tests and focused hackathons where teams rapidly develop product ideas, with support from Antler coaches, advisors and VCs. At the end of phase one, Antler invests in the best teams for a minority equity stake.
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