Global startup generator and early-stage venture capital firm Antler has revealed the 13 companies that were founded during its first London program.
The companies have raised a total of £1.56m from Antler (£120k per company), and will be revealed on stage at Antler’s London ‘Demo Day’, which will be hosted at The Royal Institution.
Over 1800 individuals applied for the London program, with just over 70 making it into the final cohort. These exceptional people represented 32 nationalities, and 30% of the companies that raised money from Antler have at least one female founder, which is significantly above the London average of 21%.
The founders have built companies across industries such as fintech, proptech, healthtech and legal tech.
Antler’s program has helped these entrepreneurs find their co-founders and build strong teams, validate their business ideas, and gain early traction, all in just over six months.
Each company has worked closely with Antler’s London team, and with a strong network of local and international advisors. This process has prepared the ground for Antler to invest in these 13 companies.
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Founded in 2017 in Singapore, by Magnus Grimeland (Co-Founder of Zalora, which sold to Global Fashion Group), Antler is rapidly expanding, it already runs programs in eight locations around the world, will soon launch in Jakarta, and launch additional locations in 2020.
Antoine Poirson, Partner of Antler London said: “I am extremely proud of the first London cohort, and believe that this group of entrepreneurs encapsulates what Antler is all about. The companies focus on a wide variety of sectors, including law, sexual wellness and sustainable cleaning with global ambitions. The founders have brought a phenomenal and diverse set of ideas to the table, and we are pleased that Antler’s program of support and engagement has helped bring these to fruition.”
Magnus Grimeland, Antler’s CEO said, “It’s been an incredible start to the year for Antler. We have launched programmes in Oslo and Amsterdam, hosted demo days in Singapore, Stockholm and London, and will soon host another in Nairobi. Additionally, we’ve also raised another $50m into our funds. We are delighted that there is such a huge appetite for what we’re doing, from both the founder and investor community. We look forward to helping our entrepreneurs build some phenomenal companies in 2020.”
The London portfolio companies included are: AViD, Blueheart, CloudCycle, Deja, Homethings, Kluch, Legal Connection, Neighbourhood, Science2innovation, Traktion, Unlock, Vamstar and YAYZY.