- Venture Capital firm Antler has announced it will launch in new office space in Sydney, aimed at bringing 50 new start-ups to fruition within the coming year.
- Antler works with ambitious entrepreneurs from the ground up, helping them to overcome the barriers to starting their own business including access to their global network of advisors and linking them with like-minded co-founders.
- The first cohort of 100 people starts the program in June 2019, backed by $4, 000 from Antler in phase one, working towards the opportunity to pitch for a further $100, 000 after two months.
Venture Capital firm Antler has announced it will launch in new office space in Sydney, aimed at bringing 50 new start-ups to fruition within the coming year and 200 companies within the next four years.
Antler works with ambitious entrepreneurs from the ground up, helping them to overcome the barriers to starting their own business. There is no need for an idea, a co-founder or even any experience. Antler’s global network of over 150 advisors helps start-ups to find the right co-founders by leveraging their global networks, experience and recruitment processes. It allows entrepreneurs the opportunity to connect, launch and grow their businesses.
Former Chief Executive of TechSydney, Bede Moore will head up the Australian program, with the first cohort of 100 people starting the program in June 2019. The program will focus on targeting those entrepreneurs currently working for large corporations, looking to make a change. To assist professionals to make the change, Antler provides $4, 000 per month during phase one to give a financial buffer to those walking away from their current jobs.
After two months, start-ups have the opportunity to pitch for a further four months in the program, along with an additional $100, 000 to grow their enterprise.
A unique global startup generator and early-stage VC with a mission to enable exceptional individuals to become founders of great tech companies. Over four to five years, Antler aims to build, invest in, and scale over 200+ tech companies out of Australia.
Operating globally, Antler will leverage this platform to the advantage of its portfolio. The fund is targeting to deliver a 30% IRR on investor funds, net of costs and fees.