Thursday 6 February 2020 7:45 pm

Antler secures fresh investment from Schroders

Company builder Antler have taken their total raised to $75m, after closing investment from Schroders and FinTech Collective.

Antler has raised the $75m in the last six months, with the latest tranche led by British investment management company Schroders, as well as Johan Andresen’s vehicle Ferd.

Read more: Asset manager Schroders cuts jobs in restructuring drive

The investors join an existing group that includes Facebook co-founder Eduardo Saverin, Canica International and Credit Saison, the third largest credit card issuer in Japan.

The company recently hosted its first demo day in London, announcing it had invested over £1.5m into 13 new companies.

Since its launch two years ago, Antler has expanded to New York, London, Sydney, Singapore, Amsterdam, Stockholm, Oslo and Nairobi.

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Antler has made more than 120 investments, with several going on to raise funding from the likes of Sequoia and Golden Gate Ventures.

Antler’s co-founder and chief executive Magnus Grimeland said: “Having accomplished investors like Schroders, Ferd and FinTech Collective onboard means we can provide a more valuable network for our startups as they grow their businesses,”

Peter Harrison, group chief executive of Schroders, said: “We are in a period of unprecedented change. The visibility on venture capital activity and innovation that Antler provides is therefore leading-edge.”

Read more: Schroders to take charge of Woodford Patient Capital Trust

“We’re excited to work with Antler to support technology, innovation and VC investing across the world.”

Harrison will also join Antler’s advisory board.

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