A Singapore-based venture capital firm backed by tech and banking experts has launched its first London office and on Thursday unveiled plans to invest some £24 million in startups here.
Antler said a team of 10 employees based in Old Street will look to invest £120,000 each into some 200 small businesses in London over the next four years.
The firm was set up Magnus Grimeland, who co-founded Singapore-based fashion online retailer Zalora.
Backers include Spotify’s former chief technology officer Andreas Ehn, economist Lawrence Summers who was the former US secretary of treasury for President Clinton, and ex Goldman Sachs director Andrea Hajdu-Howe.
Grimeland said: “London is a truly dynamic, entrepreneurial city brimming with fantastic business talent. We think London is, and will continue to be, a global hub for entrepreneurs with ambition and drive . The city is full of opportunity and energy.”
The company is also expanding into Amsterdam and Sydney.
- Top 10 venture capital firms investing in blockchain
- Venture capital investments in U.S. set for another bonanza year
- UPDATE 1-SoftBank group to invest $500 mln in venture capital funds in Latin America
- Northern Ireland agri-firms could make billions milking scheme branded ‘RHI on steroids’: claim
- How this Coventry firm is keeping London shoppers safe from terrorists
- Russian-Belarusian venture capital fund to invest in ten new projects by 2020
- Venture Capital: How Clubs Profit By Exploiting Young African Talent
- Russian-Belarusian venture capital fund to finance three new projects
- Boom or bust: Brexit uncertainty making London property outlook hard to read for office landlords
- Big Wall Street firms could up their passive investments to 50% in the next few years: Expert