Singapore-headquartered Antler, an early-stage VC firm, has committed to investing in 30 Indonesia-based companies in 2023, according to reporting from Tech in Asia.
Since expanding to the archipelago in 2022, Antler has financed 25-startups. Its Indonesian portfolio spans 16-sectors, including fintech with Brick, healthtech with CareNow and Healthpro, and edtech with Academix and Eduku.
The firm is set to launch its Jakarta-based 10-week founder residency programme, which will begin in June and also accept pre-idea and pre-seed firms, say Tech in Asia.
Investing from “day zero,” Antler helps founders form teams, develop their ideas, and secure initial capital. Last year, the firm received 4,000-applications for its inaugural Indonesian programme.
Since being established in 2018, Antler has invested in and helped build 750-startups, and set up offices in 25-markets across six continents.
Base, an Indonesian direct-to-consumer beauty and wellness startup, raised USD 6-million in its series A funding round last November. The company was part of Antler’s programme.
Earlier this month, Tech in Asia reported that Khazanah Nasional, Malaysia’s sovereign wealth fund, was in talks with Antler to help it seek out early-stage investment opportunities.
Source: Tech in Asia