- Antler, a startup generator and early-stage venture capital firm, is in talks to hire its first partner in France.
- Documents seen by Insider indicate the firm is looking to bring in a fund partner to set up an office in Paris.
- Antler has offices across Asia, Africa, North America and Europe since launching in 2017.
- Visit the Business section of Insider for more stories.
Antler, a startup generator and early-stage venture capital firm, is in talks to hire its first partner in France.
Antler is a “company builder” that emerged in late 2017 in Singapore running startup generator programs and investing from an early stage.
Since its inception Antler has since helped to build more than 250 tech companies which have gone on to receive follow on investments from funds like Sequoia and Founders Fund. Notable portfolio companies include Indonesian HR tech startup Sampingan.
Antler now has a presence in New York, London, Singapore, Sydney, Amsterdam, Stockholm, Nairobi and Oslo. Paris could be next on the list.
A job description, seen by Insider, says the company is looking to hire a fund partner in France which will: “Work with a global fundraising team of experienced team members to raise the first fund of $30-50 million that will be invested into approximately 100 portfolio companies.”
In response to questions from Insider, Antler confirmed it was hiring. Antler CEO Magnus Grimeland said: “We are already present in eleven locations worldwide, and we’re actively looking to expand to other exciting markets in 2021. Before we launch a new location, we first aim to find the perfect local partner, and we are currently looking for the right partner to lead our activities in France.”
The opportunity from Paris would be sizeable given the growth of the French startup ecosystem in recent years.
In 2020 $5.2 billion in venture capital funding was raised by French startups, up nearly threefold since 2015, per Atomico’s State of European Tech report for 2020. In 2013 the French government launched “La French Tech” in an effort to crystallize its startup community. The project has the lofty goal of helping to bring about 20 French unicorns by 2025.
Antler’s backers and advisors include Spotify’s former CTO Andreas Ehn; Larry Summers, former US Treasury Secretary and former President of Harvard; and its CEO Magnus Grimeland — a former Norwegian Navy Seal and founder of e-commerce startup Zalora.
“The aspiration for Antler is to be the world’s leading and preeminent company builder and early-stage VC, and a partner for the most exceptional people from pre-idea to IPO,” the job description notes.
Antler recently opened a new fund in Denmark with the express purpose of investing in “sustainable tech.”