Antler invests in 7 new UK tech startups

by Startacus Admin

Antler, the global early-stage venture capital firm announces that it has invested in 7 tech startups from its second UK cohort...

Great news today from global early-stage venture capital firm Antler which has invested in seven startups during its second UK cohort - despite the ongoing impact of the COVID-19 pandemic.

Antler – which launched in 2017 in Singapore, with a goal to fundamentally improve the world by enabling and investing in the world's most exceptional people, and building the defining companies of tomorrow revealed that 71 founders were selected for the program.

In keeping with Antler’s focus on supporting companies with diverse leadership, over half of the companies that raised money (four out of seven) had at least one woman founder, significantly above the London average of 21%.

Antler London helped them find co-founders and build strong teams, validate their business ideas and gain early traction. Each startup has worked closely with Antler’s London team, and with their strong network of local and international advisors. This process has prepared the ground for Antler to invest in this year’s cohort of seven companies.

A key part of the process is Antler’s ‘Demo Day’, when the founders pitch to local and international investors as a way to help them raise their next round of funding. This year, the Demo Day will be hosted remotely.

Magnus Grimeland, Antler’s Founder and CEO said, “COVID-19 has both exposed the vulnerabilities of several sectors, while highlighting the opportunities for startups to make an impact during these unprecedented times. The key challenges we’ve been speaking about for decades – climate change, pandemics, healthcare, shifting demographics, or the lack of diversity – are now being taken more seriously. The next generation of start-ups can have a great impact in these areas.

Antoine Poirson, Partner of Antler London said, “I am delighted with the progress that our second London cohort has made, especially in an unprecedented global environment. All of the founding teams have adapted to working remotely with speed. They have built phenomenal teams, developed new technology solutions, and impressive business plans. We are very pleased that Antler has helped this brilliant group turn their ideas into real, exciting companies that will make waves in industries as diverse as healthtech, beauty and fintech.” 

The London portfolio companies are:

Glaize  - a D2C brand that's on a mission to reinvent nail care through technology while removing plastics.

Liminal Health - a startup that provides technology-enhanced coaching to support people affected by cancer, and other long-term health conditions.

Mast -  a cloud-native mortgage origination system that helps lenders save costs, underwrite more applications and create the best digital experience possible.

MetaLynx - a startup that makes virtual sponsorship a reality for sports.

Noah - a startup that is disrupting the creative process and production of video.

PriceBring - a B2B Marketplace for Corner Shops to replenish stock at the best prices, discover deals and get it delivered. 

Scribe - a startup that is accelerating lending and investment decisions, using research-based Artificial Intelligence.

Some fab startups that are most certainly worth keeping an eye on!

 

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Published on: 12th October 2020