Coaching will be one hour per week, commencing on the week after you successfully pass the pre-IC. We expect the founders to be full-time on their business and we aim to augment this growth during our due diligence period. Our next pre-IC will be during the week commencing 3rd June. With the IC taking place the week commencing 15th July. Should you be successful at the IC (and assuming your corporate structure is correctly set up) you should receive the investment in ~1-2 weeks.

You must have full working rights in Australia to be eligible. It is a legal requirement under Australian law to be either an Australian citizen, hold Permanent Residence or a permanent visa to be a Director of a company.

We share our full term sheet for transparency at the point of offering places to join Antler’s fast-track to funding and terms are fixed.

If, after pitching to Antler’s Investment Committee, you are successful in receiving funding your company will receive AU$225,000 for a 12% equity stake. At this point, Antler takes a $68,000 platform fee.

The company receives $157,000 net at a pre-money valuation of $1,650,000.

Due to the hands-on nature of our operations and global support services, at the point of Antler’s investment a $68,000+GST fee is taken.

This allows us to provide significant ongoing support to the scaling of your company during the Due Diligence period and the first 12-18 months after investment.

The fee is taken after the Antler investment so if you do not receive a successful outcome from pitching at the Investment Committee no payment is owed. Teams in the past have been able to make R&D tax claims on the majority of this invoice.

Humans rarely fit into neat categories, but broadly speaking it is those with the skills relevant to early stage business building combined with Founder DNA:

Backgrounds:

• Returning founders: Tried and tested founders who have valuable experience through successes and/or failures and are ready to build their next venture.
• Business leaders: Commercial pros with strengths in go-to-market, business model building, and securing customers and capital.
• Technology and Product leaders: Builders with their hands on in the code base, architecting scalable systems, or setting and executing on the product vision and leading teams.
• Subject matter pro’s or functional experts: Those with a specialised skill set that unlocks the idea behind a business usually from professional or academic experience. These individuals have identified an unmet customer need in their field, under utilised technology, or hold Intellectual Property that can be commercialised
• 0 to 1: Seasoned in startups and highly knowledgeable in early-stage through to hypergrowth, these individuals have held defining roles in the growth journey of companies.
• Visionaries: Those that have exceptional, unique, and non-conventional backgrounds and see that world a different way, complemented with strong grit and hustle to be successful.

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Founder DNA:

• Creating problem solving: Those who can intelligently and creatively navigate a pathway to an outcome
• Inner drive: Self-starters that can motivate themselves and others to join and unite in fulfilling a mission. Often seen through a track record of reaching achievements earlier than expected or having set high, long term, goals and reached them.
• Grit: Those with an energy source that never runs low, able to find a window when the door closes. Seen via a willingness and ability to keep going when faced with obstacles.

Antler has a strong bias to co-founding teams, with the average consisting of 2.3 founders. 

We do have examples of solo founders in our portfolio but they are few. 

Antler believes in co-founders because:

• As a Day Zero investor, a solo founder represents a significant key person risk to the company.
• We back complimentary, non-overlapping teams. This means two or three founders who can own functions of the business fitting to their areas of expertise. some text
  • For example tech + domain. This gives the founding team the breadth to execute at pace and clear ownership and decision making ability.
  • It also negates the need to outsource costly areas of the business to increase run-rate.
• Founder health is vital and operating as a co-founder teams enables you to spread not just the operational but also emotional load of launching and scaling a company.

Antler is business model and industry agnostic. This can be seen via the breadth of our portfolio. 

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Globally, Antler has invested in over 1,000+ companies to date across many industries. In Australia, we have an active portfolio size of >100 companies that is well balanced across different sectors. We have:

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• Enterprise SaaS startups operating in construction site management, cyber security, Talent management, and computer vision. 
• Digital platforms in verticals such as health, learning, pet services. 
• Services and D2C in waste management, consumer loyalty, fashion and personalised books. 
• Fintech and Insurtech startups within SME lending and new insurance products covering a range of industries such as SaaS, FinTech, GreenTech, ConsumerTech.

Yes! We encourage you to have preliminary conversations with other investors including but not limited to angel investors, friends and family as well as other institutional investors. However you should not be soliciting term sheets whilst you are in Residency. This process of raising a priced equity round or SAFE should happen after you leave the Antler Residency or after you go to IC.

As a Day Zero investor, we believe our blend of hands-on coaching and long-term capital is best suited for those at the earliest stage of their journey.

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We back teams at their inception and help them to work out how to get their first customers. We’re happy to consider if you have just acquired your first couple of paying customers too.

We are looking for trajectory and pace of operation as key factors in our investment decision. We want teams that ship and drive quickly in our five weeks of coaching, and if you’ve been working at this business for years this may not be for you.

The true value of building with Antler comes post Investment as that unlocks our portfolio support consisting of:

• Ability to follow-on from the local fund
  • Antler Australia has deployed additional capital into >80% of our portfolio
  • We aim to follow-on programmatically up to Series A stage and will match external funds raised in the first 12 months up to 50%
  • We have invested over A$1M into multiple companies over multiple rounds
• A global fund to back companies through their later rounds
  • Antler Elevate has US$280M fund designed to back Antler businesses from Series A-C with average cheque sizes of $3-10M
• Warm introduction to external capital from angels and other institutional investors
• Ongoing business coaching and advisory from our global network
• International scaling support driven through Antler’s on the ground presence in 23 regions
• Office hours with the team.
• Introductions to partners, funding sources, key hires
• Antler’s ability to spot synergies and intel from over 700 global transactions to inform coaching
• Perks and partnerships that by the sum of parts now exceed $3m in value
• The Talent Network, Antler’s proprietary platform to connect Antler portfolio companies to vetted job seekers
• Community support via Slack and in-person initiatives

• Over 70% of Antler portfolio companies raise 3rd party capital within 12 months
• Over 85% of companies that raise follow-on receive some of their capital from Antler fund investors (LPs)
• The top 5 Antler portfolio companies currently trade at 22x to 52x our post-money entry valuation
• 17 Antler portfolio companies are now valued at more than $10m
• Top valued Australian company is AU$80m

Select portfolio companies who are making strong headway: Xailient, Pathzero, Trace, UpCover, Vyro, Reach Alts , Tactiq, SiteHive, Sapyen, Upflowy, CloudOlive, SaaSGuru, Mys Tyler.

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If, after reading the above, you have further questions please reach out to the Scouting team

• Nina Leong, Scouting Manager: nina.leong@antler.co