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Magnus Grimeland of Antler explains why his company will only own a maximum stake of 10 percent in any successful venture.
Singapore SO you've got a great startup idea. But incubators today may just pass on that. The newfangled ones in particular are no longer interested in growing business ideas. Instead, they are increasingly focused on nurturing individuals who can bring ideas to life.
It can be daunting, building a company from scratch and many fail without knowing where to turn to. Antler is a company that helps startups grow effectively through its global mentor network. Elliott Danker and Yasmin Jonkers spoke with Antler's Founder and CEO, Magnus Grimeland who explained what makes a good co-founder and some of the things startups should be spending their money on.
Antler wants to bring together complementary skillsets, and then invest US$100,000 for them to achieve their dreams.
Entrepreneur Singapore-based startup Antler announced today that it has closed a US$3 million seed round to fund its operations. Investors include John Riady, Director of the Lippo Group in Indonesia, Ole Ruch, Managing Director at WeWork (previously Managing Director of northern Europe Airbnb), Birger Nergaard, founder of Verdane Capital, and Andreas Ehn, first CTO at Spotify.
Antler, a self-described startup generator that recently closed a $3-million seed round, is on the road to raise a $15-20 million Southeast Asia-focused fund, its CEO said. Antler is the brainchild of co-founder and CEO Magnus Grimeland, a former McKinsey executive who co-founded fashion e-commerce website Zalora.
Co-founded by the likes of Zalora's Magnus Grimeland, Antler aims to generate 20 to 30 companies in Asia annually.
Learn more about what Antler looks for when working with founders to grow great companies. Magnus Grimeland is CEO and founder of Antler, co-founder of Zalora, and previously a Jr. Partner at McKinsey in global Telco, Media and High-Tech.
Find out why Asia is an exciting place to be for tech growth. Magnus Grimeland is CEO and founder of Antler, co-founder of Zalora, and previously a Jr. Partner at McKinsey in global Telco, Media and High-Tech.