Antler Closes UK Fund, at £21.4M

Antler, a global venture capital firm, closed its new UK fund, at GBP21.4m.

Headed by partners Ollie Purdue, Antoine Poirson, and Veronika Patkai, the fund invests £120k as a first cheque in all of its UK portfolio companies across sectors that complete the UK cohort, and holds capital in reserve for investing up to and including Series C. Antler invests in both talented individuals and pre-seed stage companies through its cohort model.

The next London cohort will launch in February 2022. The vehicle will allow the UK team to build a portfolio of around 70 companies in the country.

After launching in London in 2019, Antler now has a total of 35 UK portfolio companies –  16 of which joined the portfolio in 2021. It includes nail care innovator Glaize; sexual wellness application Blueheart; AI powered healthcare marketplace Vamstar; the virtual team venue Unlock; and mortgage tech platform Mast.

Investors & advisors include Eduardo Saverin’s Light VC, the founders of Quantum Black, Monzo and Comply Advantage, as well as members of the senior teams at unbound, Babylon Health, Octopus Ventures, Collective Ventures, Blackrock, JP Morgan, PJT, Arctic Securities, and McKinsey. Antler has invested in over 350 companies globally across 30 different industries.