Antler Nairobi, a leading global early-stage venture capital firm, has announced its plan to invest $2 million in 10 promising early-stage startups in East Africa over the next six months. Each selected company will receive a $200,000 investment.
Antler is actively seeking individuals or teams working on tech or tech-enabled solutions addressing significant challenges in the East African region. The firm is particularly interested in startups at the pre-seed or early seed stage, as well as individuals with innovative ideas who are seeking co-founders.
Antler is a global early-stage VC with a presence in over 30 cities worldwide. The firm is known for its early-stage investments and provides follow-on funding of up to $10 million for growth-stage startups.
In 2022, Antler closed its East Africa investment fund at $13.5 million, exceeding its initial target. This demonstrates the firm’s commitment to supporting tech startups in the region.
Antler has a strong track record of investing in hundreds of technology startups and thousands of entrepreneurs across six continents. The firm has invested in over 400 companies in more than 30 industries.
Antler East Africa launched its first venture building cohort in August 2019 and has since run five successful cohorts, supporting 153 founders and making 14 investments. The firm is now adopting a new, community-driven platform approach, accepting founders and teams on a rolling basis.
With plans to make 35 new investments over the next three years, Antler aims to provide one of the shortest institutional funding cycles in Africa. The firm is committed to offering coaching and support to all its founders from day one.
“We are excited about Antler’s presence in East Africa,” said Magnus Grimeland, Antler founder and CEO. “With fast-growing economies and a rapidly developing startup ecosystem, we believe this is the perfect time to launch and build tech startups on the continent.”
Interested startups and individuals are encouraged to connect with Antler Nairobi through this website: http://antler.co/apply