Antler, a global venture capital firm, has announced its revamped U.S. investment terms. Since its U.S. launch in 2019, the firm has grown its team to 15 people across New York City, Austin and most recently, Boulder, Colorado. It also re-launched its in-person residency in 2022.
The firm works to equip entrepreneurs with the infrastructure needed to build a successful startup. Its eight-week residency program gives founders the chance to get to know Antler before accepting its investment. Since its stateside launch, Antler has received more than 17,000 applications for its residency and has invested in 137 teams.
Antler’s new investment terms aim to provide nascent startups with a comprehensive financing package to set them up for long-term success. The new deal includes a $2,500 founder grant for founders who are relocating to participate in the residency.
Following their residency, founders have the opportunity to pitch their business idea to Antler’s U.S. investment committee for a $250,000 investment at $2.75 million post-money valuation. This gives Antler a 9.09 percent ownership stake of their new company. Antler has also dedicated funds reserved for follow-on investment in a founder’s seed round.
These terms will be available to founders starting with Antler’s October 2023 Fall residencies in Austin, Boulder and New York.
