All investors

Antler is a global day-zero venture platform that backs founders at company formation, often before a team, idea, product, or revenue exists. Its model combines highly selective founder residencies, standardized inception checks, and structured follow-on pathways through matching programs and Antler Elevate for breakout companies.

Evaluation weights

How much weight this investor places on each dimension. Totals 100%.

Team-led · 45%
Metrics
9%

Revenue, growth, and unit economics

Market
27%

Size, timing, and competitive landscape

Team
45%

Founder experience and execution ability

Product
19%

Differentiation and technical quality

  • Bias toward exceptional people over polished ideas
  • Comfort with pre-idea and pre-revenue investing if founder quality is extraordinary
  • Preference for teams that create fast validation momentum after inception
  • Increasingly conventional growth scrutiny for later-stage Elevate checks

Pitch difficulty

How hard it is to get a meeting and close funding from this investor.

Funded / yr
31

Deals closed in a typical year.

Led / yr
79

Rounds led in the last 12 months.

Pitches / yr
~8000

Decks reviewed in a typical year.

Acceptance rate
0.39%

Share of pitches that get funded.

Estimated — public data is not fully disclosed.

Why it's hard
  • Acceptance rates are reported at below 0.2%
  • Founders are evaluated over 6-10 intensive weeks, not just a pitch meeting
  • The bar is especially high on founder quality, intent, and execution speed
  • Later-stage Elevate investing adds more conventional selectivity around growth and category leadership

Antler is unusually accessible in stage but not in admission: it invests before idea and revenue, yet its residency intake and funding conversion are extremely selective. The firm mitigates early-stage risk through deep founder vetting, structured programs, and a high bar for ambition and execution.

Green flags

What drives a yes for this investor.

  • Exceptional founders with grit, ambition, and unusually strong execution ability
  • Clear founder-market fit or rare domain/technical depth
  • Evidence of fast learning and willingness to pivot during the residency
  • Early validation signals such as LOIs, waitlists, pilot demand, or usage
  • A venture-scale market with a credible path to category leadership

Red flags

What kills deals and gets a fast no.

  • Part-time founders or weak commitment to building full time
  • No validation momentum after meaningful time in Antler's process
  • Small-market ideas or businesses unlikely to produce power-law outcomes
  • Founders who are rigid, uncoachable, or unable to pivot
  • Exposure to excluded sectors or clear ESG/responsible-investment conflicts

How to win

Patterns that lead to successful pitches.

  • Lead with why this founding team is exceptional, not just the idea
  • Show concrete validation signals even if revenue is zero
  • Demonstrate rapid execution speed and learning loops
  • Make the market ambition unmistakably venture-scale and globally relevant
  • Explain founder-market fit with specific domain or technical credibility

Fund strategy & identity

Who they are and how they operate.

  • Invest at inception through residency-based founder selection
  • Make standardized pre-seed checks across local markets
  • Use structured matching/ARC programs to accelerate the next round
  • Reserve follow-on capital and invest further via Antler Elevate
  • Diversify broadly across geographies while underwriting power-law outcomes
Firm identity
Global day-zero investor Founder-first and process-driven High-risk at inception, selective by design Sector-agnostic with strong AI momentum Built to support companies from formation through Series C

Investment focus

Industries, themes, and typical ARR expectations.

Industries
Artificial IntelligenceFintechClimate & EnergyB2B SaaSConsumer SoftwareHealth & BiotechDeep Tech
Investment themes
AI applications and developer toolingFintech and financial infrastructureClimate, energy, and circular economyB2B SaaS and workflow softwareConsumer software with global reachHealth, biotech, and deep-tech venturesFounder-market-fit-driven opportunities formed inside the Antler system
Typical check by stage
Pre Seed$100k-$1M
Seed$250k-$1M
Series A$3M-$10M
Typical ARR by stage
Pre Seed$0 (often pre-revenue)
Seednot disclosed
Series Anot disclosed
Series Bnot disclosed
Series Cnot disclosed

Investment thesis

Core beliefs and strategy behind their investing approach.

Antler is a global "day zero" investor built on a core belief: exceptional teams create the greatest companies, and the best time to partner with them is at inception. The firm operates across ~30 cities, providing an on‑ramp for founders—often pre‑team and pre‑idea—to form companies, validate models, and secure initial capital. Antler is sector‑agnostic, yet has deep momentum in AI; its portfolio also spans fintech, health/biotech, climate/energy, deep‑tech, B2B SaaS, consumer, and web3/e‑commerce. The investment model couples highly selective, hands‑on residencies with founder‑friendly initial checks and rapid IC decisions, then reinforces momentum via structured matching programs (e.g., ARC) and a later‑stage fund (Antler Elevate) that invests from Pre‑A through Series C. Antler’s philosophy emphasizes people over initial concepts, light early control terms (no anti‑dilution or veto, information and pro‑rata rights, optional board observer), and building durable governance (10%+ ESOP, standard 4‑year vesting). Its Responsible Investment and ESG framework excludes harmful sectors such as controversial weapons, gambling, and companies that cause environmental or societal harm. Antler’s risk appetite is among the highest in venture: it explicitly invests pre‑product and pre‑traction, with a global platform and continuity capital to help teams progress from $0 revenue at inception to institutional rounds. The result is a scaled, global pipeline and portfolio construction that embraces power‑law outcomes—producing breakouts such as Airalo and Lovable—while supporting hundreds of founders annually with capital, networks, and operating leverage from day zero to greatness.

Decision patterns

How they evaluate and make investment decisions.

Antler’s decisions are founder‑first and highly process‑based. Through a 6‑10 week residency, partners spend hundreds of hours with founders to evaluate grit, skill depth, ambition, founder‑market fit, and the ability to pivot quickly. The firm welcomes pre‑idea teams; ideas can be formed during the program. Investment hinges less on existing ARR and more on validation signals such as user wait‑lists, LOIs, early product usage, and clear market size. Structured ARC/matching commitments de‑risk the next raise, while temporary exclusivity and full‑time founder commitments reduce noise. Antler is sector‑agnostic but leans toward AI, fintech, climate/energy, and consumer software. Early bets are made with standardized inception checks and pre‑committed follow‑on capital, and later participation via the Elevate fund focuses on compounding growth and category leadership.

Risk appetite

Antler is aggressively risk‑tolerant at the inception stage, investing pre‑revenue and even pre‑idea through its residency model and standardized checks (e.g., $250K‑$400K). Selectivity (<0.2% acceptance) and intensive founder vetting mitigate risk while allowing many small bets globally. At seed and beyond, risk tolerance normalizes: follow‑on reserves and the Elevate fund lead or co‑lead $3‑10 M Series A rounds, applying conventional due diligence. Overall, Antler couples high early‑stage risk appetite with portfolio diversification and a willingness to lead later‑stage rounds when firms demonstrate compounding growth.

Notable investments

Key portfolio companies and why they fit the thesis.

  • Airalo
    Global eSIM marketplace scaling cross‑border telecom infrastructure, matching Antler’s focus on platform‑level infrastructure from day zero.
  • Reebelo
    Circular‑economy marketplace for refurbished electronics, aligning with Antler’s sustainability and consumer‑focused thesis.
  • Teton.ai
    AI‑driven elderly‑care operations platform, fitting Antler’s applied AI and healthcare vertical focus.
  • Agentio
    AI‑native advertising infrastructure for creators, demonstrating Antler’s support from inception to growth in AI‑driven media.
  • Doorstep.ai
    Enterprise AI solution for last‑mile fraud detection and logistics efficiency, consistent with Antler’s applied AI thesis.
  • Levit8 AILead
    HR analytics platform detecting churn risk, a B2B SaaS with early traction that fits Antler’s pre‑seed thesis of high‑impact tech founders.
  • MessengerCoLead
    Conversational commerce tooling from Malaysia, part of Antler’s Southeast‑Asia pre‑seed push with standardized checks.
  • IndustrialMindLead
    Industrial AI solutions for manufacturing, aligning with Antler’s verticalized AI and infrastructure focus.
  • NugenLead
    Reliability‑focused AI infrastructure for regulated sectors, matching Antler’s applied, reliable‑AI thesis.

Key people

Partners who lead investments and shape the thesis.

  • BR
    Bob Rosin
    Managing Partner, US
    US inception investingearly-stage company building
  • JS
    Jussi Salovaara
    Co-founder & Managing Partner, Asia
    APAC investmentsgrowth and fundraising support
  • FA
    Fady Abdel-Nour
    Partner, Antler Elevate
    Growth-stage investingglobal expansion beyond day zero
  • MH
    Martell Hardenberg
    Partner (London, Investment Committees)
    Investment Committee decisionsportfolio company scaling

Public voice

Notable statements and public positions.

  • We made the decision to back founders from Day Zero—investing in people before they’ve even started building their businesses.
  • We’re doubling down on the best founders in Europe – with double the capital and a bigger commitment than ever. €500k at inception gives the best founders the best chance to raise pre‑seed in weeks, not months, and seed rounds in months, not years.
  • We’re doubling down, but we’re also raising the bar – seeking founders with clear intent and exceptional execution.