Investors were looking for access to early-stage companies that would still be growing rapidly when economic conditions improved, the venture capital fund says.
Singapore-based technology start-up financier Antler says Australian investors have poured a significant proportion of the $425 million raised for its new venture capital fund as they search for early-stage opportunities to be prepared as market conditions improve.
Antler partners Bede Moore, James McClure, Ant Millet and Cath Rogers seek early-stage opportunities to be prepared as market conditions improve.
Mr Millet said that, including the ongoing local fundraise, he was well progressed in raising about $1 billion across Antlers’ operations in the United States, Britain, Europe and Asia.“In the current market, where transactions are happening, valuations are low, so it’s very attractive from an investor’s point of view to be deploying right now,” he said.
It counts carbon emissions software product Pathzero, on-demand insurance platform Upcover and AI computer vision specialist Xailient among its best local performers.
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