Global venture capital firm Antler is making its foray into the Malaysian startup scene through a partnership with the sovereign wealth fund Khazanah.
The firm has established its presence across six continents, which already includes Southeast Asia—with existing footholds in Singapore, Indonesia, and Vietnam. Antler is one of the most active early-stage investors globally and has invested in over 792 companies across 26 cities worldwide, amassing a cumulative portfolio value of US$3.7 billion.
The partnership with Antler is the latest addition to Khazanah’s Future Malaysia Programme, an initiative under its Dana Impak (Impact Fund) mandate, which aims to support the local start-up ecosystem of entrepreneurs, start-ups, venture capital, and corporate venture programmes through collaborations with domestic and international partners. Dana Impak is an RM6 billion commitment over 5 years and is a key pillar under Khazanah’s Advancing Malaysia strategy.
The strategic alliance serves to unearth and nurture Malaysia’s entrepreneurial talents and provide them access to Antler’s global platform and network, enabling them to establish themselves as the defining companies of tomorrow. By drawing upon Antler’s global network of investors, founders, and advisors, this partnership will infuse new opportunities into the Malaysian entrepreneurial scene, subsequently accelerate the growth trajectory of Malaysian entrepreneurs and startups, propelling them towards international expansion and success.
Dato’ Amirul Feisal Wan Zahir, Managing Director, Khazanah says, “This is another step forward for our Future Malaysia Programme, which aims to scale Malaysian ideas and businesses to be globally competitive.”
Specializing in ‘Day Zero investing’, Antler takes a distinctive approach to fostering startup success, setting it apart from other entrepreneurial programs. The firm is committed to supporting founders throughout their journey, starting from the pre-seed stage and extending all the way to Series A and beyond. This includes support in co-founder matching, deep business model validation, provision of initial capital, expansion assistance, and securing follow-on funding. With Antler’s comprehensive investment approach, startups are backed from their very earliest days through significant growth phases.
From its new Kuala Lumpur office, Antler is aiming to invest in over 30 startups across Malaysia over the next three years, with the inaugural Venture Generation Program set to begin in October 2023.
