Antler announced its continued commitment to backing exceptional founders, closing 96 deals worth over $12.5 million across Southeast Asia in 2024 maintaining a steady investment pace comparable to 104 deals in 2023, worth over $12.6 million.
This brings the firm’s total investments across the region to 200 deals worth $25 million over the past two years. Having recently expanded to Malaysia in 2023, Antler has deployed $1.3 million across 12 early-stage investments in this region this year, marking a strong investment momentum following 7 investments worth $770,000 in 2023. This brings the firm’s total investments in Malaysia to 19 deals worth $2 million over the past year and a half.
The firm’s Southeast Asian portfolio companies have demonstrated remarkable resilience since Antler’s inception, collectively securing more than $350 million in follow-on funding, underlining the strength of its investment thesis and founder selection.
According to Tracxn’s latest report, the region’s tech funding plunged 59 percent year-on-year to $2.84 billion in 2024, marking an 80 percent decline from $14.2 billion in 2022. Despite this challenging environment, Antler has maintained its commitment to early-stage investing as identifying and backing founders who demonstrate strong fundamentals early in their journey has proven more critical than ever.
Building on this momentum, Antler will aim to deploy $20 million across Southeast Asia, including Malaysia, in the first half of 2025, reinforcing its position as a key catalyst in the startup ecosystem. As the earliest institutional investors in the region,
Antler’s initial capital, global platform, and network of advisors and investors have been instrumental in helping founders build companies that now form a significant part of Southeast Asia’s technology landscape.
To further strengthen its support for founders from inception through growth, Antler continues to offer its recently introduced ARC (Agreement for Rolling Capital) initiative. This funding structure enables early-stage founders to secure up to $600,000, including initial investment, pro-rata follow-on, and ARC, within the first six to nine months of a company’s lifecycle.
