Antler will complete approximately $75 million in pre-seed funding this quarter, focusing on areas such as Web3 infrastructure

2023-09-22 22:35:33

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ChainCatcher news, according to YourStory, early-stage venture capital firm Antler India has announced that its first ₹6 billion (approximately $75 million) pre-seed fund is nearing completion, having raised ₹5 billion (approximately $62.5 million) so far, with plans to finalize this quarter.

It is reported that the fund has the support of investors representing six institutions and sovereign wealth funds, including the Small Industries Development Bank of India, as well as 125 limited partners. The fund will focus on investments in areas such as Open Network Digital Commerce (ONDC), Web3 infrastructure, and artificial intelligence.

ChainCatcher previously reported that early-stage venture capital firm Antler raised $285 million for its emerging growth fund Antler Elevate, with investors including M&G Catalyst, Schroders, Vaekstfonden, and Korea Venture Investment Corp. The fund supports over 20 technology ecosystems, providing capital expansion for global startups starting from Series A.

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