We commit to pre-seed investing €500,000 in the companies that are successful at our investment committee:
- The first part of €200,000 is wired immediately post investment decision. The second part of €300,000 is conditional on further capital being raised from other investors within nine months following our first investment
In addition to this, we can support our companies with larger amounts as follow-on investments until Series C.
The details:
Initial investment of €200,000 (first part):
- The €200,000 is divided in two components:
- €100,000 for an 8.5% ownership stake
- €100,000 on an uncapped SAFE (or convertible) with a MFN (most-favored-nation) clause
- Full €200,000 is wired immediately post investment decision
Pre-committed next investment of up to €300,000 (second part):
- We’ll invest one-third of the total amount raised in the next funding round
- Within nine months after our initial investment
- The round needs to involve professional or semi-professional investors
- On the same terms as those investors
- No specified cap on the total matching amount
- For illustrative purposes, if your company raises €600,000 from professional investors after our initial investment, Antler may invest an additional €300,000 on the same terms, totalling €900,000.
Further investments (after initial and next investments):
- Potential pro rata investments
- Until Series C
- No amount limits