Antler

Singapore-based global early-stage venture capital firm Antler has announced the appointment of Agung Bezharie Hadinegoro as its Partner. Agung is to spearhead the company's investment strategy and operations in Indonesia.

Singapore-based startup accelerator Antler has closed Antler Elevate, a $285 million emerging growth fund that backs the next generation of game-changing founders across 20+ technology ecosystems.

Antler, a global early-stage venture capital firm with strong presence in Indonesia, said Wednesday it will continue its commitment to support aspiring founders and early-stage teams by providing backing from day zero along with a goal to invest in over 30 Indonesian startups in 2023.

Antler plans to invest in at least 100 companies in Indonesia over the next 4 years, with the first Indonesia investments to be made in early 2022. It has launched in Indonesia to enable more entrepreneurs to build startups and raise funding with the support of the global Antler and take advantage of the unique ecosystem and opportunties across Indonesia.

Locad currently runs seven fulfillment centers: four in the Philippines and one warehouse each in Singapore, Hong Kong, and New South Wales. The company plans to use part of its seed fund to further expand its warehouse network in the Philippines and across the APAC region.